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30934992
30935023

1515 W Commonwealth Avenue, Alhambra, CA 91803

DL
CA CA 01928418
ATLAS GROUP - EXP REALTY
Listed by ATLAS GROUP - EXP REALTY
$2,500,000
114 days on market
Updated 28 days ago

1515 W Commonwealth Avenue

Details
APN 5343006001
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 5.56%
Buildings 1
Stories 2
Acreage 0.165
Zoning Public Rec

Multifamily | 5.56% CAP | 8 Units

Marketing description

VIEW OM:

https://atlasgrouprealty.com/commercial/1515-west-commonwealth-avenue

Investment highlights

A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with 3 units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.

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Listing Contacts

DL
CA CA 01928418
ATLAS GROUP - EXP REALTY
Listed by ATLAS GROUP - EXP REALTY

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Additional Information

Name
Donald La
License
CA 01928418
Brokerage
eXp Realty
Brokerage Phone
626-888-2995
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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