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31542412
31542413

30 N 1st St, Alhambra, CA 91801

CENTURY 21 Citrus Realty
Listed by CENTURY 21 Citrus Realty
$6,425,000
58 days on market
Updated 2 days ago

Burke Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,997
Net Rentable (SqFt) 12,997
Units 36
Occupancy 94%
Pro-Forma Cap Rate 5.65%
Pro-Forma NOI $363,284
Price per SqFt $494
Year Built 1956
Buildings 5
Acreage 0.560

Multifamily | 36 Units | $178,472/unit

Marketing description

The asset benefits from recent upgrades, including roof repairs, parking lot resurfacing, and interior renovations, reducing near-term capital expenditure requirements and enhancing long-term operational efficiency.

Located along N 1st Street, the property offers immediate access to Downtown Alhambra’s retail and dining corridor, as well as convenient connectivity to Downtown Los Angeles, Pasadena, and major employment hubs via the I-10 and I-710 freeways. The surrounding area is supported by a diverse employment base, including healthcare institutions, universities, and regional employers, ensuring long-term stability in demand.

This opportunity offers investors a rare combination of in-place cash flow and long-term rent growth potential in a highly desirable infill location in Southern California.

Listing Contacts

CENTURY 21 Citrus Realty
Listed by CENTURY 21 Citrus Realty

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