5501-5505 Alhambra Avenue • 5 Unit Investment 7.23% CAP Rate
7.23% CAP Rate | 100% Occupied | 5-unit property 2 parcels
Marketing description
We are pleased to announce a new listing: a 5-unit mixed-use multifamily property, situated on two adjacent parcels. A great add-value investment, with upsides in improving rents, and huge potential for development in the future.
This is a rare opportunity to purchase two adjacent properties in the popular commercial area of El Sereno, a well-known community in NELA. Located seconds from Alhambra and South Pasadena, and just minutes from Downtown Los Angeles. Additionally, there is a large on-site parking lot to accommodate tenants. The properties boast amazing frontage on the main thoroughfare of the town, Alhambra Ave, connecting Mission Road to many university sites to the west.
It is in close proximity to many desirable areas including South Pasadena, Pasadena, Alhambra, Monterey, Highland Park, Glendale, Los Angeles City, Lincoln Heights, and more.
The area has a growing business community, with new businesses like the tech lab HATCH and Stomping Grounds dance school, and Holy Grounds cafe. Businesses can benefit from a customer base with strong purchasing power and a workforce with valuable skills and expertise.
The area's proximity to major freeways and transportation hubs provides easy access to regional and national markets, making it an ideal location for businesses looking to expand and grow. With an 85% walk score, the property is within walking distance of dozens of well-known stores, local shops, dining experiences, coffee shops, and more.
It's nearby nationally known tenants including Target, Costco, Starbucks, LA Fitness, Home Depot, Alhambra Mall, Keck, USC, and more. It is also adjacent to many up-and-coming small businesses, including art galleries, schools, service providers, and more. It is within 5 minutes of 10 universities and colleges.
There are dozens of dining experiences and shopping options in every direction. The property is located on the well-known popular thoroughfare, Alhambra Ave, which connects Alhambra to the Cal State University area. It's near freeways such as the 710, 10, 110, and the 5.
Investment highlights
- 100% Occupied - Stable income property
- 7.23% CAP Rate - A strong capitalization rate for Los Angeles
- Corner property with frontage on two streets
- Located in NELA, blocks from Cal State University
- 100 percent occupied building with 4 tenants across 5 units
- Value add opportunity with upside through rent increases
- 4 apartment units total
- Large gated and walled on site parking area for tenants
- Mixed use zoning with one ground floor retail commercial space
- Prominent location on Alhambra Avenue
- Strong signage potential
- Approximately 3,240± square feet of building area
- 10± parking spaces in rear lot
- High daily vehicle traffic counts
- Walk Score of 85 out of 100
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