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920 N 1st St Alhambra, CA, 91801
$5,800,000 Commercial for sale Other
We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed with upgrades including a new Roof (2016), exterior paint on building and railings, new washers and dryers, and upgraded exterior lighting. Recently renovated units have laminate wood flooring, granite countertops, stainless steel appliances, and new A/C and heating. In-place rents generate a current cap rate of 4.1%, 5.4% with market rents offering an investor approx. 20% rental upside. This is a rare and unique opportunity for an investor to acquire a well maintained asset, in a highly sought-after location.
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Property details
10,911 sqft interior area
Land area
14,705 sqft (0.34 acres)
Days on Verhouse
44
Address
920 N 1st St, Alhambra, CA, 91801
City of California
Alhambra
County
Los Angeles
Year Built
1959
District
Listing
Nearby major retailers
Costco
Trader Joe's
BMW
Whole Foods Market
Albertsons
T-Mobile
Aldi
Walmart Supercenter
Wholesale: 2
Supermarket: 9
Car: 1
Mobile phone: 3
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Listed by
Ryan Loria, Triqor Group
Name
Ryan Loria
License number
02006138
Brokerage company
Triqor Group
MLS #
CRPW24067638
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Calculate your monthly payments
Mortgage
$17,808
Taxes
$0
HOA dues
$0
Mortgage
$1,160,000 / 20%
2.28%
30 years
Your amount
$17,808 / month
Lot details
TMK #5321020021
Lot Description
Other
Parcel nr.
5321020021
91801 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 91801
39%
Families with children
National average: 39%
35%
Non family households
451,166
Population
$108,295
Average Income
Age & gender
Median age 40 years
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Commute types
82% commute by car
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Education level
24% have bachelor education
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Number of employees
2% work in education and healthcare
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Vehicles available
38% have 2 vehicle
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Vehicles by gender
38% have 2 vehicle
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Housing market insights for
$1.42m
Neighborhood average
sales price*
sales price*
$1.06m
Neighborhood median
sales price*
sales price*
538
Number
of sales*
of sales*
Housing type
45% are single detacheds
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Rooms
41% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
53% are renters
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15.83 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Apr 5, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 5, 2024 | New Listing | $5,800,000 | 0 | MLS #CRPW24067638 |
Taxes of 920 N 1st St, Alhambra, CA, 91801
ALRP zoning / MLS #CRPW24067638
Zoning
ALRP
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Frequently Asked Questions about 920 N 1st St
What is 920 N 1st St?
920 N 1st St is a Commercial/Industrial propertywith 10,911 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
920 N 1st St, Alhambra, CA, 91801.
What comparable properties are nearby?
Comparable nearby commercial properties include 127 N Garfield Ave, 200 Elgin St, 1227 W Valley Blvd, 1013 W Valley Blvd, 1635 W Valley Blvd, 1609 S Atlantic Blvd.
Based on information from the bridgeMLS as of 05-18-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 24, 2024
Verhouse Last checked 6 minutes ago
The closest grocery stores are Ralphs, 0.12 miles away and Aldi, 1.02 miles away.
The 91801 zip area has a population of 451,166, and 39% of the families have children. The median age is 40.26 years and 82% commute by car. The most popular housing type is "single detached" and 53% is renter.
