Occupied Triplex with
For Sale
$1,249,000
1201 W Woodward, Alhambra, CA 91801
Alhambra, CA
Property Size2,200 SF
Lot Size0.19 Acres
Price / SF$567.73
Days on Market47
Property Features for 1201 W Woodward
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Parking
3
Lot features
0-1 Unit/ Acre
Directions
West of Atlantic Blvd, South of Alhambra ave
Subdivision
601 - Alhambra
Standard status
Active
APN
5338019012
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1951
Floors in Building
1
Number of units
3
Listing Agency:
IRN REALTY
(626) 447-5100
Listed By:
RENALDO SUDIBYA · License #01411567
(626) 316-6700
Added: Jul 31
Changed: Sep 15
Last Checked: Sep 15 at 6:06AM
MLS# WS26166569
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1201 W Woodward in Alhambra, this 1951-built triplex contains 2,200 square feet on an 8,357-square-foot lot. The unit mix includes one two-bedroom, one-bath residence and two one-bedroom, one-bath residences. The property is 100% occupied and includes on-site laundry along with three parking spaces.
Units 1203 and 1205 operate under active Housing Choice Voucher HAP contracts, with rent paid monthly by the housing authority. Unit 1201 has been occupied by the same private-pay tenant since 2012. The property is subject to AB 1482 and is not under local rent control. Public water and public sewer serve the site, with access to I-10, the Atlantic Boulevard corridor, Main Street auto row, and the SGV Medical corridor.
Units 1203 and 1205 operate under active Housing Choice Voucher HAP contracts, with rent paid monthly by the housing authority. Unit 1201 has been occupied by the same private-pay tenant since 2012. The property is subject to AB 1482 and is not under local rent control. Public water and public sewer serve the site, with access to I-10, the Atlantic Boulevard corridor, Main Street auto row, and the SGV Medical corridor.
Key Highlights
- Triplex with one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units
- 100% occupied with three parking spaces and on‑site laundry
- Units 1203 & 1205 have active Housing Choice Voucher HAP contracts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$768,400
$768.4K
Cap Rate 7%
$548,857
$548.9K
Cap Rate 9%
$426,889
$426.9K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.4K $27.00/SF
− Vacancy
−$4.5K −$2.05/SF
EGI
$54.9K $24.95/SF
− OpEx
−$16.5K −$7.48/SF
NOI
$38.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$768,400
Cap Rate 7%
$548,857
Cap Rate 9%
$426,889
Alternative Uses
Best Use
Multifamily LT 5
$548.9K
$480.3K – $640.3K
NOI $38,420 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,451 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with on-site laundry and a documented mix of private-pay and housing voucher tenancy.
Where is this triplex located?
The property is located at 1201 W Woodward Alhambra, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Triplex with one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units; 100% occupied with three parking spaces and on‑site laundry; Units 1203 & 1205 have active Housing Choice Voucher HAP contracts
