30 N FIRST STREET Alhambra, CA 91801
New
- Added:
- Apr 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Apr 11 at 1:06 pm
Property Features for 30 N FIRST STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 5337019022
- Size
- 13,875 SF
Utilities
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1956
- Architectural style
- Other
Listing agent Lisa Pimentel License #01745013 (626) 391-2149
Listing office CENTURY 21 CITRUS REALTY INC 1100 Via Verde, San Dimas,CA, CA (909) 592-8500
Listing date Apr 10, 2026
MLS# CV26077738
Listing URL
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.
Overview
36-Unit Alhambra Multifamily Asset
This 36-unit multifamily property is located in downtown Alhambra. The property is transitioning from a 2025 operational reset into stabilized performance following strategic capital improvements and lease-up activity. In 2025, the property had a vacancy rate of 25.89% and generated $238,588 in Net Operating Income, yielding a cap rate of 3.29%. Current occupancy is 94%. Based on current occupancy, the pro forma cap rate is 5.01%. As of April 1, 2026, the vacancy has been reduced to 2 units, reflecting strong leasing momentum and improving cash flow. One unit is currently configured as office space, with the option to convert to a 1-bedroom. The property has 26.5 off-street covered parking spaces (0.5 is designated motorcycle parking); on-street parking is available from the city for $70 per year per space. On-site laundry facilities are provided, with machines maintained by WASH, who pays the owner a percentage of the monthly revenue. There are 3 washing machines and 3 dryers on the property. The property has a total size of 13875 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Alhambra
- County
- Los Angeles
- State
- California
- Longitude
- -118.1282615
- Latitude
- 34.0957543
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Downtown Alhambra property with immediate NOI expansion potential.
Where is this apartment building located?
The property is located at 30 N FIRST STREET Alhambra, CA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: High current occupancy rate of 94%, indicating strong tenant demand.; Significant NOI expansion potential through lease‑up of remaining units and expense normalization.; Demonstrated improvement in vacancy rate from 25.89% in 2025 to only 2 units vacant as of April 1, 2026.
