Two-Unit Duplex
For Sale
Contact for pricing
1017-- 1019 S Atlantic Blvd, Alhambra, CA 91803
Separate residences support owner occupancy in one unit with rental use for the other.
Property Size1,485 SF
Lot Size0.13 Acres
Price / SF$535.35
Days on Market16
Property Features for 1017-- 1019 S Atlantic Blvd
General Information
Standard status
Active
Size
1,485 SF
Lot size
0.13 Acres
Property subtype
Multifamily
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Listing Agency:
CENTURY 21 Masters
Listed By:
James Escamilla · License #02026285
(323) 707-5043
Source:
Crexi
Added: Sep 3
Changed: Sep 9
Last Checked: Sep 16 at 12:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Masters
Investment Insights
Based on property information with market context.
This duplex includes two separate residences with approximately 1,485 square feet of combined living space on a 5,739-square-foot lot. The unit mix consists of one two-bedroom, one-bathroom residence and one one-bedroom, one-bathroom residence. The configuration supports an owner-occupant arrangement with one unit available for rental use, as well as other residential ownership strategies stated in the listing.
The property is located in Alhambra near shopping, dining, schools, and major transportation routes. Its two-unit layout and distinct bedroom configurations provide a straightforward residential income property format.
The property is located in Alhambra near shopping, dining, schools, and major transportation routes. Its two-unit layout and distinct bedroom configurations provide a straightforward residential income property format.
Key Highlights
- Two‑unit duplex configuration
- Approximately 1,485 square feet of total living space
- 5,739‑square‑foot lot
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
$25,933
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
3.26%
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%
$518,660
$518.7K
Cap Rate 7%
$370,471
$370.5K
Cap Rate 9%
$288,144
$288.1K
Market Conditions
NOI Build-Up for 1,485 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
$40.1K $27.00/SF
− Vacancy
−$3.0K −$2.05/SF
EGI
$37.0K $24.95/SF
− OpEx
−$11.1K −$7.48/SF
NOI
$25.9K $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%
$518,660
Cap Rate 7%
$370,471
Cap Rate 9%
$288,144
Alternative Uses
Best Use
Multifamily LT 5
$370.5K
$324.2K – $432.2K
NOI $25,933 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$341.4K
$298.7K – $398.3K
NOI $23,895 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$795.1K
$695.7K – $927.6K
NOI $55,654 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
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Business Placement
Demographics for 91803, CA
29,374
Population
10,439
Households
2.8
Avg Household Size
42
Median Age
37%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
8,901
Density / Sq Mi
$84,537
Median Household Income
$47,579
Median Earnings
$1,790
Median Rent
$831,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences support owner occupancy in one unit with rental use for the other.
Where is this duplex located?
The property is located at 1017-- 1019 S Atlantic Blvd Alhambra, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Approximately 1,485 square feet of total living space; 5,739‑square‑foot lot
