Stabilized Triplex with HCV
New
For Sale
$1,249,000
1201 W Woodward, Alhambra, CA 91801
MULTI_FAMILY - Alhambra, CA
Property Size2,200 SF
Lot Size0.19 Acres
Price / SF$567.73
Days on Market2
Property Features for 1201 W Woodward
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Laundry Room, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, 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
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) 447-5100
Added: Jul 31
Changed: Aug 1
Last Checked: Aug 1 at 8:06AM
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.
This stabilized triplex is fully occupied and features a unit mix of one 2-bedroom/1-bath apartment and two 1-bedroom/1-bath apartments. The property’s active Housing Choice Voucher (HAP) contracts are in units 1203 and 1205, with rent paid directly by the housing authority each month. Unit 1201 is a long-term private-pay tenant, in place since 2012.
Built in 1951, the building totals 2,200 sqft and sits on an 8,357 sqft lot with 3 parking spaces. Public water and public sewer services are provided. The property address is 1201-1205 W Woodward Ave (Alhambra, CA 91801).
For everyday convenience, the property has a Walk Score of 92, and it is described as minutes from I-10, the Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. Contact the listing agent for the rent roll and full offering memorandum.
Built in 1951, the building totals 2,200 sqft and sits on an 8,357 sqft lot with 3 parking spaces. Public water and public sewer services are provided. The property address is 1201-1205 W Woodward Ave (Alhambra, CA 91801).
For everyday convenience, the property has a Walk Score of 92, and it is described as minutes from I-10, the Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. Contact the listing agent for the rent roll and full offering memorandum.
Key Highlights
- Fully occupied triplex with 1 long‑term private‑pay unit and 2 HAP/ Housing Choice Voucher units
- Unit mix: one 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath apartments
- Units 1203 and 1205 on active Housing Choice Voucher (HAP) contracts with rent paid by the housing authority
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $27.00 |
| − Vacancy | −$4.5k | −$2.05 |
| EGI | $54.9k | $24.95 |
| − OpEx | −$16.5k | −$7.48 |
| NOI | $38.4k | $17.46 |
2,200 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
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
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road 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
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 - Three-unit triplex with one private-pay tenant and two Housing Choice Voucher contracts.
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: Fully occupied triplex with 1 long‑term private‑pay unit and 2 HAP/ Housing Choice Voucher units; Unit mix: one 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath apartments; Units 1203 and 1205 on active Housing Choice Voucher (HAP) contracts with rent paid by the housing authority
