Unique Alhambra Fourplex Investment
For Sale
$2,090,000
Pending
213 S Atlantic Blvd, Alhambra, CA 91801
Fourplex near Main St and Atlantic Blvd with investment potential.
Property Size5,548 SF
Lot Size0.17 Acres
Days on Market154
Property Features for 213 S Atlantic Blvd
General Information
Standard status
Pending
Size
5,548 SF
Lot size
0.17 Acres
Property subtype
Investment
Lease Term
Flexible
Building Details
Building Size
5,548 SF
Year Built
1924
Stories
2
Units
4
Listing Agency:
(626) 345-8585
Listed By:
Kenneth So · License #DRE #02052370
(626) 345-8585
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
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 Kenneth So
Investment Insights
Based on property information with market context.
This fourplex is an investment property with unique private entrances. It offers a mix of bedroom and bathroom combinations. Each unit is separately metered. The property has the potential for all units to be delivered vacant. It is located off Main St and Atlantic Blvd, with access to restaurants, shops, public transit, and schools. The location has walkability and proximity to downtown LA, Old Town Pasadena, and Cal State LA.
Key Highlights
- 4‑Plex with potential for all units to be delivered vacant
- Separately metered units for ease of management
- Mix of bedroom/bathroom combinations to maximize rentability
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
$96,888
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
4.64%
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%
$1,937,760
$1.9M
Cap Rate 7%
$1,384,114
$1.4M
Cap Rate 9%
$1,076,533
$1.1M
Market Conditions
NOI Build-Up for 5,548 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
$149.8K $27.00/SF
− Vacancy
−$11.4K −$2.05/SF
EGI
$138.4K $24.95/SF
− OpEx
−$41.5K −$7.48/SF
NOI
$96.9K $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%
$1,937,760
Cap Rate 7%
$1,384,114
Cap Rate 9%
$1,076,533
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,888 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,272 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $207,926 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,175
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex near Main St and Atlantic Blvd with investment potential.
Where is this quadplex located?
The property is located at 213 S Atlantic Blvd Alhambra, CA.
What is the asking price?
The asking price for this property is $2,090,000.
What are key features of this property?
This property features: 4‑Plex with potential for all units to be delivered vacant; Separately metered units for ease of management; Mix of bedroom/bathroom combinations to maximize rentability
