Alhambra 5-Unit Investment
For Sale
$1,799,000
Pending
1342 Edgewood, Alhambra, CA 91803
Prime Alhambra 5-unit property near Cal State LA.
Property Size4,422 SF
Lot Size0.15 Acres
Days on Market358
Property Features for 1342 Edgewood
General Information
Standard status
Pending
Size
4,422 SF
Lot size
0.15 Acres
Property subtype
Apartment
Building Details
Building Size
4,422 SF
Year Built
1979
Listing Agency:
Mystic Canyon Real Estate
Listed By:
Stacy Dover · License #01768476
Source:
Archetyperealty
Added: Oct 25, 2025
Changed: Oct 3
Last Checked: Oct 16 at 3:25PM
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 Mystic Canyon Real Estate
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Investment Insights
Based on property information with market context.
This 5-unit income property is located north of the 10 freeway in Alhambra. The property contains 4,422 sq. ft. of total living space on a 6,615 sq. ft. lot. The unit mix consists of four 2-bed/2-bath units and one 1-bed/1-bath unit, totaling 9 bedrooms and 9 bathrooms. Each unit includes on-site parking. An on-site laundry room with owner-operated machines provides additional income potential and tenant convenience. The complex is conveniently close to Cal State LA, local schools, shopping, dining, and major employment hubs in Downtown Alhambra, Pasadena, and Downtown Los Angeles. This Alhambra property presents an opportunity to acquire a turnkey asset.
Key Highlights
- Prime 5‑unit investment property in a desirable Alhambra location north of the 10 freeway.
- High rental demand due to proximity to Cal State LA, schools, shopping, dining, and employment hubs.
- Features four 2‑bed/2‑bath units and one 1‑bed/1‑bath unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,154
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,423,080
$1.4M
Cap Rate 7%
$1,016,486
$1.0M
Cap Rate 9%
$790,600
$790.6K
Market Conditions
NOI Build-Up for 4,422 SF
Gross rent
$140.6K $31.80/SF
− Vacancy
−$11.2K −$2.54/SF
EGI
$129.4K $29.26/SF
− OpEx
−$58.2K −$13.17/SF
NOI
$71.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,423,080
Cap Rate 7%
$1,016,486
Cap Rate 9%
$790,600
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$889.4K – $1.19M
NOI $71,154 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,727 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Apartment building - Prime Alhambra 5-unit property near Cal State LA.
Where is this apartment building located?
The property is located at 1342 Edgewood Alhambra, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Prime 5‑unit investment property in a desirable Alhambra location north of the 10 freeway.; High rental demand due to proximity to Cal State LA, schools, shopping, dining, and employment hubs.; Features four 2‑bed/2‑bath units and one 1‑bed/1‑bath unit.
