Triplex With Two Detached
For Sale
$1,350,000
1600 S Atlantic Boulevard, Alhambra, CA 91803
Three-unit residential property with separate front and rear structures, multiple access points, and outdoor space for the rear units.
Property Size3,345 SF
Days on Market9
Property Features for 1600 S Atlantic Boulevard
General Information
Standard status
Active
Size
3,345 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$100,800
Multifamily Units
3
Building Details
Building Size
3,345 SF
Year Built
1922
Buildings
2
Listing Agency:
RE/MAX Premier Properties
Listed By:
RHEA BAI · License #01360246
(626) 589-7958
Source:
Archetyperealty
Added: Sep 4
Changed: Sep 11
Last Checked: Sep 12 at 7:38AM
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 RE/MAX Premier Properties
Investment Insights
Based on property information with market context.
This three-unit residential property includes two detached buildings on a corner site. The front structure is configured as a single-family residence, while the rear improvement is a two-story apartment building containing two additional units. The layout also includes a usable outdoor area associated with the rear building, along with parking and separate entry points.
Access is available from S. Atlantic Boulevard, W. Norwood Place, and the rear alley. The property carries two addresses: 1600 S. Atlantic Blvd. and 912 W. Norwood Pl. Its Alhambra setting places the property near shopping, restaurants, public transportation, and the I-10 Freeway. Built in 1922, the asset offers a distinct configuration for residential income use, with any future improvements, reconfiguration, or expansion subject to buyer verification and City approval.
Access is available from S. Atlantic Boulevard, W. Norwood Place, and the rear alley. The property carries two addresses: 1600 S. Atlantic Blvd. and 912 W. Norwood Pl. Its Alhambra setting places the property near shopping, restaurants, public transportation, and the I-10 Freeway. Built in 1922, the asset offers a distinct configuration for residential income use, with any future improvements, reconfiguration, or expansion subject to buyer verification and City approval.
Key Highlights
- Three residential units across two detached buildings
- Front building configured as a single‑family residence
- Rear building is a two‑story apartment property with two units
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
$58,416
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
4.33%
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%
$1,168,320
$1.2M
Cap Rate 7%
$834,514
$834.5K
Cap Rate 9%
$649,067
$649.1K
Market Conditions
NOI Build-Up for 3,345 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
$90.3K $27.00/SF
− Vacancy
−$6.9K −$2.05/SF
EGI
$83.5K $24.95/SF
− OpEx
−$25.0K −$7.48/SF
NOI
$58.4K $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%
$1,168,320
Cap Rate 7%
$834,514
Cap Rate 9%
$649,067
Alternative Uses
Best Use
Multifamily LT 5
$834.5K
$730.2K – $973.6K
NOI $58,416 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$768.9K
$672.8K – $897.1K
NOI $53,824 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,363 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,317
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with separate front and rear structures, multiple access points, and outdoor space for the rear units.
Where is this triplex located?
The property is located at 1600 S Atlantic Boulevard Alhambra, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three residential units across two detached buildings; Front building configured as a single‑family residence; Rear building is a two‑story apartment property with two units
