Seven-Unit Craftsman Cottage
201 N Atlantic Boulevard Alhambra, CA 91801
For Sale
$2,100,000
Seven standalone single-story Craftsman cottage units in a garden-style community, built in 1928 and fully leased.
Property Size5,100 SF
Price / SF$411.76
Days on Market197
Property Features for 201 N Atlantic Boulevard
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1928
Listing Agency:
(949) 707-4400
Listed By:
Regency Real Estate Brokers
Source:
Xome
Added: Jan 8
Changed: Jul 23
Last Checked: Jul 24 at 5:09AM
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 Regency Real Estate Brokers
Investment Insights
Based on property information with market context.
A seven-unit Craftsman cottage-style multifamily property featuring individual, standalone single-story units within a garden-style community setting. Built in 1928, the property consists of seven separate cottage units and is reported to be fully leased, creating immediate income at acquisition.
The property is located at 201 N Atlantic Boulevard in Alhambra, positioned centrally to South Pasadena, San Marino, and San Gabriel. The community sits on an approximately 16,000-square-foot lot (about one-third of an acre).
This is a straightforward, single-building multifamily asset with seven individual units and a long-established Craftsman-era character.
The property is located at 201 N Atlantic Boulevard in Alhambra, positioned centrally to South Pasadena, San Marino, and San Gabriel. The community sits on an approximately 16,000-square-foot lot (about one-third of an acre).
This is a straightforward, single-building multifamily asset with seven individual units and a long-established Craftsman-era character.
Key Highlights
- Seven‑unit Craftsman‑style multifamily with individual, standalone single‑story cottage units
- Built in 1928 and set in a garden‑style community
- 16,000 SF lot (about 1/3 acre)
Financial Insights For Apartment 5plus
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 | $162.2k | $31.80 |
| − Vacancy | −$13.0k | −$2.54 |
| EGI | $149.2k | $29.26 |
| − OpEx | −$67.1k | −$13.17 |
| NOI | $82.1k | $16.09 |
5,100 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,063 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,136 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Seven standalone single-story Craftsman cottage units in a garden-style community, built in 1928 and fully leased.
Where is this apartment building located?
The property is located at 201 N Atlantic Boulevard Alhambra, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Seven‑unit Craftsman‑style multifamily with individual, standalone single‑story cottage units; Built in 1928 and set in a garden‑style community; 16,000 SF lot (about 1/3 acre)
