Single-Level
New
For Sale
$850,000
2024 S 6th St, Alhambra, CA 91803
Residential Income, Traditional, Alhambra, CA
Property Size1,440 SF
Lot Size0.14 Acres
Price / SF$590.28
Days on Market2
Property Features for 2024 S 6th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ALRPD*
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Garage
Appliances
Range
Lot features
Front Yard, Street Paved
Directions
East of Atlantic, west of Garfield. Cross street: Hellman.
Subdivision
Alhambra
Standard status
Active
APN
5256-005-035
Size
1,440 SF
Lot size
0.14 Acres
Utilities
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Compass
(626) 205-4040
Listed By:
Ali Nahle · License #01988178
(818) 987-6490
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 20 at 2:06PM
MLS# 26989845
Copyright © 2026 The MLS/CLAW. 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 Alhambra duplex contains two single-level residences, each with 2 bedrooms and 1 bathroom, for approximately 1,440 square feet of living area. The property sits on an approximately 5,968-square-foot lot and was built in 1957. Laminate flooring, wall-unit cooling, range appliances, public water, and shingle and composition roofing are among the noted features.
Both homes are occupied under month-to-month agreements, and separate gas and electric meters provide individual utility service. Two detached one-car garages offer on-site parking and may warrant review for future improvements, including possible ADU conversion. Any ADU plans, permitted uses, and development requirements must be verified with the City of Alhambra. The property is located at 2024 S 6th Street in Alhambra, California.
Both homes are occupied under month-to-month agreements, and separate gas and electric meters provide individual utility service. Two detached one-car garages offer on-site parking and may warrant review for future improvements, including possible ADU conversion. Any ADU plans, permitted uses, and development requirements must be verified with the City of Alhambra. The property is located at 2024 S 6th Street in Alhambra, California.
Key Highlights
- Two 2‑bedroom, 1‑bath residences with a single‑level layout
- Approximately 1,440 square feet on an approximately 5,968‑square‑foot lot
- Built in 1957
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
$25,148
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
2.96%
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%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 1,440 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
$38.9K $27.00/SF
− Vacancy
−$3.0K −$2.05/SF
EGI
$35.9K $24.95/SF
− OpEx
−$10.8K −$7.48/SF
NOI
$25.1K $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%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$331.0K
$289.6K – $386.2K
NOI $23,171 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$771.0K
$674.6K – $899.5K
NOI $53,968 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,507
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences with separate gas and electric meters support practical utility management.
Where is this duplex located?
The property is located at 2024 S 6th St Alhambra, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences with a single‑level layout; Approximately 1,440 square feet on an approximately 5,968‑square‑foot lot; Built in 1957
