8-Unit Apartment
New
For Sale
$2,980,000
Pending
2121 El Paseo, Alhambra, CA 91803
The fully occupied property is zoned ALRPD* and contains eight apartments.
Property Size7,389 SF
Days on Market6
Property Features for 2121 El Paseo
General Information
Standard status
Pending
Size
7,389 SF
Property subtype
Residential Income
Zoning
ALRPD*
Occupancy
100%
Site & Location
Neighborhood
Shorb
Additional Details
Multifamily Units
8
Tenant in Place
Yes
Amenities
1
true
2+ Common Walls
3
Electric Dryer Hookup,Gas Dryer Hookup
Family Room,Living Room
6-10 Units/Acre,Sprinkler System
false
Public
12162
8
0.2792
Assessor
7389
9
Building Details
Building Size
7,389 SF
Year Built
1989
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Boulder Realty Inc
(213) 595-4849
Listed By:
Qing Song Huang · License #02051665
(626) 447-5100
Source:
Bausley-realty
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 4 at 6:07AM
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 Boulder Realty Inc
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Investment Insights
Based on property information with market context.
At 2121 El Paseo in Alhambra, this apartment property contains eight units in a 7,389-square-foot building constructed in 1989. The property is fully leased, with tenants current under their leases, and carries the ALRPD* zoning designation.
Key Highlights
- Eight apartment units
- 7,389‑square‑foot building
- Fully leased; tenants are current under their leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,895
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,377,900
$2.4M
Cap Rate 7%
$1,698,500
$1.7M
Cap Rate 9%
$1,321,056
$1.3M
Market Conditions
NOI Build-Up for 7,389 SF
Gross rent
$235.0K $31.80/SF
− Vacancy
−$18.8K −$2.54/SF
EGI
$216.2K $29.26/SF
− OpEx
−$97.3K −$13.17/SF
NOI
$118.9K $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%
$2,377,900
Cap Rate 7%
$1,698,500
Cap Rate 9%
$1,321,056
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $118,895 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $276,923 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
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
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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 - The fully occupied property is zoned ALRPD* and contains eight apartments.
Where is this apartment building located?
The property is located at 2121 El Paseo Alhambra, CA.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: Eight apartment units; 7,389‑square‑foot building; Fully leased; tenants are current under their leases
