Spanish-Style
215 S Meridian, Alhambra, CA 91801
For Sale
New
$1,100,000
A main residence and separate living unit provide a two-part residential configuration.
Property Size2,486 SF
Days on Market4
Property Features for 215 S Meridian
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Construction
Listing Agency:
ALLIANCE REALTY KINGDOM INC.
Listed By:
BEN SITU · License #01857207
(626) 251-7817
Source:
Milsteinestates
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:08PM
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 ALLIANCE REALTY KINGDOM INC.
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Investment Insights
Based on property information with market context.
Built in 1925, this Spanish-style duplex comprises a principal residence and a separate unit with its own garage. Original architectural character is noted in the property description.
The property has access to the 10, 210, and 710 freeways.
The property has access to the 10, 210, and 710 freeways.
Key Highlights
- Spanish‑style duplex built in 1925
- Main residence plus a separate unit
- Separate unit has its own garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,415
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,300
$868.3K
Cap Rate 7%
$620,214
$620.2K
Cap Rate 9%
$482,389
$482.4K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$67.1K $27.00/SF
− Vacancy
−$5.1K −$2.05/SF
EGI
$62.0K $24.95/SF
− OpEx
−$18.6K −$7.48/SF
NOI
$43.4K $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 Rate 5%
$868,300
Cap Rate 7%
$620,214
Cap Rate 9%
$482,389
Alternative Uses
Best Use
Multifamily LT 5
$620.2K
$542.7K – $723.6K
NOI $43,415 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$571.5K
$500.0K – $666.7K
NOI $40,002 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,170 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Los Angeles County, CA
Properties on Market for Duplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A main residence and separate living unit provide a two-part residential configuration.
Where is this duplex located?
The property is located at 215 S Meridian Alhambra, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Spanish‑style duplex built in 1925; Main residence plus a separate unit; Separate unit has its own garage
