Quadplex Property with Two
For Sale
$2,280,000
2205 W Ramona Road, Alhambra, CA 91803
Two four-plex buildings totaling eight two-bedroom units, fully occupied, with individual water heaters and laundry hookups.
Days on Market77
Property Features for 2205 W Ramona Road
General Information
Standard status
Active
Property subtype
Apartment
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
Individual water heater in the unit
Laundry Hook up for Each Unit
Building Details
Building Size
7,112 SF
Year Built
1946
Buildings
2
Tenancy
Multi
Listing Agency:
IRN Realty
(626) 327-4881
Listed By:
Yeou-Shu Wang · License #01055458
Source:
Archetyperealty
Added: May 17
Changed: Jul 30
Last Checked: Jul 31 at 11:35AM
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 IRN Realty
Investment Insights
Based on property information with market context.
This quadplex property features two separate four-plex buildings totaling eight units. Each unit is a two-bedroom, one-bath layout. The property was built in 1946 and is currently fully occupied, supporting an immediately stabilized setup for an owner seeking straightforward multifamily management.
Residents benefit from individual water heaters in each unit. Laundry hook-ups are provided for each unit, supporting day-to-day convenience without requiring shared facilities. The property also includes four double car garages and ample on-site parking.
Convenient access is a strong practical factor, with Easy access to Freeway 10. The area is described as being near California State University Los Angeles and Downtown LA, offering tenant demand drivers tied to nearby employment and higher education.
Residents benefit from individual water heaters in each unit. Laundry hook-ups are provided for each unit, supporting day-to-day convenience without requiring shared facilities. The property also includes four double car garages and ample on-site parking.
Convenient access is a strong practical factor, with Easy access to Freeway 10. The area is described as being near California State University Los Angeles and Downtown LA, offering tenant demand drivers tied to nearby employment and higher education.
Key Highlights
- Two four‑plex buildings totaling eight two‑bedroom, one‑bath units
- Fully occupied
- Individual water heater in each unit
Financial Insights For Multifamily LT 5
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 | $192.0k | $27.00 |
| − Vacancy | −$14.6k | −$2.05 |
| EGI | $177.4k | $24.95 |
| − OpEx | −$53.2k | −$7.48 |
| NOI | $124.2k | $17.46 |
7,112 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $124,201 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$1.63M
$1.43M – $1.91M
NOI $114,438 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,542 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,280
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two four-plex buildings totaling eight two-bedroom units, fully occupied, with individual water heaters and laundry hookups.
Where is this quadplex located?
The property is located at 2205 W Ramona Road Alhambra, CA.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Two four‑plex buildings totaling eight two‑bedroom, one‑bath units; Fully occupied; Individual water heater in each unit
