221 N Bushnell Ave, Alhambra, CA 91801

The offering consists of a campus-format multifamily property with 40 units arranged across four two-story, garden-style buildings. The buildings sit on a contiguous 1.27-acre site and include landscaped grounds with mature tree canopy, well-maintained landscaping, and open, grassed common areas. The unit mix is predominantly one-bedroom apartments.

The property is located in central Alhambra and presented as a neighborhood-oriented asset with an established residential feel. The campus is described as being minutes from the Metro A Line and providing direct freeway access to Downtown Los Angeles, Pasadena, and the broader San Gabriel Valley employment base. It is also described as within walking distance of the Atlantic and Garfield retail corridors, with Valley Boulevard moments away.

From an operating standpoint, the portfolio is characterized as having in-place rents below current market levels, with the strategy described as improving results through natural turnover rather than extensive capital outlay. The remarks also note there is no local rent stabilization ordinance, so each vacancy resets to full market rate under AB 1482 with no cap on new lease rates. For investors and operators seeking a 40-unit, campus-style multifamily asset in a well-situated Alhambra setting, 221 N Bushnell Avenue and 1620 Larch Street presents a single, consolidated acquisition with multiple buildings under one ownership structure.