Four-Unit Multifamily
224 S Almansor, Alhambra, CA 91801
For Sale
$1,399,900
Corner-positioned residential income property with separate gas and electric metering for each unit.
Property Size2,824 SF
Days on Market52
Property Features for 224 S Almansor
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Units
Listed By:
Bo Jin
Source:
Elliman
Added: Sep 21
Changed: Nov 9
Last Checked: Nov 10 at 8:47AM
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 Bo Jin
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Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1938 and has separate gas and electric meters serving each unit. The configuration includes four distinct residential units and may accommodate an owner-occupant alongside rental units, as described in the property information.
The property is positioned at the corner of Almansor Street and East Commonwealth in Alhambra, within the Alhambra Unified School District. Alhambra Park, Almansor Golf Course, and the local YMCA are one block away. Main Street’s shopping, dining, and commercial offerings, along with local markets, banks, and a 24 Hour Fitness, are within walking distance. The area records a walk score of 81, a bike score of 51, and a transit score of 37.
The property is positioned at the corner of Almansor Street and East Commonwealth in Alhambra, within the Alhambra Unified School District. Alhambra Park, Almansor Golf Course, and the local YMCA are one block away. Main Street’s shopping, dining, and commercial offerings, along with local markets, banks, and a 24 Hour Fitness, are within walking distance. The area records a walk score of 81, a bike score of 51, and a transit score of 37.
Key Highlights
- Four‑unit multifamily property built in 1938
- Separate gas and electric meters for all 4 units
- Corner location at Almansor Street and East Commonwealth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,317
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,340
$986.3K
Cap Rate 7%
$704,529
$704.5K
Cap Rate 9%
$547,967
$548.0K
Market Conditions
NOI Build-Up for 2,824 SF
Gross rent
$76.2K $27.00/SF
− Vacancy
−$5.8K −$2.05/SF
EGI
$70.5K $24.95/SF
− OpEx
−$21.1K −$7.48/SF
NOI
$49.3K $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%
$986,340
Cap Rate 7%
$704,529
Cap Rate 9%
$547,967
Alternative Uses
Best Use
Multifamily LT 5
$704.5K
$616.5K – $822.0K
NOI $49,317 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$649.1K
$568.0K – $757.3K
NOI $45,440 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,837 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,119
Businesses Nearby
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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 Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Corner-positioned residential income property with separate gas and electric metering for each unit.
Where is this quadplex located?
The property is located at 224 S Almansor Alhambra, CA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1938; Separate gas and electric meters for all 4 units; Corner location at Almansor Street and East Commonwealth
