5-Unit Apartment
For Sale
$2,595,000
241 S Curtis Avenue, Alhambra, CA 91801
Separately metered units support straightforward utility allocation across this multifamily property.
Property Size5,789 SF
Days on Market66
Property Features for 241 S Curtis Avenue
General Information
Standard status
Active
Size
5,789 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 2BR/2.5BA, 3 x 2BR/2BA
Multifamily Units
5
Building Details
Building Size
5,789 SF
Year Built
1979
Listing Agency:
TSE REALTY & MANAGEMENT SERVIC
Listed By:
YVONNE MATLOFF · License #00908463
(626) 823-8303
Source:
Velocityrealtysd
Added: Aug 18
Changed: Oct 9
Last Checked: Oct 21 at 6:37AM
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 TSE REALTY & MANAGEMENT SERVIC
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Investment Insights
Based on property information with market context.
This five-unit apartment property, built in 1979, includes a front residence with four bedrooms, two and one-half baths, and a two-car garage. The remaining units comprise one two-bedroom, two and one-half bath layout and three two-bedroom, two-bath layouts. Reported unit sizes range from 886 SF to 1,498 SF. Electricity and gas are separately metered for each unit.
The property is located at 241 S Curtis Avenue in Alhambra, near Alhambra Shopping Plaza, Main Street, Costco, City Hall, schools, markets, and restaurants. Freeway 10 and Freeway 101 are accessible from the area. Alhambra does not have a local city rent control ordinance.
The property is located at 241 S Curtis Avenue in Alhambra, near Alhambra Shopping Plaza, Main Street, Costco, City Hall, schools, markets, and restaurants. Freeway 10 and Freeway 101 are accessible from the area. Alhambra does not have a local city rent control ordinance.
Key Highlights
- Five‑unit apartment complex with a 1979 construction year
- Front unit includes four bedrooms, two and one‑half baths, 1,498 SF, and a two‑car garage
- Unit mix includes one two‑bedroom, two and one‑half bath unit and three two‑bedroom, two‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,150
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,000
$1.9M
Cap Rate 7%
$1,330,714
$1.3M
Cap Rate 9%
$1,035,000
$1.0M
Market Conditions
NOI Build-Up for 5,789 SF
Gross rent
$184.1K $31.80/SF
− Vacancy
−$14.7K −$2.54/SF
EGI
$169.4K $29.26/SF
− OpEx
−$76.2K −$13.17/SF
NOI
$93.1K $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%
$1,863,000
Cap Rate 7%
$1,330,714
Cap Rate 9%
$1,035,000
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,150 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $216,959 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,761
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Separately metered units support straightforward utility allocation across this multifamily property.
Where is this apartment building located?
The property is located at 241 S Curtis Avenue Alhambra, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Five‑unit apartment complex with a 1979 construction year; Front unit includes four bedrooms, two and one‑half baths, 1,498 SF, and a two‑car garage; Unit mix includes one two‑bedroom, two and one‑half bath unit and three two‑bedroom, two‑bath units
