Six-Unit Apartment
For Sale
Contact for pricing
2445 Winthrop Dr, Alhambra, CA 91803
All residences feature a one-bedroom layout within a fully occupied multifamily asset.
Property Size3,600 SF
Lot Size0.15 Acres
Price / SF$386.11
Days on Market9
Property Features for 2445 Winthrop Dr
General Information
Standard status
Active
Size
3,600 SF
Class
C
Total Parking Spaces
6
Lot size
0.15 Acres
Property subtype
Multifamily
Zoning
ALRPD
Occupancy
100%
Net Operating Income
$60,078
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Additional Details
Asking Price
$1,390,000
Highway Access
Yes
Building Details
Year Built
1956
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
Seth Polen Real Estate
Listed By:
Seth Polen · License #CA DRE# 01133279
Source:
Crexi
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 2:43AM
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 Seth Polen Real Estate
Investment Insights
Based on property information with market context.
This multifamily property contains six apartment units, each configured as a one-bedroom residence. The building was constructed in 1956 and provides approximately 3,600 square feet of improvements. It occupies a 6,536-square-foot corner lot and is identified under ALRPD zoning. Current occupancy is reported at 100 percent.
The property is in Alhambra, California, in the west San Gabriel Valley submarket. Its setting is adjacent to Cal State LA and Interstate 710, providing proximity to both an established educational institution and a regional freeway connection. The consistent one-bedroom unit mix and fully occupied status define the existing residential configuration.
The property is in Alhambra, California, in the west San Gabriel Valley submarket. Its setting is adjacent to Cal State LA and Interstate 710, providing proximity to both an established educational institution and a regional freeway connection. The consistent one-bedroom unit mix and fully occupied status define the existing residential configuration.
Key Highlights
- Six apartment units with an all one‑bedroom unit mix
- Approximately 3,600 square feet of improvements
- 6,536‑square‑foot corner lot
Financial Insights For Apartment 5plus
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 | $114.5k | $31.80 |
| − Vacancy | −$9.2k | −$2.54 |
| EGI | $105.3k | $29.26 |
| − OpEx | −$47.4k | −$13.17 |
| NOI | $57.9k | $16.09 |
3,600 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$827.5K
$724.1K – $965.5K
NOI $57,927 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,920 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,188
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?
Apartment building - All residences feature a one-bedroom layout within a fully occupied multifamily asset.
Where is this apartment building located?
The property is located at 2445 Winthrop Dr Alhambra, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Six apartment units with an all one‑bedroom unit mix; Approximately 3,600 square feet of improvements; 6,536‑square‑foot corner lot
