Five-Unit Apartment
New
For Sale
$2,500,000
2608 W Alhambra RD, Alhambra, CA 91801
Gated residential property combines varied two- and three-bedroom layouts with central air conditioning and washer and dryer hookups.
Property Size4,493 SF
Lot Size0.18 Acres
Days on Market7
Property Features for 2608 W Alhambra RD
General Information
Standard status
Active
Size
4,493 SF
Net Rentable
4,493 SF
Lot size
0.18 Acres
Property subtype
Apartment
Units
Unit Mix
4 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
5
Additional Details
Highway Access
Yes
Amenities
wood-like flooring
vertical blinds
central air conditioning
updated kitchen
refrigerator
gas range
range hood
en-suite bathrooms
large sliding closets
washer and dryer hookups
controlled access
lush mature landscaping
private balcony at the front entrance
ground-level two-car garages
ample street parking
Building Details
Building Size
4,493 SF
Year Built
1987
Buildings
1
Stories
3
Listing Agency:
CB RICHARD ELLIS
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Milsteinestates
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 21 at 4:19AM
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 CB RICHARD ELLIS
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Investment Insights
Based on property information with market context.
Built in 1987, this three-story apartment building contains five residences above ground-level garages. The 4,493-square-foot rentable area includes four two-bedroom, two-bathroom units and one three-bedroom, two-bathroom unit, averaging 899 square feet per residence. Unit features include wood-like flooring, vertical blinds, central air conditioning, updated kitchens with refrigerators, gas ranges and range hoods, and washer and dryer hookups. The two-bedroom layouts have en-suite bathrooms, and each residence includes closet storage.
Controlled access and mature landscaping serve the gated property. A private balcony marks the front entrance, while ground-level two-car garages and street parking provide parking options. The property occupies an approximately 7,900-square-foot lot at 2608 W Alhambra Road in Alhambra, California. It is within reach of the 10, 710 and 60 Freeways, Cal State LA, the USC Health Sciences Campus, Downtown Alhambra and Pasadena.
Controlled access and mature landscaping serve the gated property. A private balcony marks the front entrance, while ground-level two-car garages and street parking provide parking options. The property occupies an approximately 7,900-square-foot lot at 2608 W Alhambra Road in Alhambra, California. It is within reach of the 10, 710 and 60 Freeways, Cal State LA, the USC Health Sciences Campus, Downtown Alhambra and Pasadena.
Key Highlights
- Five residences: four two‑bedroom, two‑bathroom units and one three‑bedroom, two‑bathroom unit
- 4,493 square feet of rentable area; average unit size is 899 square feet
- Three‑story building constructed in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,296
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,920
$1.4M
Cap Rate 7%
$1,032,800
$1.0M
Cap Rate 9%
$803,289
$803.3K
Market Conditions
NOI Build-Up for 4,493 SF
Gross rent
$142.9K $31.80/SF
− Vacancy
−$11.4K −$2.54/SF
EGI
$131.4K $29.26/SF
− OpEx
−$59.2K −$13.17/SF
NOI
$72.3K $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%
$1,445,920
Cap Rate 7%
$1,032,800
Cap Rate 9%
$803,289
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$903.7K – $1.20M
NOI $72,296 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.10M – $2.81M
NOI $168,387 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
855
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Gated residential property combines varied two- and three-bedroom layouts with central air conditioning and washer and dryer hookups.
Where is this apartment building located?
The property is located at 2608 W Alhambra RD Alhambra, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Five residences: four two‑bedroom, two‑bathroom units and one three‑bedroom, two‑bathroom unit; 4,493 square feet of rentable area; average unit size is 899 square feet; Three‑story building constructed in 1987
