Four-Unit Multifamily with Carport
For Sale
$1,048,000
2721 S Fremont, Alhambra, CA 91803
Well-maintained quadplex with four 1-bedroom units, updated 2025 plumbing, and assigned carport parking for each home.
Property Size2,230 SF
Days on Market106
Property Features for 2721 S Fremont
General Information
Standard status
Active
Size
2,230 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
2,230 SF
Year Built
1950
Listing Agency:
Art Del Rey Realty, Inc.
Listed By:
Pamela DelRey · License #00864033
(626) 358-4560
Source:
Archetyperealty
Added: Jun 29
Changed: Oct 10
Last Checked: Oct 11 at 11:07AM
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 Art Del Rey Realty, Inc.
Investment Insights
Based on property information with market context.
This four-unit multifamily property features four 1-bedroom, 1-bath layouts. Each unit has gravity floor heating and carpet and linoleum flooring, with original hardwood floors noted underneath the carpet in the living rooms and bedrooms. Included appliances are four gas stoves, one refrigerator, and one window air conditioning unit. For parking and storage, the property provides four on-site carport parking spaces, one assigned to each unit, along with two private storage rooms attached to the carport. Low-maintenance landscaping includes an automatic sprinkler system. Recent improvements include updated plumbing throughout all four units in 2025, along with exterior updates completed in 2024 including fresh exterior paint, a new wood perimeter fence, and a resurfaced driveway.
Located in the City of Alhambra, the property offers convenient access to major employment centers, universities, medical facilities, shopping, dining, and entertainment. It is described as being near key freeway routes, including I-10, I-710, SR-60, and I-5, with nearby proximity to Downtown Los Angeles, Cal State LA, USC, and the USC Medical Center. Additional nearby communities identified in the remarks include Monterey Park, Pasadena, and Arcadia.
For investors or operators seeking a small residential income asset, the property’s four separate units and assigned parking can support day-to-day tenant needs. The seller also notes stable rental income and long-term tenancy, with meaningful capital improvements already completed through 2024 and 2025.
Located in the City of Alhambra, the property offers convenient access to major employment centers, universities, medical facilities, shopping, dining, and entertainment. It is described as being near key freeway routes, including I-10, I-710, SR-60, and I-5, with nearby proximity to Downtown Los Angeles, Cal State LA, USC, and the USC Medical Center. Additional nearby communities identified in the remarks include Monterey Park, Pasadena, and Arcadia.
For investors or operators seeking a small residential income asset, the property’s four separate units and assigned parking can support day-to-day tenant needs. The seller also notes stable rental income and long-term tenancy, with meaningful capital improvements already completed through 2024 and 2025.
Key Highlights
- Four‑unit multifamily property built in 1950 with four 1‑bedroom, 1‑bath units
- Updated plumbing throughout all four units completed in 2025
- Assigned carport parking: four total carport spaces (one per unit) plus two private storage rooms attached to the carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,944
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,880
$778.9K
Cap Rate 7%
$556,343
$556.3K
Cap Rate 9%
$432,711
$432.7K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$60.2K $27.00/SF
− Vacancy
−$4.6K −$2.05/SF
EGI
$55.6K $24.95/SF
− OpEx
−$16.7K −$7.48/SF
NOI
$38.9K $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%
$778,880
Cap Rate 7%
$556,343
Cap Rate 9%
$432,711
Alternative Uses
Best Use
Multifamily LT 5
$556.3K
$486.8K – $649.1K
NOI $38,944 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$512.6K
$448.5K – $598.0K
NOI $35,882 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,575 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
569
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with four 1-bedroom units, updated 2025 plumbing, and assigned carport parking for each home.
Where is this quadplex located?
The property is located at 2721 S Fremont Alhambra, CA.
What is the asking price?
The asking price for this property is $1,048,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1950 with four 1‑bedroom, 1‑bath units; Updated plumbing throughout all four units completed in 2025; Assigned carport parking: four total carport spaces (one per unit) plus two private storage rooms attached to the carport
