30 N FIRST St Alhambra, CA 91801
- Added:
- Apr 12, 2026
- Days on Market:
- 18
- Last Refresh:
- Apr 12 at 5:57 am
Property Features for 30 N FIRST St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing agent Lisa Pimentel License #01745013
Listing office Century 21 Citrus Realty, INC (909) 592-8500
Listing date Apr 12, 2026
Source Elliman
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 Century 21 Citrus Realty, INC
Overview
36-Unit Multifamily Asset in Alhambra
This 36-unit multifamily property is located in downtown Alhambra. The property is positioned for immediate Net Operating Income (NOI) expansion through lease-up and expense normalization. Transitioning from a 2025 operational reset, the property is moving towards stabilized performance following strategic capital improvements and lease-up activity. In 2025, the property had a 25.89% vacancy rate and generated $238,588 in Net Operating Income, yielding a 3.29% cap rate. The current occupancy is 94%, with a pro forma cap rate of 5.01% based on this occupancy. As of April 1, 2026, the vacancy has been reduced to 2 units. One unit is currently configured as office space but has the option to convert to a 1-bedroom unit. The property includes 26.5 off-street covered parking spaces, with 0.5 spaces designated for motorcycle parking. On-street parking is available from the city for $70 per year per space. On-site laundry facilities are provided, with machines maintained by WASH, who pays the owner a percentage of the monthly revenue. There are 3 washing machines and 3 dryers on the property. The property has a bike score of 49, indicating it is somewhat bikeable, a walk score of 93, indicating it is a walker's paradise, and a transit score of 48, indicating some transit options are available.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Alhambra
- County
- Los Angeles
- State
- California
- Longitude
- -118.1282615
- Latitude
- 34.0957543
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Downtown Alhambra property with immediate NOI expansion potential.
Where is this apartment building located?
The property is located at 30 N FIRST St Alhambra, CA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Immediate NOI expansion opportunity through lease‑up and expense normalization.; High walk score of 93, a 'Walker's Paradise' location.; Current occupancy at 94% with only 2 vacant units.
