30 N FIRST STREET St, Alhambra, CA 91801

The property is a 36-unit apartment building. One unit is currently configured as office space, with the option to convert to a 1-bedroom, giving the buyer flexibility in unit mix. Parking includes 26.5 off-street covered spaces, with 0.5 designated motorcycle parking. On-site laundry is provided with machines supplied by WASH, which maintains the equipment and pays the owner a percentage of monthly revenue; the property has 3 washing machines and 3 dryers.

Operationally, the property is in the midst of a transition into stabilized performance following a 2025 operational reset and lease-up. In 2025, vacancy was 25.89% with $238,588 in net operating income and a reported 3.29% cap rate. Current occupancy is 94%, and the pro forma cap rate based on current occupancy is 5.01%. As of April 1, 2026, vacancy has been reduced to 2 units. Additional parking is also available on-street through the city for $70 per year per space.

For buyers and operators, the combination of residential units, an adaptable office/flex unit, and established on-site laundry services may support an active lease-up and expense normalization strategy. The current occupancy and recent reduction in vacancy provide a clear snapshot of in-place improvements and ongoing stabilization efforts. The covered off-street parking allocation and availability of paid on-street spaces can also help support day-to-day tenant convenience.