36-Unit Apartment Building with Office
30 N FIRST STREET St Alhambra, CA 91801
30 N FIRST STREET St, Alhambra, CA, 91801
$6,425,000
For Sale
$6,425,000
Downtown Alhambra multifamily with covered off-street parking and on-site laundry services.
Days on Market78
Property Features for 30 N FIRST STREET St
General Information
- Standard status
- Active
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1956
Listing agency
CENTURY 21 CITRUS REALTY INC
(626) 391-2149
Listed by
Lisa Pimentel · License #01745013
(626) 391-2149
Source
Exitrealty
Added: May 5 Updated: Jul 10 at 2:06PM Checked: Jul 21 at 5:04AM
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Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 36‑unit multifamily asset in downtown Alhambra; 94% current occupancy with vacancy reduced to 2 units as of April 1, 2026
- 2025 results: 25.89% vacancy and $238,588 Net Operating Income; 3.29% cap rate reported
- Pro forma based on current occupancy: 5.01% cap rate
Property Analytics
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FAQs
What type of property is this?
Apartment building - Downtown Alhambra multifamily with covered off-street parking and on-site laundry services.
Where is this apartment building located?
The property is located at 30 N FIRST STREET St Alhambra, CA.
What is the asking price?
The asking price for this property is $6,425,000.
What are key features of this property?
This property features: 36‑unit multifamily asset in downtown Alhambra; 94% current occupancy with vacancy reduced to 2 units as of April 1, 2026; 2025 results: 25.89% vacancy and $238,588 Net Operating Income; 3.29% cap rate reported; Pro forma based on current occupancy: 5.01% cap rate
