13-Unit Apartment
3111 W Ramona Road, Alhambra, CA 91803
For Sale
$3,700,000
The property includes carport parking, on-site storage, and updated roof and electrical components.
Property Size11,778 SF
Price / SF$314.15
Days on Market13
Property Features for 3111 W Ramona Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Highway Access
Multifamily Units
Tenant in Place
Amenities
on-site storage
13
2
18
Ceiling Fan(s)
11256
11
0.2584
Carport
11778
1
Building Details
Building Size
Year Built
Stories
Listing Agency:
Seth Polen
(213) 595-5726
Listed By:
Seth Polen
(626) 204-3300
Source:
Bausley-realty
Added: Oct 30
Changed: Nov 10
Last Checked: Nov 10 at 7:36PM
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 Seth Polen
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Investment Insights
Based on property information with market context.
Built in 1954, this 13-unit apartment property contains 11,778 square feet. Recent work includes a newer roof and updated electrical panels. The property also has 11 carports and on-site storage, with a unit mix that includes ceiling fans.
The building is in Alhambra, near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Its zoning designation is ALRPD*.
The building is in Alhambra, near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Its zoning designation is ALRPD*.
Key Highlights
- 13‑unit apartment property with 11,778 square feet
- 11 carports and on‑site storage
- Newer roof and updated electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,517
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,790,340
$3.8M
Cap Rate 7%
$2,707,386
$2.7M
Cap Rate 9%
$2,105,744
$2.1M
Market Conditions
NOI Build-Up for 11,778 SF
Gross rent
$374.5K $31.80/SF
− Vacancy
−$30.0K −$2.54/SF
EGI
$344.6K $29.26/SF
− OpEx
−$155.1K −$13.17/SF
NOI
$189.5K $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%
$3,790,340
Cap Rate 7%
$2,707,386
Cap Rate 9%
$2,105,744
Alternative Uses
Best Use
Apartment 5plus
$2.71M
$2.37M – $3.16M
NOI $189,517 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,413 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
467
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
Properties on Market for Apartment buildings in Alhambra
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes carport parking, on-site storage, and updated roof and electrical components.
Where is this apartment building located?
The property is located at 3111 W Ramona Road Alhambra, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 13‑unit apartment property with 11,778 square feet; 11 carports and on‑site storage; Newer roof and updated electrical panels
