Residential Duplex with Bonus
For Sale
$1,200,000
Pending
3215 Sherwood AVE, Alhambra, CA 91801
Duplex with two separately metered units, enclosed four-car garage, and additional exterior parking plus a bonus studio.
Property Size2,498 SF
Lot Size0.22 Acres
Days on Market283
Property Features for 3215 Sherwood AVE
General Information
Standard status
Pending
Size
2,498 SF
Total Parking Spaces
7
Lot size
0.22 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Sierra Vista
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,833
Building Details
Building Size
2,498 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Engel & Volkers Pasadena
Listed By:
Gary Frueholz · License #01149526
(626) 318-9436
Source:
Milsteinestates
Added: Jan 16
Changed: Oct 25
Last Checked: Oct 25 at 1:02AM
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 Engel & Volkers Pasadena
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Investment Insights
Based on property information with market context.
This duplex on a large lot features two separate residences with distinct backyards separated by a wall, along with an enclosed four-car garage and three additional exterior parking spaces. The units are separately metered for electricity and gas.
The front residence includes a remodeled kitchen and full bathroom, laminate flooring, a spacious living room with fireplace, a dining room, a den/office that could function as a third bedroom, and a separate laundry room with washer and dryer hookups. Mini-split HVAC is provided in each bedroom, and the home includes an alcove reading room, a walk-in closet, and attic fan ventilation. The rear residence offers an enclosed backyard setting with shade trees, three bedrooms on the second story, two full bathrooms, a large living room with vaulted ceiling and built-in bookshelves, and numerous windows. It also includes HVAC, a kitchen with spacious counters, and a covered patio adjacent to the front door. A bonus studio unit is also included.
The front residence includes a remodeled kitchen and full bathroom, laminate flooring, a spacious living room with fireplace, a dining room, a den/office that could function as a third bedroom, and a separate laundry room with washer and dryer hookups. Mini-split HVAC is provided in each bedroom, and the home includes an alcove reading room, a walk-in closet, and attic fan ventilation. The rear residence offers an enclosed backyard setting with shade trees, three bedrooms on the second story, two full bathrooms, a large living room with vaulted ceiling and built-in bookshelves, and numerous windows. It also includes HVAC, a kitchen with spacious counters, and a covered patio adjacent to the front door. A bonus studio unit is also included.
Key Highlights
- Duplex on a 9,461 SF lot with two separate residences and a bonus studio unit
- Two units have separate electric and gas meters
- Enclosed four‑car garage plus three additional exterior parking spaces for off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,624
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,480
$872.5K
Cap Rate 7%
$623,200
$623.2K
Cap Rate 9%
$484,711
$484.7K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$67.4K $27.00/SF
− Vacancy
−$5.1K −$2.05/SF
EGI
$62.3K $24.95/SF
− OpEx
−$18.7K −$7.48/SF
NOI
$43.6K $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%
$872,480
Cap Rate 7%
$623,200
Cap Rate 9%
$484,711
Alternative Uses
Best Use
Multifamily LT 5
$623.2K
$545.3K – $727.1K
NOI $43,624 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$574.2K
$502.4K – $669.9K
NOI $40,195 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,619 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
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Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Duplex with two separately metered units, enclosed four-car garage, and additional exterior parking plus a bonus studio.
Where is this triplex located?
The property is located at 3215 Sherwood AVE Alhambra, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Duplex on a 9,461 SF lot with two separate residences and a bonus studio unit; Two units have separate electric and gas meters; Enclosed four‑car garage plus three additional exterior parking spaces for off‑street parking
