Duplex with Converted Garage Living
For Sale
$908,000
405 E Ramona, Alhambra, CA 91801
Two one-bedroom residences include a garage conversion and updates to major building systems.
Property Size1,485 SF
Price / SF$611.45
Days on Market82
Property Features for 405 E Ramona
General Information
Standard status
Active
Size
1,485 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA (670 sqft), 1 x 1BR/2BA (815 sqft)
Multifamily Units
2
Building Details
Building Size
1,485 SF
Year Built
1947
Listing Agency:
RE/MAX TOP PRODUCERS
(909) 378-6812
Listed By:
Windi Lau · License #01711339
(909) 590-8853
Source:
Bellprop
Added: Aug 7
Changed: Oct 26
Last Checked: Oct 26 at 3:03PM
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 RE/MAX TOP PRODUCERS
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Investment Insights
Based on property information with market context.
This Alhambra duplex contains two one-bedroom units totaling 1,485 square feet. The 405 unit measures 670 square feet and has one bathroom; the 407 unit is 815 square feet with two bathrooms. A garage has been converted to living space. Property improvements include a new roof, plumbing replacement throughout, dual-pane windows, and an updated bathroom. The building dates to 1947.
The property is at 405 E Ramona in Alhambra, with shopping, restaurants, schools, parks, public transportation, and freeway access in the surrounding area. Front and rear yards are also part of the property.
The property is at 405 E Ramona in Alhambra, with shopping, restaurants, schools, parks, public transportation, and freeway access in the surrounding area. Front and rear yards are also part of the property.
Key Highlights
- Two‑unit duplex with 1,485 square feet total
- 405 unit: 670 square feet, 1 bedroom, 1 bathroom
- 407 unit: 815 square feet, 1 bedroom, 2 bathrooms, plus garage conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,933
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,660
$518.7K
Cap Rate 7%
$370,471
$370.5K
Cap Rate 9%
$288,144
$288.1K
Market Conditions
NOI Build-Up for 1,485 SF
Gross rent
$40.1K $27.00/SF
− Vacancy
−$3.0K −$2.05/SF
EGI
$37.0K $24.95/SF
− OpEx
−$11.1K −$7.48/SF
NOI
$25.9K $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%
$518,660
Cap Rate 7%
$370,471
Cap Rate 9%
$288,144
Alternative Uses
Best Use
Multifamily LT 5
$370.5K
$324.2K – $432.2K
NOI $25,933 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$341.4K
$298.7K – $398.3K
NOI $23,895 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$795.1K
$695.7K – $927.6K
NOI $55,654 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,948
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences include a garage conversion and updates to major building systems.
Where is this duplex located?
The property is located at 405 E Ramona Alhambra, CA.
What is the asking price?
The asking price for this property is $908,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,485 square feet total; 405 unit: 670 square feet, 1 bedroom, 1 bathroom; 407 unit: 815 square feet, 1 bedroom, 2 bathrooms, plus garage conversion
