221 N Bushnell Ave Alhambra, CA 91801

CBRE is pleased to exclusively present 221 N Bushnell Avenue & 1620 Larch Street, a rare opportunity to acquire a 40-unit, campus-format multifamily property in the heart of central Alhambra. Spanning four two-story, garden-style buildings on a contiguous 1.27-acre site, the property delivers the kind of established residential character and operational scale that is rarely available in today's San Gabriel Valley market. The campus sits along some of Alhambra's most attractive residential streetscape, with mature tree canopy, well-maintained landscaping, and open grassed common areas that give the property a quiet, neighborhood feel that tenants consistently respond to. The unit mix is predominantly one-bedroom product, sized and positioned for the broad, stable renter base that has made Alhambra one of the most consistently occupied multifamily submarkets in the SGV, where vacancy stands at 5.1%. In-place rents across the portfolio are below current market levels, presenting a straightforward path to improved income through natural turnover with no extensive capital outlay. Alhambra has no local rent stabilization ordinance, meaning each vacancy resets to full market rate under AB 1482 with no cap on new lease rates. The upside is built in and captures itself over time. Located minutes from the Metro A Line, direct freeway access to Downtown Los Angeles, Pasadena, and the broader SGV employment base, and within walking distance of the Atlantic and Garfield retail corridors, the property draws from one of the deepest and most diverse renter pools in Los Angeles County. Valley Boulevard, Alhambra's celebrated dining and cultural corridor, is moments away and continues to attract residents and visitors from across the region. For investors seeking a stabilized, income-producing asset with embedded upside, a landlord-friendly regulatory environment, and a location that has proven itself across multiple market cycles, 221 N Bushnell Avenue & 1620 Larch Street presents a rarely offered and clear opportunity.