101 E Alhambra Road, Alhambra, CA 91801
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe

101 E Alhambra Road,Alhambra, CA 91801
$2,800,000
- - Beds
- - Baths
- 8,015 sq. ft.
- Multi-family
- Active
Listed by:han chen
Office:growth investment group pasade
MLS#:AR25134597
Source:CRMLS
Price summary
- Price:$2,800,000
- Price per sq. ft.:$349.34
About this home
Offered at 5.10% CAP Rate, and First Time ever being offered for Sale, Growth Investment Group California is proud to present a 101 E Alhambra Rd., Alhambra. A pride-of-ownership well-maintained 8-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. This is the first time this property is being offered for sale by the same family that built the property! It is situated on a corner lot and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave.
This property offers investors an opportunity to buy a pride-of-ownership apartment that is very easy to manage and rent in the best location of Alhambra. It is located next to several new townhouses subdivisions providing a home-ownership atmosphere for the property. All tenants are on month-to-month rental agreement providing immediate upside on rent increases. The area does not have any local rent control (under California AB1482 rent control). The property is offered at a very attractive CAP Rate of more than 5%.
The property is a two-story garden style apartment that was built in 1964. It has a large building size of ±8,015 SF which translates to large average unit size of ±1001 SF/unit. It is on a large ±9,600 SF CORNER lot. It has an excellent unit mix of one (1) x large 3bed+2bath, one (1) x 2bed+2bath, one (1) x 2bed+1.75bath, one (1) x 2bed+1bath, and four (4) x 1bed+1bath units. Most of the units have been somewhat updated with updated flooring and kitchen (buyer to verify). Each unit has through the wall A/C, radiant heating, plenty of linen cabinets, ceiling fans, dining area, and so much more. Four units have private patio/balcony and fireplaces (buyer to verify).
The property is overparked with a total of 16 parking spaces provided by 9 carport spaces, 3 open spaces, and 4 tandems. There is no parking soft story retrofit requirement in Alhambra. Each unit is separately metered for electricity (all electric unit). There is a shared laundry room (laundry leased) and master water heater (gas).
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Home facts
- Year built:1964
- Listing Id #:AR25134597
- Added:58 day(s) ago
- Updated:August 13, 2025 at 10:36 AM
Rooms and interior
- Living area:8,015 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Radiant
Structure and exterior
- Roof:Asbestos Shingle
- Year built:1964
- Building area:8,015 sq. ft.
- Lot area:0.22 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,800,000
- Price per sq. ft.:$349.34
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