loading
reading
writing
saving
searching
$939,000 / 8br - 3240ft2 - 5 Units | In Nela | Golden Opportunity | 7.34% CAP Rate (Los Angeles)
Alhambra Ave, Los Angeles, CA 90032
Alhambra Ave near Warwick Ave
8BR / 6Ba
3240ft2
QR Code Link to This Post
Call or text for the package and to schedule a viewing show contact info .
The unit mix includes two three bedroom units, one two bedroom unit, one standalone one bedroom house, and one ground floor retail or office suite. The property also includes a studio sized bonus unit of approximately 300 square feet that adds additional income potential. All units are individually metered. The office space was fully renovated and leased this year at market rents, demonstrating current tenant demand and achievable rent levels in the El Sereno mixed use market.
The site includes a paved and gated parking area with capacity for approximately ten vehicles and double egress access. The corner location provides strong visibility and signage along Alhambra Avenue, a major Northeast Los Angeles corridor. The main electrical panel has been upgraded as a significant capital improvement. C2 zoning supports retail, multifamily, and redevelopment uses, supporting long term flexibility and upside.
The property sits within blocks of California State University Los Angeles, approximately 500 feet from Alhambra, and minutes from South Pasadena, Highland Park, and Downtown Los Angeles. The location supports consistent tenant demand from students, medical staff, and local professionals. Nearby employment centers include USC Keck Medical Center, Kaiser Permanente, Cal State LA, the Alhambra office district, and the Grifols corporate campus. Retail amenities include Target, Costco, Starbucks, LA Fitness, Home Depot, and the Alhambra Mall. The surrounding Northeast Los Angeles market continues to see growth from new restaurants, cafés, and creative businesses, supporting long term appreciation.
The property offers convenient access to the 710, 10, 110, and 5 freeways with connectivity across Los Angeles County. The area benefits from strong home values, limited rental supply, and sustained demand for multifamily and mixed use assets.
DISCLAIMER
All inquiries must include verifiable proof of funds, lender pre approval, or documented financing capacity appropriate for the property.
No seller financing, "carryback", creative financing, speculative funding, or unverified financing inquiries. We will not respond to inquiries from buyers who cannot demonstrate the financial ability to close.