30 N FIRST STREET, Alhambra, CA 91801

• 13,875 sqft

Property Description

36-Unit Downtown Alhambra Asset Positioned for Immediate NOI Expansion via Lease-Up and Expense Normalization. The Property is transitioning from a 2025 operational reset into stabilized performance following strategic capital improvements and lease-up activity. In 2025, the Property had a vacancy rate of 25.89% and generated $238,588 in Net Operating Income, yielding a cap rate of 3.29%. Current occupancy is 94%. Based on current occupancy, the pro forma cap rate is 5.01%. As of April 1, 2026, the vacancy has been reduced to 2 units, reflecting strong leasing momentum and improving cash flow. One unit is currently configured as office space, with the option to convert to a 1-bedroom ( allow the buyer to choose). Property has 26.5 off-street covered parking spaces (0.5 is designated motorcycle parking); on-street parking is available from the city for $70 per year per space. On-site laundry facilities provided, machines provided by WASH. WASH maintains the machines and pays the owner a percentage of the monthly revenue. 3 washing machines, 3 dryers are on the property.

Listing Status:

Active

Date Added:

April 10, 2026

Data Last Updated:

April 16, 2026 at 11:09PM

Listing Office:

CENTURY 21 CITRUS REALTY INC : 909-592-8500

Listing Agent:

Lisa Pimentel : 626-391-2149

MLS ID:

CRCV26077738

Interior

• A/C: Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 26

Location

• County: Los Angeles

Lot

• Zoning: 5337019022