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$ 5,495,000
Est. payment /mo
New
1517 Acacia Street Alhambra, CA 91801
7 Beds
6 Baths
0.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF26174613
Bedrooms 7
Lot Size 0.397 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
16-unit multifamily investment opportunity in the heart of Alhambra. 1517-1519 Acacia Street features an attractive unit mix of six townhouse-style 2-bed/1.5-bath units, five 2-bed/1-bath units (including two newly constructed 2026 ADUs), one 2-bed/2-bath unit, and four 1-bed/1-bath units, totaling approximately 13,777 SF of improvements built in 1974. Units are individually metered for gas and electricity. The two brand-new ADUs are achieving full market rent, while in-place rents across the remaining units average roughly 10% below market, providing strong day-one cash flow with meaningful organic rental upside: approximately a 5.4% current cap rate and 12.4 GRM, rising to approximately a 6.3% cap rate and 11.1 GRM at market rents, based on the current rent roll and seller expense assumptions. Alhambra is a supply-constrained San Gabriel Valley submarket minutes from Downtown Los Angeles, Cal State LA, and the I-10 and I-710 freeways, with strong renter demand driven by the Main Street retail and restaurant corridor, award-winning schools, and a vibrant local economy. Priced at approximately $343,438 per unit and $399 per SF.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of W Main St, between S Marengo Ave and S Electric Ave
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5343008030
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Christian Mkpado, DRE#02079387 Keller Williams Realty