Listed by Eric Chen•DRE #01489184• CB RICHARD ELLIS
Contact: 626-757-5717
For sale
$2,500,000
Est. $16,897/mo —
11
bd
•
10 ba
•
4,493
sq ft
2608 W Alhambra Rd, Alhambra, CA 91801
About this home
We are pleased to exclusively present a well-positioned multifamily investment opportunity at 2608 West Alhambra Road in Alhambra, California, offering stable in-place income in the highly sought-after San Gabriel Valley. The five-unit, single-building asset sits in a quiet, gated community minutes from Downtown Alhambra and is within easy reach of the 10, 710 and 60 Freeways, Cal State LA, the USC Health Sciences Campus and Pasadena. Built in 1987, the three-story building features two levels of residences over ground-level garages and sits on a ±7,900 square-foot lot with ±4,493 square feet of rentable area, averaging 899 square feet per unit across four 2-bedroom/2- bathroom units and one 3-bedroom/2-bathroom unit. Each residence features wood-like flooring, vertical blinds, central air conditioning, and an updated kitchen with abundant cabinet space, a refrigerator, a gas range and a range hood. The 2-bedroom floor plans offer en-suite bathrooms, large sliding closets are found throughout, and every home includes washer and dryer hookups. Common area features include controlled access, lush mature landscaping, a private balcony at the front entrance, and ground-level two-car garages supported by ample street parking. Condominium-style layouts appeal to long-term residents. 2608 West Alhambra Road is a stable income-producing asset in the San Gabriel Valley, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Fremont Corridor, located between Mission Street and the Arroyo Seco, is a residential and commuter-friendly South Pasadena neighborhood with a rail-adjacent streetscape and a walkable commercial edge. The neighborhood’s character concentrates around Fremont Avenue at Mission Street, where sidewalk cafes, indie boutiques, and small-service storefronts set a steady, day-to-day rhythm. Craftsman bungalows and period cottages line leafy blocks, while apartment courts add a classic Southern California texture. The Metro A Line tracks and station area lend a city-meets-suburb cadence without feeling hectic. Community touchstones include the historic Rialto Theatre, Jones Coffee Roasters, and the South Pasadena Farmers’ Market.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
Four 2-bedroom units and one 3-bedroom unit
Bathrooms
Five units, each with 2 full bathrooms
Laundry & utility
Laundry facilities
Washer hookups
Gas and electric dryer hookups
Heating & cooling
Central heating
Central cooling
Exterior features
Curbs and sidewalks
Home design
Two stories
Attached property
Parking
10 garage spaces
10 parking spaces total
Utilities
Public sewer
District/public water
HOA & community
Community apartment
Financial info
Five total units, with five leased
Gross scheduled income of $139,544
Gross operating income of $135,358
Net operating income of $92,961
Total actual rent of $137,760
Operating expenses of $42,397
Other expenses of $1,000 for reserves
Laundry income of $1,784
Vacancy allowance of $4,186
Electricity and solar
View estimated energy costs and solar savings for this home
The RM Zone is intended to provide for a variety of housing types at densities up to 18 dwelling units per acre. Housing types in this Zone include detached single-unit dwellings, duplexes, triplexes, and other medium density housing types. Other compatible uses appropriate in a medium density residential environment are allowed. The RM Zone implements the Medium Residential Density General Plan land use designation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 97° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Alhambra, CA • 91801
Average low and high temperatures (°F)
70
48
72
51
74
54
73
54
76
58
81
61
86
65
89
66
85
66
80
58
72
52
70
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
79/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Alhambra. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.4 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2608 W Alhambra Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More