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Listed by Christian Mkpado, DRE #02079387 • Keller Williams Realty
$ 5,495,000
Est. payment | /mo
0.4 Acres Lot
$ 5,495,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPF26174613
Year Built 1974
Lot Size 0.397 Acres
Source California Regional MLS
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
Area 601 - Alhambra
Interior
Heating Forced Air
Laundry Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5343008030
Special Listing Condition Not Applicable
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