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Listed price in listed location currency (USD).
$7,250,000

0026

MLS® CV26077738

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 2
Lot Size 
Approx. Age 1956
MLS® Number CV26077738

Property Address: 30 N First Street, Alhambra, CA, 91801

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberCV26077738
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1956
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 11, 2026List Date
$7,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
30 N First Street, Alhambra, CA

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