Properties
Alhambra, CA 91803 1515 W Commonwealth Avenue
$2,500,000
28 more
Presented By: Donald La with EXP REALTY; 626-824-8853
Baths • 1
SQFT • 6,392
Garage • 7
Home Details
A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with 3 units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.
Presented By: Donald La with EXP REALTY; 626-824-8853
Interior Features for 1515 W Commonwealth Avenue
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesLaundry Room
Total Stories2
Other Rooms
Entry Level1
General for 1515 W Commonwealth Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.56
CityAlhambra
Community FeaturesUrban
CountyLos Angeles
Directions1515 W Commonwealth Ave, Alhambra, CA 91803-1606
Electric Expense267
Entry Location1
Fuel Expense784
Garage Spaces7
Garage Y/NYes
Gross Income180600
Insurance Expense4202
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet7168
Lot Size UnitsSquare Feet
MLS Area601 - Alhambra
Net Operating Income138903
New ConstructionNo
Number Of Units Total8
Open Parking Spaces1
Operating Expense41697
Pool FeaturesNone
PostalCityALHAMBRA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot1
Trash Expense2318
Water Sewer Expense2361
Year Built1951
Year Built SourcePublic Records
Exterior for 1515 W Commonwealth Avenue
Building Area Total6392
Lot Features0-1 Unit/Acre
Lot Size Acres0.1646
Lot Size Area7168
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Private PoolNo
Total Parking8
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
