30 N FIRST STREET, Alhambra, CA 91801
List Price: $6.83M
Listing Status: Active
Original List Price: $7.25M
0Days on Market: 24
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1956
Lot Size: 24,393 sq ft
MLS Number: CV26077738
About This Property
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.
Listing provided by: Lisa Pimentel DRE #01745013 909-592-8500 LISAMARIEPSELLSHOMES@GMAIL.COM, CENTURY 21 CITRUS REALTY INC
Source: CRMLS, MLS #: CV26077738
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.