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1515 W Commonwealth Ave, Alhambra, CA 91803

  • $2,500,000

  • bed

  • bath

Multi-family for sale 126 days
$190K price drop
Movoto is helping 12 homebuyers near you

About 1515 W Commonwealth Ave

Property type Multi-family
Year built 1951
HOA fee $0/month
Lot size 7,168 Sqft
Movoto estimate
Parking 7 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Donald La
Listing Agent Contact: 626-824-8853
Listing Office - EXP REALTY
Source: CRMLS mls logo
MLS#AR26030880 • last updated 1 month ago
Movoto checked CRMLS for data 14 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1646
Lot Size (SqFt) 7168
Year Built 1951
Interior
Laundry Individual Room
Exterior
Building Area Square Feet, 6392
# Uncovered Spaces 1
# Parking Spaces 8
# Garage Spaces 7
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Urban
Directions 1515 W Commonwealth Ave, Alhambra, CA 91803-1606
APN 5343006001
Multifamily Details
Expense: Trash 2318
Operating Expense 41697
Cap Rate 5.56
Expense: Insurance 4202
Total Expenses 41697
Expense: Water/ Sewer 2361
Gross Income 180600
Expense: Electric 267
Gross Multiplier 13.84
Gross Scheduled Income 180600
Expense: Fuel 784
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Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
71/100
Walk
75/100
Family
96/100
Dining
98/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Alhambra
  • 91803
  • 1515 W Commonwealth Ave

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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