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3111 W Ramona Rd, Alhambra, CA 91803

$3,700,000
•
  • 18

    bed

  • 13

    bath

  • 11,778

    Sqft ($314/Sqft)

Multi-family for sale 103 days
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About 3111 W Ramona Rd

Property type Multi-family
Neighborhood
Year built 1954
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Property description
Long-term ownership since 1974 presents the opportunity to acquire a well-maintained 13-unit apartment property located in the desirable Midwick Park / Alhambra Hills neighborhood of Alhambra. The property features an attractive unit mix, recent capital improvements including newer roof and electrical panels, 11 carports, on-site storage, and strong long-term tenancy. Excellent San Gabriel Valley location near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Approximately 10%+ rental upside with stable in-place income.
Listed by
Listing Agent - Seth Polen
Listing Office - Seth Polen
Source: The MLS mls logo
MLS#26839467 • last updated 2 months ago
Movoto checked The MLS for data 14 minutes ago
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Overview
Levels/Style Two
MLS # 26839467
Type Residential Income
Status Active
SqFt 11778
Lot Size (SqFt) 11256
Lot Size (Acres) 0.2584
Year Built 1954
Interior
Total # of Baths 13
Total # of Bedrooms 18
Appliances Oven-Gas, Cooktop - Gas
Exterior
# Parking Spaces 11
Parking Desc Carport
Lot Desc Gated Community
Add'l Structures None
Lot Location Alley Access
Amenities / Utilities
Equipment Ceiling Fan, Refrigerator, Range/Oven
Location
County Los Angeles
Zoning ALRPD*
APN 5352-013-007
Multifamily Details
Tenant Pays Electricity, Gas
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 2200
Unit 1: Projected Rent 14800
Unit 1: # Beds 1
Unit 1: Rent 1715
Unit 2: Rent 2026
Unit 3: Rent 2095
Unit 2: Furnished No
Unit 2: Projected Rent 8800
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1.5
Unit 1: # Baths 1
Unit 2: Actual Rent 8105
Unit 3: Actual Rent 2095
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 13720
Total # Of Buildings 1
Total Rent 23920
Annual Gross Income 287040
Net Operating Income 166948
Laundry Income 1953
Annual Rent 287040
Cap Rate 4.51
Vacancy Rate 3%
Gross Income 23920
Gross Operating Income 280382
Gross Rent Multiplier 12.89
Total Annual Expenses 113434
Vacancy Amount ($) 8611
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6/10
Fremont Elementary School
public Grades K-8
Alhambra Unified School District
8/10
Alhambra High School
public Grades 9-12
Alhambra Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • Los Angeles County
  • Alhambra
  • 91803
  • Alhambra Hills
  • 3111 W Ramona Rd

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