ActiveCommercial · sale

30 N FIRST STREET

Alhambra, CA 91801

$5,200,000

  • 0.56 acres
  • Built 1956

Listed by Century 21 Masters · MLS #CV26166315

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1956.

Property size

0.56 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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36Unit Downtown Alhambra Asset Positioned for Immediate NOI Expansion via LeaseUp and Expense Normalization The Property is transitioning from a 2025 operational reset into stabilized performance following strategic capital improvements and leaseup activity In 2025 the Property had a vacancy rate of 2589 and generated 238588 in Net Operating Income yielding a cap rate of 329 Current occupancy is 94 Based on current occupancy the pro forma cap rate is 501 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 1bedroom allow the buyer to choose Property has 265 offstreet covered parking spaces 05 is designated motorcycle parking onstreet parking is available from the city for 70 per year per space Onsite 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

THE NEIGHBORHOOD

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30 N FIRST STREET, Alhambra, CA 91801

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THE DETAILS

The details, all in one place.

Property type
CommercialSale
Category
Commercial
Year built
1956
Cooling
WallWindowUnits
Heating
WallFurnace
Fencing
None
Parcel
5337019022

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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30 N FIRST STREET, Alhambra, CA 91801 · MLS #CV26166315

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Listing information

MLS #CV26166315 · California Regional MLS

Listing brokerage: Century 21 Masters
Listing agent: Lisa Pimentel

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.