30 N FIRST STREET St, Alhambra, CA 91801 (MLS # CV26166315)
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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.
| DAYS ON MARKET | 0 | LAST UPDATED | 8/1/2026 |
|---|---|---|---|
| YEAR BUILT | 1956 | COMMUNITY | 601 - Alhambra |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 601 - Alhambra |
| HEAT | Wall Furnace |
| LOT | 0.56 acre(s) |
| LOT DESCRIPTION | Front Yard |
| LOT DIMENSIONS | 24393 |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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