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About This Home
This 0-bedroom, 0-bathroom commercial at 30 N FIRST STREET in Alhambra, CA is listed for $6,825,000 ($492 per sqft). Built in 1956, the home offers 13,875 sqft of living space on a N/A lot.
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.
Key Features
- Built in 1956
Property Details
Monthly Cost Estimate
$36,502/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
30 N FIRST STREET
Alhambra, CA 91801
Property Details
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 30 N FIRST STREET is listed at $6,825,000 ($492/sqft). The estimated monthly payment is $29,575 based on 20% down at 6.5% interest.
Key features include: Built in 1956.
This property is listed by Lisa Pimentel and can be reached at 6263912149 or LISAMARIEPSELLSHOMES@GMAIL.COM.
