30 N First Street Alhambra, CA 91801
Commercial-Other
MLS #: CV26077738
Listed By CENTURY 21 Citrus Realty
Property InformationDescription
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.
Features
- Building Area: 13875.00 SF
- Cooling: Window A/C
- Cross Docks: N
- For Auction: N
- Heating - Fuel Type: Other
- MLSID: CV26077738
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Year Built: 1956
