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Commercial Property — 30 N FIRST STREET, Alhambra, CA

$5,200,000

30 N FIRST STREET, Alhambra, CA

$5,200,000 — 30 N FIRST STREET, Alhambra, CA — photo 1 $5,200,000 — 30 N FIRST STREET, Alhambra, CA — photo 2 $5,200,000 — 30 N FIRST STREET, Alhambra, CA — photo 3 $5,200,000 — 30 N FIRST STREET, Alhambra, CA — photo 4 $5,200,000 — 30 N FIRST STREET, Alhambra, CA — photo 5
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About this property

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.

Property details

Square feet
13,875
Year built
1956
Property type
CommercialSale

Location

30 N FIRST STREET • Alhambra, CA 91801

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Listed by

Lisa Pimentel · Century 21 Masters

Listing courtesy of Century 21 Masters. Information deemed reliable but not guaranteed.

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