43
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$2,875,000
Est. payment /mo
Active
1515 W Commonwealth AVE Alhambra, CA 91803
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS25000910
Originating Board California Regional MLS
Year Built 1951
Lot Size 7,168 Sqft
Property Description
A rare opportunity in Alhambra, CA! This 8-unit apartment property, on the market for the first time since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with four units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 5343006001
Special Listing Condition Not Applicable
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Listed by DONALD LA • KW Executive