1515 W Commonwealth Avenue
Alhambra, CA, 91803
$2,875,000
Beds
0 Baths
SqFt
0.16 Acres
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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.

Property Details

Price:
$2,875,000
MLS #:
WS25000910
Status:
Active
Baths:
0
Address:
1515 W Commonwealth Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
601alhambra
City:
Alhambra
Listed Date:
Jan 6, 2025
State:
CA
ZIP:
91803
Lot Size:
7,168 sqft / 0.16 acres (approx)
Year Built:
1951
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Community Features
Urban
Garage Spaces
7.00
Lot Features
6-10 Units/ Acre
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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Association Fee
0.00

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1515 W Commonwealth Avenue
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