Est. cap rate

2.8%

Assumed rent, all units

$6,360/mo

Units

3

Price per unit

$450,000

Est. annual NOI

$38,160

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

3,345 sqft

Lot size

8,398 sqft

Year built

1922

Stories

2

Garage spaces

4

Cooling

Zoned

Pool

None

View

Neighborhood

Status

Active

Days on market

7

MLS #

246686246

About this property

Rare three-unit investment opportunity in a central Alhambra location near Valley Blvd. Situated on a prominent corner with two separate addresses—1600 S. Atlantic Blvd. and 912 W. Norwood Pl.—this long-time family-owned property features two detached buildings and approximately $8,400 in current monthly rental income. The front building is a spacious single-family residence, while the rear building is a two-story apartment property with two additional units. A highly functional site layout provides access from Atlantic Blvd., Norwood Pl., and the rear alley, offering convenient parking, flexible entry, and greater separation and privacy for occupants. The rear apartment building also has its own usable outdoor area. Conveniently located near shopping, restaurants, public transportation, and the I-10 Freeway, the property offers strong rental appeal and convenient access for commuters traveling throughout the San Gabriel Valley and toward Downtown Los Angeles. With two detached buildings, multiple access points, existing rental income, and a practical lot configuration, this property presents excellent value-add and long-term investment potential. Opportunities may include future improvements, reconfiguration, or possible expansion, subject to buyer verification and City approval. An exceptional opportunity for investors seeking income, location, and future upside in the heart of Alhambra.

Location

1600 S Atlantic Boulevard

Alhambra, Los Angeles, CA, 91803