Alhambra, CA 91801 400 401Grand N Atlantic Boulevard
$2,500,000
5 more
Presented By: JENNY WU with eXp Realty of California Inc; 626-840-7958
Beds • 10
Baths • 8
SQFT • 5,829
Year Built • 1960
Home Details
Presenting a rare opportunity to acquire a Spanish garden-style 8-unit multifamily property located in one of Alhambra’s most desirable rental submarkets. This charming two-story building features excellent curb appeal and strong rental upside potential. Property Highlights: Unit Mix: (2) Two-bedroom, one-bath units; (6) One-bedroom, one-bath units, 8 gated carport spaces (one per unit) Select units offer private balconies or patios. Ideal for long-term rental income stability and appreciation. Strategically positioned north of Main Street and south of Huntington Drive, the property is close to Downtown Alhambra’s shops, dining, and entertainment. The area continues to see strong tenant demand due to its central location and easy access to major freeways and public transit. With consistent income, value-add potential, and a sought-after location, this asset represents a solid addition to any investor’s portfolio.
Presented By: JENNY WU with eXp Realty of California Inc; 626-840-7958
Interior Features for 400 401Grand N Atlantic Boulevard
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Interior AmenitiesBalcony
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 400 401Grand N Atlantic Boulevard
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.31
Carport Spaces8.0
Carport Y/NYes
CityAlhambra
Community FeaturesUrban
CountyLos Angeles
DirectionsCorner of W Grand Ave., E. of Curtis Ave., W. of 3th St, S. of Alhambra Rd.
Electric Expense820.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense200.0
Garage Spaces0.0
Garage Y/NNo
Gross Income167200.0
HOANo
Home Warranty Y/NNo
Insurance Expense4700.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet13094.0
Lot Size UnitsSquareFeet
MLS Area601 - Alhambra
MobileHomeRemainsYNNo
Net Operating Income132775.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased7
Operating Expense36425.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot10
Taxes$25,000
Tenant PaysElectricity, Gas
Total Actual Rent11760.0
Trash Expense840.0
Water Sewer Expense2565.0
Year Built1960
Year Built SourceAssessor
ZoningALRPD*
Exterior for 400 401Grand N Atlantic Boulevard
Building Area Total5829.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.3006
Lot Size Area13094.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport
Private PoolNo
SpaNo
Total Parking8.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$2,500,000
MLS#WS25114083
List Date
05/21/2025
Property Type
Multi-Family
Phone
(310) 963-5595
