Alhambra Homes with Multi Family Subtype

Alhambra Homes with Multi Family Subtype

Welcome to Alhambra, California – a vibrant city nestled in the heart of Los Angeles County, known for its rich cultural heritage and bustling community atmosphere. Just a stone's throw from downtown Los Angeles, Alhambra offers a perfect blend of urban convenience and suburban charm. With its tree-lined streets, diverse dining options, and a variety of parks, residents enjoy an enviable quality of life in this thriving city.

Alhambra is particularly appealing for those interested in multifamily homes, making it an ideal choice for both investors and families looking for spacious living arrangements. The multifamily subtype homes in this area cater to a wide range of needs, providing ample opportunities for income generation and community living. Whether you're seeking a duplex, triplex, or a larger apartment complex, Alhambra's multifamily properties offer flexibility and potential for growth.

The city's real estate market is characterized by its accessibility and affordability compared to neighboring areas, making it an attractive option for first-time homebuyers and seasoned investors alike. Families will appreciate the proximity to excellent schools, shopping centers, and recreational facilities, ensuring that daily conveniences are always within reach.

In Alhambra, you’ll find a welcoming community that celebrates diversity and fosters connections among its residents. With its unique blend of history, culture, and modern amenities, this city is not just a place to live – it's a place to thrive. Explore the multifamily housing options in Alhambra today and discover the perfect home for your lifestyle!

Newest Alhambra Homes with Multi Family Subtype

$6,425,000
CV26077738 MLS ⋅ Active Status ⋅ Burke Apartments BLDG.
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.

30 N FIRST STREET, Alhambra
$2,100,000
OC26007472 MLS ⋅ Active Status
Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.

201 N Atlantic Boulevard, Alhambra
Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.