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920 N 1st Street

Alhambra, CA 91801
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Bed 22

Bed

Bath 16

Bath

SqFt10,911

Sqft

SqFt14,709

Sqft(Lot)

Situated just two blocks south of the affluent cities of San Marino and South Pasadena, the property benefits from its location in one of the most attractive rental submarkets of the West San Gabriel Valley. Because the property is not subject to local rent control, an investor can increase rents by a greater amount each year, when compared with multifamily investments in Los Angeles and other local cities. With current rents approximately 21% below those of similar neighboring properties, a new owner may be able to add significant value while improving the building's cash flow substantially. Constructed in 1959, the two-story structure surrounds a well-landscaped, quiet courtyard atop a 14,706-square foot lot. The property has been meticulously maintained throughout its ownership, while s elect units have been renovated with new hardwood floors, new kitchen cabinets, and new ceiling fans. The gated complex includes eight security cameras, several of which are trained on the 16 covered parking spaces. The landlord-owned laundry facilities add an additional revenue stream. The separate gas and electricity meters, pitched roofs, and partial copper plumbing should help to reduce future expenses. Located near the corner of Huntington Drive and Los Robles Avenue, the building sits just across the border from both San Marino and South Pasadena. Being within walking distance of Ralph's, In-N-Out Burger, and the new $130 million Alhambra Place Shopping Center helps to attract tenants. Median home values have increased by 40% since 2020, resulting in increased demand for rental units as residents are priced out of homeownership now that the median single-family home is valued above $1,000,000. Apartment demand in the area is also elevated due to the fact that Alhambra has only added 540 units over the past 30 years. This amount of new development is up to 10 times slower than other communities in the area, and the resulting demand for existing apartments is projected to exert sustained upwards pressure on local rents, benefitting apartment landlords. The property also sits just two miles from the 110 Freeway and two-and-a-half miles from the10 Freeway, affording tenants convenient access to Downtown Los Angeles, Pasadena, and the rest of the San Gabriel Valley.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,059,000

AD Id : 66079145

MLS Id : 25567995

Beds : 22

Lot Size : 14,709 Sqft

Living Area Size : 10,911

Year Built : 1959

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 22

    Bathroom Information

    Total Baths: 16

  • Building Information

    Year Built: 1959
    Building Area Total: 10911
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 14709 Lot Size Acres: 0.3377 Lot Size Square Feet: 14,709

  • Listing Price Information

    Listing Price: $5059000
    Original Price: $5300000

  • Tax Information

    Parcel Number: 5321020021

  • Location Information

    Direction: We are pleased to announce the opportunity to purchase 920 North 1st Street in Alhambra, CA.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
515 Alahmar Street, Alhambra, CA, 91801 $1,995,000 3 3 2,488 2,488 SqFt
101 S El Molino Street, Alhambra, CA, 91801 $1,249,000 3 1 1,567 1,567 SqFt
1421 E Norwood, Alhambra, CA, 91801 $1,050,000 3 2 1,737 1,737 SqFt
1108 S Vega, Alhambra, CA, 91801 $1,250,000 3 1 1,238 1,238 SqFt
1404 Violeta, Alhambra, CA, 91801 $1,190,000 5 3 1,711 1,711 SqFt
109 S Cordova Street, Alhambra, CA, 91801 $1,288,000 5 6 3,241 3,241 SqFt
308 S Almansor Street, Alhambra, CA, 91801 $1,588,000 4 2 2,430 2,430 SqFt
909 S Almansor S, Alhambra, CA, 91801 $1,035,000 3 2 1,377 1,377 SqFt
745 S Chapel Ave, Alhambra, CA, 91801 $1,590,000 6 4 3,106 3,106 SqFt
723 S Stoneman, Alhambra, CA, 91801 $12,980,000 -- -- 20,829 20,829 SqFt

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ByOwner last updated this listing 07/27/2026 @ 00:38

MLS: 25567995 LISTED BY: Roderick 'Rick' Raymundo, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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