Active

920 N 1st Street

Alhambra, CA 91801

$5,059,000 $21,328/Mo

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Overview

Bed

Bath

10,911

Sqft

14,709

Sqft(Lot)

Description

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.

Property Details

Property Type : Residential Income

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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What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 22

Bathroom Information

Total Baths: 16 Full Baths: 0 Half Baths: 0

Building Information

Year Built: 1959 Building Area Total: 10,911

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3377
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 14709

Listing Price Information

Original List Price: 5,059,000 Listing Contract Date: 2025-07-21
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5321020021

Garage and Parking

Garage Description: Assigned

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 601 - Alhambra Directions: We are pleased to announce the opportunity to purchase 920 North 1st Street in Alhambra, CA. Zoning: ALRPD* Source Property Type: Residential Income Area: 601 - Alhambra
Building and Construction

Property Age: 67 Year Built Source: Vendor Enhanced Total Square Feet Living: 10911 Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
204 N Vega Street, Alhambra, CA, 91801	$1,598,000	4	3	2,824	2,824 SqFt
101 S El Molino Street, Alhambra, CA, 91801	$1,249,000	3	1	1,567	1,567 SqFt
1404 Violeta, Alhambra, CA, 91801	$1,190,000	5	3	1,711	1,711 SqFt
999 E Valley Boulevard .., Alhambra, CA, 91801	$698,000	2	--	1,052	1,052 SqFt
308 S Almansor Street, Alhambra, CA, 91801	$1,588,000	4	2	2,430	2,430 SqFt
909 S Almansor, Alhambra, CA, 91801	$1,088,000	3	2	1,377	1,377 SqFt
937 N Granada, Alhambra, CA, 91801	$1,598,000	3	2	2,190	2,190 SqFt
311 N Almansor, Alhambra, CA, 91801	$1,298,888	6	3	2,237	2,237 SqFt
745 S Chapel Ave, Alhambra, CA, 91801	$1,590,000	6	4	3,106	3,106 SqFt
104-106 E Linda Vista A.., Alhambra, CA, 91801	$1,695,000	6	2	2,793	2,793 SqFt

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ByOwner last updated this listing 06/11/2026 @ 02:25

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