1515 W Commonwealth AVE, ALHAMBRA CA, 91803

Active

1515 W Commonwealth AVE

ALHAMBRA CA, 91803

$2,875,000

$449.78 per sqft

Active

3 Beds

2 Baths

6,392 sqft

Multi-family

Built in 1951

A rare opportunity in Alhambra, CA! This 8-unit apartment property, on the market for the first time since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with four units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.

WS25000910MR

MLSⓇ ID

January 6, 2025

Listed

January 14, 2025

Updated

Map

1515 W Commonwealth AVE
ALHAMBRA CA, 91803

Interior Features

Total Stories: 2
Bedrooms: 3
Total Bathrooms: 2
Laundry Description: Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.16 Acres
Sewer: Public Sewer

Other Property Details

Area Name: Alhambra
Garage: Yes
Garage Spaces: 7
Parking Total: 8
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: ALRPD*

Listed by DONALD LA with KW Executive
Listing Contact: 626-888-2995

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Withers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 1/14/2025