3111 W Ramona Rd

Alhambra, CA 91803

$3,700,000
Price
18
Beds
13
Baths
11,778 Sq. Ft.
$314 / Sq. Ft.
11,778
Sq. Ft.
$314
per Sq. Ft.
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Description

Long-term ownership since 1974 presents the opportunity to acquire a well-maintained 13-unit apartment property located in the desirable Midwick Park / Alhambra Hills neighborhood of Alhambra. The property features an attractive unit mix, recent capital improvements including newer roof and electrical panels, 11 carports, on-site storage, and strong long-term tenancy. Excellent San Gabriel Valley location near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Approximately 10%+ rental...Long-term ownership since 1974 presents the opportunity to acquire a well-maintained 13-unit apartment property located in the desirable Midwick Park / Alhambra Hills neighborhood of Alhambra. The property features an attractive unit mix, recent capital improvements including newer roof and electrical panels, 11 carports, on-site storage, and strong long-term tenancy. Excellent San Gabriel Valley location near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Approximately 10%+ rental upside with stable in-place income.
  1. Listed by Seth Polen • DRE #01133279 • Brokerage DRE #01133279 • Seth Polen

Property Details for 3111 West Ramona Road

Zoning
ALRPD*
Cross Streets
Winthrop Dr and W Ramona Rd
Parcel Number
5352013007
Total Units
13.0
Living Area
11778
Source Living Area
Vendor Enhanced
Area
Alhambra (601)
Vacancy Rate
3%
LISTING UPDATED: 06/04/2026 12:06 AM

Property Details for 3111 West Ramona Road

StatusActive
MLS #26839467
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.26 AC / 11,256 SF
CountyLos Angeles County
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Location

Listing Courtesy of Seth Polen, Seth Polen, DRE #01133279
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Building Information for 3111 West Ramona Road

Stories2Residences-Year Built1954Building Size-Lot Size0.26 AC / 11,256 SF

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$19,470 per month

30 year fixed, 6.36% Interest

Principal and Interest

$18,438

Property Taxes

$1,032

HOA Dues

$0

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Property Information for 3111 West Ramona Road

Community / Development
Community / Development
  • Number Of Units: 13
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $280,382
  • Net Operating Income: $166,948.00
  • Gross Income: $23,920
  • Cap Rate: 4.51%
  • Gross Rent Multiplier: $12.89
  • Actual Annual Gross Rent: $287,040.00
  • Actual Gross Annual Income: $287,040
  • Laundry Income: $1,953
  • Actual Rent Total: $23,920.00
  • Vacancy Allow Dollar: $8,611.00
  • Total Annual Expense: 113434
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2584
  • Lot Size Square Feet: 11256
  • Lot Description: Gated Community
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 11
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Ceiling Fan, Wall Unit(s)
  • Cooling Type: Ceiling Fan, Wall Unit(s)
  • Heating: Floor
  • Heating Type: Floor
  • Equipment: Ceiling Fan, Refrigerator, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Oven-Gas, Cooktop - Gas
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-27-2026
  • Listing Terms: Cash
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,715.00
  • Unit Actual Rent: $13,720.00
  • Unit Projected Rent: $14,800.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,026.00
  • Unit Actual Rent: $8,105.00
  • Unit Projected Rent: $8,800.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,095.00
  • Unit Actual Rent: $2,095.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $485,268.00
  • Assessed Improvement Percent: 68.63
  • Assessed Land Value: $221,765.00
  • Assessed Land Percent: 31.37
  • Assessed Total Value: $707,033.00

Property History for 3111 West Ramona Road

DateEvent & SourcePriceAppreciation
May 27, 2026

Listed (Active)

CLAW #26839467

$3,700,000—
May 27, 2026

Listed (Active)

CRMLS #26839467

$3,700,000—
DateEvent & SourcePrice
05/27/2026

Listed (Active)

CLAW #26839467

$3,700,000
05/27/2026

Listed (Active)

CRMLS #26839467

$3,700,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3111 West Ramona Road

Taxable ValueLand$221,765Additions$487,718Total$709,483
Tax Record2025$12,381 ($1,032 / month)
Home Facts
Total Finished SqFt11,778 SqFtAbove Grade Finished SqFt11,778 SqFtLot Size11,253 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningALRPD*CountyLOS ANGELESAPN5352-013-007

Schools near 3111 West Ramona Road

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Fremont Elementary School
Public - K to 8
Alhambra High School
Public - 9 to 12
Independence High (Alternative) School
Public - 9 to 12
St. Thomas More Catholic Elementary School
Private - PK to 8
Rating
School
Distance
Fremont Elementary School
PublicK to 8

Alhambra High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

St. Thomas More Catholic Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3111 West Ramona Road, Alhambra, CA 91803

3111 West Ramona Road is a multi-family home for sale in Alhambra, CA 91803. This property was listed for sale on May 27, 2026 by Seth Polen, it's currently listed at $3,700,000. This listing's school district is Alhambra Unified School District. Nearby schools include Fremont Elementary School, Alhambra High School and Independence High (Alternative) School. 3111 West Ramona Road is a 18-bed, 13-bath, 11,778 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Seth Polen, Seth Polen, DRE #01133279

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.