920 N 1st St

Alhambra, CA 91801

$5,059,000
Price
22
Beds
16
Baths
10,911 Sq. Ft.
$464 / Sq. Ft.
10,911
Sq. Ft.
$464
per Sq. Ft.
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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...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 select 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.
  1. Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 920 North 1st Street

Zoning
ALRPD*
Parcel Number
5321020021
Total Units
16.0
Living Area
10911
Source Living Area
Vendor Enhanced
Area
Alhambra (601)
Vacancy Rate
0
Lot Size Area
14709
LISTING UPDATED: 01/12/2026 02:41 PM

Property Details for 920 North 1st Street

StatusActive
MLS #25567995
Days on Market227
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.34 AC / 14,709 SF
CountyLos Angeles County
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Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019
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Building Information for 920 North 1st Street

Stories2Residences-Year Built1959Building Size-Lot Size0.34 AC / 14,709 SF

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$29,590 per month

30 year fixed, 6.15% Interest

Principal and Interest

$24,657

Property Taxes

$4,933

HOA Dues

$0

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Property Information for 920 North 1st Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $377,817
  • Net Operating Income: $243,848.00
  • Gross Income: $389,304
  • Cap Rate: 4.82%
  • Gross Rent Multiplier: $12.99
  • Total Annual Expense: 133970
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3377
  • Lot Size Square Feet: 14709
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 16
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-21-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,840.00
  • Unit Actual Rent: $18,400.00
  • Unit Projected Rent: $22,950.00
  • Like Units: 10
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,251.00
  • Unit Actual Rent: $13,507.00
  • Unit Projected Rent: $16,170.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,576,073.00
  • Assessed Improvement Percent: 34.82
  • Assessed Land Value: $2,950,204.00
  • Assessed Land Percent: 65.18
  • Assessed Total Value: $4,526,277.00

Property History for 920 North 1st Street

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Price Change

CRMLS #25567995

$5,059,000—
Jan 12, 2026

Price Change

CLAW #25567995

$5,059,000—
Jul 21, 2025

Listed (Active)

CRMLS #25567995

$5,300,000—
Jul 21, 2025

Listed (Active)

CLAW #25567995

$5,300,000—
Oct 6, 2024

Expired

CRMLS #PW24067638

—
Oct 5, 2024

Expired

CLAW #PW24067638MR

$5,650,000—
Oct 5, 2024

Expired

SDMLS #PW24067638

—
Jun 10, 2024

Price Change

CRMLS #PW24067638

$5,650,000—
Apr 5, 2024

Listed (Active)

SDMLS #PW24067638

$5,800,000—
Apr 5, 2024

Listed (Active)

CLAW #PW24067638MR

$5,800,000—
Apr 5, 2024

Listed (Active)

CRMLS #PW24067638

$5,800,000—
Aug 8, 2019

Expired

CRMLS #19458154

$5,275,000—
Aug 7, 2019

Expired

CLAW #19-458154

$5,275,000—
Aug 7, 2019

Expired

SDMLS #19458154

—
Aug 2, 2019

Price Change

CRMLS #19458154

$5,275,000—
Apr 23, 2019

Listed (Active)

SDMLS #19458154

$5,450,000—
Apr 23, 2019

Listed (Active)

CRMLS #19458154

$5,450,000—
Apr 23, 2019

Listed (Active)

CLAW #19-458154

$5,450,000—
May 3, 2016

Sold (Public Record)

Public Record #570075220

$3,900,000—
DateEvent & SourcePrice
01/12/2026

Price Change

CRMLS #25567995

$5,059,000
01/12/2026

Price Change

CLAW #25567995

$5,059,000
07/21/2025

Listed (Active)

CRMLS #25567995

$5,300,000
07/21/2025

Listed (Active)

CLAW #25567995

$5,300,000
10/06/2024

Expired

CRMLS #PW24067638

—
10/05/2024

Expired

CLAW #PW24067638MR

$5,650,000
10/05/2024

Expired

SDMLS #PW24067638

—
06/10/2024

Price Change

CRMLS #PW24067638

$5,650,000
04/05/2024

Listed (Active)

SDMLS #PW24067638

$5,800,000
04/05/2024

Listed (Active)

CLAW #PW24067638MR

$5,800,000
04/05/2024

Listed (Active)

CRMLS #PW24067638

$5,800,000
08/08/2019

Expired

CRMLS #19458154

$5,275,000
08/07/2019

Expired

CLAW #19-458154

$5,275,000
08/07/2019

Expired

SDMLS #19458154

—
08/02/2019

Price Change

CRMLS #19458154

$5,275,000
04/23/2019

Listed (Active)

SDMLS #19458154

$5,450,000
04/23/2019

Listed (Active)

CRMLS #19458154

$5,450,000
04/23/2019

Listed (Active)

CLAW #19-458154

$5,450,000
05/03/2016

Sold (Public Record)

Public Record #570075220

$3,900,000

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

Public Records for 920 North 1st Street

Taxable ValueLand$3,009,208Additions$1,607,594Total$4,616,802
Tax Record2025$59,198 ($4,933 / month)
Home Facts
Total Finished SqFt10,911 SqFtAbove Grade Finished SqFt10,911 SqFtLot Size14,705 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningALRPD*CountyLOS ANGELESAPN5321-020-021

Schools near 920 North 1st Street

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Garfield Elementary School
Public - K to 8
Alhambra High School
Public - 9 to 12
Independence High (Alternative) School
Public - 9 to 12
Southwestern Academy
Private - 6 to 12
Rating
School
Distance
Garfield Elementary School
PublicK to 8

Alhambra High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Southwestern Academy
Private6 to 12

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 920 North 1st Street, Alhambra, CA 91801

920 North 1st Street is a multi-family home for sale in Alhambra, CA 91801. This property was listed for sale on July 21, 2025 by Marcus & Millichap, it's currently listed at $5,059,000. It has been on the market for a total of 227 days and was last sold on May 3, 2016. This listing's school district is Alhambra Unified School District. Nearby schools include Garfield Elementary School, Alhambra High School and Independence High (Alternative) School. 920 North 1st Street is a 22-bed, 16-bath, 10,911 sqft multi-family home built in 1959.

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 Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

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.