920 North 1st Street

Alhambra, CA 91801

$5,800,000
Price
3
Beds
16
Baths
10,911 Sq. Ft.
$532 / Sq. Ft.
10,911
Sq. Ft.
$532
per Sq. Ft.

Description

We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed...We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed with upgrades including a new Roof (2016), exterior paint on building and railings, new washers and dryers, and upgraded exterior lighting. Recently renovated units have laminate wood flooring, granite countertops, stainless steel appliances, and new A/C and heating. In-place rents generate a current cap rate of 4.1%, 5.4% with market rents offering an investor approx. 20% rental upside. This is a rare and unique opportunity for an investor to acquire a well maintained asset, in a highly sought-after location.
  1. Listed by Ryan Loria • DRE #02006138 • Brokerage DRE #01921625 • Triqor Group

Property Details for 920 North 1st Street

Parking Spaces Total
0
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
10911
Assessor Parcel Number
5321-020-021
Property Attached YN
true

Location

Listing Courtesy of Triqor Group, Ryan Loria, DRE #02006138
Add your commute
LISTING UPDATED: 04/24/2024 08:25 AM

Property Details for 920 North 1st Street

StatusActive
MLS #PW24067638
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyLos Angeles County

Location

Listing Courtesy of Triqor Group, Ryan Loria, DRE #02006138
Add your commute

Building Information for 920 North 1st Street

Building/Complex920 N 1st StFloor-Stories2Residences-Pet Policy-Year Built1959Building Size-

Payment Calculator

$36,415 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,653

Property Taxes

$4,762

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 920 North 1st Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $370,041
  • Gross Scheduled Income: $381,486
  • Net Operating Income: $235,547
Expense Details
  • Operating Expense: $134,495
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $134,495
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 0
  • Tax Census Tract: 4804.00
  • CFD/Mello-Roos Fee: $5,155
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,808
  • Unit Type Total Rent: $18,080
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,160
  • Unit Type Total Rent: $12,960
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 0

Property History for 920 North 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$2,892,357Additions$1,545,170Total$4,437,527
Tax Record2023$57,147 ($4,762 / 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
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Garfield Elementary School
PublicK to 8

Alhambra High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Century High School
Public9 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.

Similar Homes

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920 North 1st Street is a multi-family home for sale in Alhambra, CA 91801. This property was listed for sale on April 5, 2024 by Triqor Group, it's currently listed at $5,800,000. It has been on the market for a total of 26 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 3-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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triqor Group, Ryan Loria, DRE #02006138

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.