13,875 sqft

$4,796,250

30 N FIRST STREET, Alhambra CA, 91801

Price per sqft$345.68

Built in1956

Property size13,875 sqft

Property typeCommercial

Bought with Eric Chen with CB RICHARD ELLIS and Listed by Lisa Pimentel CA DRE# 01745013 with Century 21 Masters 626-391-2149

Overview

Sold

Closed

Listed Aug 1, 2026

Updated Aug 29

36-Unit Downtown Alhambra Asset Positioned for Immediate NOI Expansion via Lease-Up and Expense Normalization. The Property is transitioning from a 2025 operational reset into stabilized performance following strategic capital improvements and lease-up activity. In 2025, the Property had a vacancy rate of 25.89% and generated $238,588 in Net Operating Income, yielding a cap rate of 3.29%. Current occupancy is 94%. Based on current occupancy, the pro forma cap rate is 5.01%. As of April 1, 2026, the vacancy has been reduced to 2 units, reflecting strong leasing momentum and improving cash flow. One unit is currently configured as office space, with the option to convert to a 1-bedroom ( allow the buyer to choose). Property has 26.5 off-street covered parking spaces (0.5 is designated motorcycle parking); on-street parking is available from the city for $70 per year per space. On-site laundry facilities provided, machines provided by WASH. WASH maintains the machines and pays the owner a percentage of the monthly revenue. 3 washing machines, 3 dryers are on the property.

Additional information

MLS^® ID: CV26166315

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.56 Acres

Bought with Eric Chen with CB RICHARD ELLIS and Listed by Lisa Pimentel CA DRE# 01745013 with Century 21 Masters 626-391-2149

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/29/2026 at 4:18 AM UTC Last Checked: 4:18 AM UTC