$3,700,000
3111 W Ramona Road, Alhambra CA 91803
Multi-Family (13 Units)
Property type
9 days
On market
$314
Price per sqft
N/A
Garage
1954
Year built
11,256 sqft
Lot size
Open Houses
Overview
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....
Listing provided by: Seth Polen DRE #01133279 213-595-5726, Seth Polen
Listing updated: Jun 4, 2026 at 07:19am.
Last checked: Jun 4, 2026 at 08:00am
Source: CRMLS #26839467
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 1 | 1 | — | $1,715 | $13,720 | $14,800 | Unfurnished |
| 4 | 2 | 1 | — | $2,026 | $8,105 | $8,800 | Unfurnished |
| 1 | 2 | 1 | — | $2,095 | $2,095 | $2,200 | Unfurnished |
# of Buildings: 1
# of Units Total: 13
Refrigerator: 13
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
154.7x
List Price / Annual Gross Rent
Cap Rate
4.51%
NOI / List Price
Vacancy Allowance: $8,611
Net Operating Income: $166,948
Interior
Interior Features: Ceiling Fans
Appliances: Gas Cooktop, Gas Oven, Refrigerator
Exterior
Stories Total: 2
Levels: Two
Security Features: Gated Community
Garage and Parking
Parking: Carport
Parking Total: 11
Lot Information
Land Lease: No
Parcel #: 5352013007
Zoning: ALRPD*
Community
HOA: No
Senior Community: No
Community Features: Gated
Nearby Schools
Nearby schools around the 3111 W Ramona Road, Alhambra, CA 91803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,960,000
Total Interest
$3,775,317
Total Payment
$6,735,317
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$22,713
per month
Property History for 3111 W Ramona Road
Alhambra Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91803.
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