$2,980,000
-$300,0002121 El Paseo, Alhambra CA 91803
Multi-Family (8 Units)
Property type
295 days
On market
$403
Price per sqft
8 cars
Garage
1989
Year built
12,162 sqft
Lot size
Home highlights
Open Houses
Overview
Rare find with high income potential, a unique opportunity to acquire the 8 unit apartment building located in Alhambra, CA. 2121 El Paseo is close to key amenities including shopping, restaurants and coveted beaches, this building will attract high-income tenants looking for a vibrant downtown lifestyle. At present, this property, fully leased to tenants all current with...
Listing provided by: Qing Song Huang DRE #02051665, Boulder Realty Inc
Listing updated: Mar 31, 2026 at 07:38am.
Last checked: Jun 5, 2026 at 07:01pm
Source: CRMLS #AR25183409
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 5 | 2 | 2 | 1 | $119,280 | $119,280 | $138,000 | Furnished |
| 3 | 3 | 2 | 1 | $78,000 | $78,000 | $93,600 | Furnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 9
Separate Gas Meters: 9
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
15.1x
List Price / Annual Gross Rent
Cap Rate
4.35%
NOI / List Price
Gross Scheduled Income: $197,280
Operating Expense: $69,062
Net Operating Income: $129,718
Annual Operating Expenses
Electric: $780
Fuel: $0
Insurance: $11,000
Licenses: $250
New Taxes: $41,000
Professional Management: $3,600
Trash: $3,000
Water / Sewer: $8,100
Interior
Cooling: Central Air, Wall Window Units
Heating: Central
Fireplace: Family Room, Living Room
Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Entry Location: 2
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre, Sprinkler System
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5352025024
Additional Parcels: No
Tax Lot: 115
Zoning: ALRPD*
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 2121 El Paseo, Alhambra, CA 91803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,384,000
Total Interest
$3,040,661
Total Payment
$5,424,661
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,323
per month
Property History for 2121 El Paseo
Alhambra Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91803.
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