$2,500,000
-$190,0001515 W Commonwealth Avenue, Alhambra CA 91803
Multi-Family (8 Units)
Property type
114 days
On market
$391
Price per sqft
7 cars
Garage
1951
Year built
7,168 sqft
Lot size
Open Houses
Overview
A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with 3 units to be delivered vacant, presenting immediate market rent potential. This low-maintenance...
Listing provided by: Donald La DRE #01928418, EXP REALTY
Listing updated: May 7, 2026 at 05:03pm.
Last checked: Jun 4, 2026 at 11:30am
Source: CRMLS #AR26030880
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 1 | 1 | — | $3,800 | $3,800 | $3,800 | Unfurnished |
| 6 | 2 | 1 | — | $11,250 | $11,250 | $13,800 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 9
Separate Gas Meters: 9
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
13.8x
List Price / Annual Gross Rent
Cap Rate
5.56%
NOI / List Price
Gross Scheduled Income: $180,600
Operating Expense: $41,697
Net Operating Income: $138,903
Annual Operating Expenses
Electric: $267
Fuel: $784
Insurance: $4,202
Professional Management: $0
Trash: $2,318
Water / Sewer: $2,361
Interior
Laundry: Laundry Room
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 7
Uncovered Spaces: 1
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5343006001
Additional Parcels: No
Tax Lot: 1
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1515 W Commonwealth Avenue, Alhambra, CA 91803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,000,000
Total Interest
$2,550,890
Total Payment
$4,550,890
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,396
per month
Property History for 1515 W Commonwealth Avenue
Alhambra Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91803.
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