Alhambra (601) Homes with Multi Family Subtype

Welcome to Alhambra, California – a vibrant community nestled in the heart of Los Angeles County. Known for its rich cultural heritage, Alhambra boasts a diverse population and a welcoming atmosphere that makes it a desirable place to call home. Just a stone's throw from downtown Los Angeles, this charming city offers a perfect blend of urban convenience and suburban tranquility.

Alhambra is renowned for its beautiful tree-lined streets, historic architecture, and a plethora of dining and shopping options. The city is adorned with parks and recreational spaces, making it ideal for families and outdoor enthusiasts alike. With easy access to public transportation and major freeways, commuting to nearby cities is a breeze, allowing residents to enjoy the best of both worlds.

For those seeking investment opportunities, Alhambra presents an exciting market for multi-family homes. The multi-family housing subtype is increasingly popular due to the area’s robust rental demand and potential for steady income. Whether you're looking for a duplex, triplex, or larger multi-unit buildings, Alhambra offers a variety of options to suit your investment needs. These properties not only provide the chance for passive income but also allow for a sense of community living, where neighbors become friends.

With its prime location, rich culture, and promising real estate market, Alhambra is more than just a place to live—it's a place to thrive. Discover the opportunities that await you in this enchanting city, where every corner tells a story and every home offers a chance for a brighter future.

Newest Alhambra (601) Homes with Multi Family Subtype

$6,425,000

CV26077738 MLS ⋅ Active Status ⋅ Burke Apartments BLDG.

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.

30 N FIRST STREET, Alhambra

$2,100,000

OC26007472 MLS ⋅ Active Status

Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.

201 N Atlantic Boulevard, Alhambra

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.