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1515 W Commonwealth Avenue

Alhambra, CA 91803

– beds
– baths
– sqft
7,168 sqft lot
1951 build
– on site

A rare opportunity in Alhambra, CA! This 8-unit apartment property, on the market for the first time 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 four units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.

Listed By CRMLS_CA / DONALD LA / KW Executive / 626-888-2995

Last checked: Checking… • Last updated Jan 17, 2025 •

MLS# WS25000910 —

The Building

Year Built:

1951
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

6392.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

8
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

Front
Laundry:

Individual Room
Laundry:

1

Location

Directions:

1515 W Commonwealth Avenue, Alhambra CA
Latitude:

34.08771600
Longitude:

-118.14028000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

ALRPD*
Lot Features:

6-10 Units/Acre
Lot Size Area:

7168.0000
Lot Size Acres:

0.1646
Lot Size SqFt:

7168.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4809.01
Tax Tract:

15597
Tax Lot:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5343006001

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

8.00
Garage Spaces:

7.00
Uncovered Spaces:

1.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/6/25 Jan 6, 2025	Listed / Active	CRMLS_CA	$2,875,000

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This multifamily located in Alhambra, CA 91803 is currently for sale for $2,875,000. 1515 W Commonwealth Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 12 days. This multifamily is in the attendance area of William Northrup Elementary School and Alhambra High School.

Listing Courtesy of: CRMLS_CA and KW Executive. Based on information from California Regional Multiple Listing Service, Inc. as of 14:16 on Jan 18.

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.