Alhambra Homes with Multi Family Subtype

Welcome to Alhambra, California – a vibrant city nestled in the heart of Los Angeles County, where diverse culture meets suburban charm. Known for its rich history and community spirit, Alhambra boasts a unique blend of urban convenience and residential tranquility. With its tree-lined streets, bustling local shops, and an array of dining options, residents enjoy a lifestyle that perfectly balances work and play.

One of the standout features of Alhambra is its welcoming atmosphere, making it an ideal place for families, young professionals, and retirees alike. The city is well-connected, with easy access to major highways and public transportation, ensuring that the bustling attractions of downtown Los Angeles are just a short ride away. Parks, recreational facilities, and schools are abundant, providing a nurturing environment for residents of all ages.

For those interested in investment opportunities, Alhambra offers a variety of multi-family homes that cater to both seasoned investors and first-time buyers. These properties not only provide a steady rental income but also allow for the potential of appreciation in a thriving market. Multi-family homes in Alhambra come in different styles, from classic duplexes to contemporary apartment buildings, accommodating diverse living arrangements and lifestyles.

Whether you are looking to settle down or expand your investment portfolio, Alhambra's multi-family homes present an exciting opportunity. Explore this charming city and discover the perfect blend of community, convenience, and investment potential that Alhambra has to offer.

Newest Alhambra Homes with Multi Family Subtype

$6,425,000

CV26166315 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.