Keller Williams Realty - Jeff Menendez Homes
1/25
Listed By: KW Executive, 626-888-2995, DONALD LA
Local Realty Services Provided By: KW Executive
Overview
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$2,875,000
1515 W Commonwealth Avenue, Alhambra, CA 91803
6,392 sq ft
.16 ac
$2,875,000

1515 W Commonwealth Avenue, Alhambra, CA 91803

Estimation provided by Keller Williams Realty Inc.
6,392 sq ft
.16 ac
Active
For Sale

Property Description

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.

Property Details

Compare This Home
Overview
Property Type
Apartment
Property Size
6,392 sq ft
Year Built
1951
Days on Site
77 Days
Parking
8 Parking Spaces
Jeff Menendez Homes
Corona/KW CA Premier
01855193

Activity History

VIEWS
0
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

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Purchase Price: $2,875,000
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Price & Tax History

Date
Event
Price
01/06/2025
Listed
$2,875,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$4,952
(+2.47%)
$183,524
Land 42,149 + Additions 141,375
2022
$4,833
(+1.43%)
$176,446
Land 40,513 + Additions 135,933
2021
$4,765
(+2.07%)
$176,446
Land 40,513 + Additions 135,933
2019
$4,668
(+4.33%)
$173,460
Land 40,098 + Additions 133,362
2017
$4,474
$166,727
Land 37,787 + Additions 125,672
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Transit & Commute

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Car-Dependent Walkable Very Walkable
Jeff Menendez Homes
Corona/KW CA Premier
01855193

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