Asking Price: $5,450,000

We are pleased to present the opportunity to acquire 920 North 1st Street, a 16-unit apartment community in the city of Alhambra, a core market in the San Gabriel Valley. The property borders the affluent neighborhoods of San Marino and South Pasadena, which provides new investors potential for high rent growth unique to Alhambra. The meticulously maintained property built in 1959 consists of 10 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The two-story building features two points of ingress and egress, gated entry into a naturally-lit courtyard, 16 covered parking spots, on-site laundry, separate meters for gas and electricity, a pitched roof, and partial copper plumbing. Its 14,704 square foot lot nestles on a residential street with ample street parking.