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5501-5505 Alhambra Ave
Los Angeles, CA 90032 Lincoln Heights

$945,000 USD

Apartments For Sale • 3,240 SF

Property Details

Property Type Apartments
Total Building Size 3,240 SF
Lot Size 0.18 AC
Building Class C
Year Built 1933
Cap Rate 5.41 %
Zoning C2

44 Transit Score

76 Walk Score

                
                    Highlights
                
                                A rare two property assemblage, two adjacent properties for sale.
                            
                                A 5.38% CAP rate in place, a good CAP rate for the region
                            
                                Upgraded power panel, all units individually metered 
                            
                                Mixed-use zoning, allows for retail or office in the front 850± SF unit
                            
                                All tenants are month to month: huge upsides in the rent after stabilization. 
                            
                                100% occupied in a high rental demand area, easy to rent location.

Property Flyers

Financial Summary 2025

5501-5505 Alhambra Ave Offering Memorandum

Financial Summary (Actual)

Net Operating Income: $73,162 USD (2024)

Cap Rate:	5.41 %
Total Expenses:	$13,478 USD

Amenities

24 Hour Access
Air Conditioning
Courtyard
Dishwasher
Disposal
Fenced Lot
Laundry Facilities
Washer/Dryer Hookup
Gated
Heating
Tile Floors
Satellite TV
Den
Garden
Pantry
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	5.1 mi
Cal State La Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains)	13 min	-	9.6 mi
Airport	Drive	Walk	Distance
Bob Hope	28 min	-	19.2 mi
Los Angeles International	35 min	-	21.8 mi
Long Beach (Daugherty Field)	31 min	-	21.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

John Hanrahan 323-327-3686 John Hanrahan

5501-5505 Alhambra Ave Los Angeles, CA 90032 Lincoln Heights