Alhambra Homes with Multi Family Subtype

Welcome to Alhambra, California—a vibrant city nestled in the heart of Los Angeles County, just a stone’s throw away from the bustling metropolis of downtown Los Angeles. Known for its rich cultural diversity, Alhambra offers a unique blend of urban convenience and suburban charm. With tree-lined streets, beautiful parks, and a lively dining scene that features everything from traditional Chinese cuisine to trendy cafes, Alhambra is a place where community and culture thrive.

One of the standout features of Alhambra is its array of multi-family homes, making it an ideal location for both investors and families seeking a welcoming neighborhood. These multi-family properties provide an excellent opportunity for generating rental income while enjoying the benefits of living in a dynamic community. Whether you're looking for a cozy duplex or a larger apartment complex, Alhambra's real estate market offers a variety of options to suit your needs.

Living in Alhambra means you’re not just investing in property; you're investing in a lifestyle. Residents enjoy easy access to public transportation, top-rated schools, and an array of shopping options, including the popular Alhambra Marketplace. The city also hosts numerous community events throughout the year, bringing neighbors together and fostering a strong sense of belonging.

With its strategic location, diverse culture, and appealing multi-family housing options, Alhambra is truly a hidden gem in Los Angeles County. Explore the possibilities today, and discover why so many are choosing to call Alhambra home!

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.