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.
For sale
Listing Provided by:
DONALD LA DRE #01928418 626-888-2995,
KW Executive
Price cut: $125K (5/2)
$2,750,000
1515 W Commonwealth Ave, Alhambra, CA 91803
14beds
8baths
6,392sqft
Est.:
Multi Family
Built in 1951
-- sqft lot
$2,512,600 Zestimate®
$430/sqft
$-- HOA
What's special
Corner location
- 173 days
- on Zillow |
- 140 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: June 08, 2025 at 11:45am
Listing Provided by:
DONALD LA DRE #01928418 626-888-2995,
KW Executive
Source: CRMLS,MLS#: WS25000910
Originating MLS: California Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 8
Appliances
- Laundry: Laundry Room
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,392
- Total interior livable area: 6,392 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 7
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 7,168 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 5343006001
- Zoning: ALRPD*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Alhambra
Financial & listing details
- Price per square foot: $430/sqft
- Date on market: 1/6/2025
- Listing terms: Cash,Cash to New Loan
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