$3,280,000

2121 El Paseo Alhambra, CA 91803

Alhambra Hills Neighborhood

Estimated payment $20,448/month

Total Views 3,420
5 Beds
4 Baths
7,389 Sq Ft
$444 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Alhambra High School Rated A
  • Laundry Room

About This Home

Rare find with high income potential, a unique opportunity to acquire the 8 unit apartment building located in Alhambra, CA. 2121 El Paseo is close to key amenities including shopping, restaurants and coveted beaches, this building will attract high-income tenants looking for a vibrant downtown lifestyle. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to one’s real estate investment portfolio and/or a great 1031 Exchange.

Listing Agent

Qing Huang

Boulder Realty Inc Brokerage Phone: 213-595-4849 License #02051665 Listed on: 08/14/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Sprinkler System
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 7,389 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 115
  • Tax Tract Number 481
  • Assessor Parcel Number 5352025024
  • $2,981 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $780
  • Insurance Expense $11,000
  • Professional Management Expense $3,600
  • Trash Expense $3,000
  • Water Sewer Expense $8,100
  • New Taxes Expense $41,000
  • Operating Expense $69,062
  • Gross Income $1,500
  • Net Operating Income $129,718

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8100.00
  • Zoning: ALRPD*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5352025024
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 443.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Sprinkler System
  • Lot Size Sq Ft: 12162.00
  • Lot Size Acres: 0.2792

Multi Family

  • Electric Expense: 780.00
  • Gross Income: 1500.00
  • Gross Operating Income: 197280.00
  • Gross Scheduled Income: 197280.00
  • Insurance Expense: 11000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1500.00
  • Lot Size Area: 12162.0000 Square Feet
  • Net Operating Income: 129718.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 69062.00
  • Rent Control: No
  • Total Expenses: 69062.00

Tax Info

  • New Taxes Expense: 41000.00
  • Tax Census Tract: 4819.01
  • Tax Lot: 115
  • Tax Tract Number: 481...
  • TaxOtherAnnualAssessmentAmount: 2981.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2025 08/14/25 For Sale $3,280,000 -- $444 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25183409

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Alhambra 91803 Alhambra Hills

2121 El Paseo, Alhambra, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Qing Huang
Listing Agent
Qing Huang
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Boulder Realty Inc
(626) 548-6054