1515 W Commonwealth Avenue, Alhambra, CA 91803

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Sq ft

About this home

A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family 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 3 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.

Type

Apartment

Year built

1951

Lot

7,168 sq ft

Garage

7 car

HOA

None

Pool

View

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Solar

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Estimated payment

$15,766/mo

Principal & interest$12,641
Property tax (est.)$2,396
Home insurance (est.)$729

Down payment: 20% ($500,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Donald La, EXP REALTY, 626-824-8853. MLS# AR26030880. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:44 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.