221 South Bushnell Avenue
Alhambra, CA 91801
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Multifamily For Sale - Available August 2026
Fourplex in Alhambra
Strategic Alhambra Location - Positioned in a core San Gabriel Valley submarket, less than one mile from Costco, Raising Cane’s, Panera Bread, Target, Albertsons, and other major retailers.
Attractive Cost Basis - At $387,500 per unit and $496 per SF, the property offers a current cap rate of 3.73%, pro forma cap rate of 4.25%, a current GRM of 17.00 and a pro forma GRM of 15.56 with 10% rental upside available.
Ideal Unit Mix - The property offers two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, averaging 781 SF per unit across a ±3,125 SF building on a ±6,250 SF lot.
Renovated Interiors - All units feature fully equipped kitchens with updated cabinetry, tile flooring, recessed lighting, upgraded bathroom sinks and showers, split AC, laminate wood flooring, and vertical blinds.
No Rent Control - The property is not subject to any local rent control, providing full flexibility to capture the available 10% rental upside.
Covered On-Site Parking - Covered parking is available for all residents, a premium amenity in the Alhambra submarket.
Well-Maintained Asset - Newer exterior paint and mature, lush landscaping reflect pride of ownership throughout, minimizing near-term capital expenditure for a new owner.
Freeway Access & Regional Connectivity - Direct access to the 10 and 710 Freeways places residents within minutes of Downtown Los Angeles, Pasadena, and the greater San Gabriel Valley employment corridor.
Proximity to Major Employment Hubs - Minutes from Cal State University Los Angeles, Huntington Health, Alhambra Hospital Medical Center, and the broader healthcare and education employment corridor spanning Alhambra and Monterey Park.
1031 Exchange & First-Time Buyer Profile - A stabilized, low-maintenance fourplex that qualifies for residential financing, making it an ideal acquisition for a first-time investor, seasoned buyer, or 1031 Exchange.
Get in touch
Eric Chen
Lic: 01489184
Mikel Dominguez
Lic: 02189109
CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 221 S Bushnell Avenue, a well-positioned fourplex located in the highly desirable San Gabriel Valley submarket of Alhambra, California.
Constructed in 1951, the property sits on a ±6,250 square-foot lot with a total building size of ±3,125 square feet. Positioned at the intersection of South Bushnell Avenue in central Alhambra, the property benefits from immediate proximity to Valley Boulevard and Fremont Avenue, two of the area’s primary retail corridors. The location offers exceptional connectivity, with convenient access to the 10 and 710 Freeways, and is minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park, San Gabriel, and Temple City.
The property features an ideal unit mix of two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, averaging 781 square feet per unit.
Each residence has been thoughtfully updated and features renovated interiors with fully equipped kitchens, updated cabinetry, tile flooring, recessed lighting, upgraded bathroom sinks and showers, split air conditioning units, laminate wood flooring, and vertical blinds. On-site covered parking is available for all residents with ample street parking. The property presents a well-maintained exterior with newer exterior paint and mature, lush landscaping throughout.
This offering presents an exceptional investment opportunity. At a going-in cost basis of $387,500 per unit, the property provides a strategic entry point for investors, with a current CAP rate of 3.73% and a pro forma CAP rate of 4.25% upon capturing the available 10% rental upside. Not subject to any local rent control, 221 S Bushnell Avenue is a stable residential income-producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Constructed in 1951, the property sits on a ±6,250 square-foot lot with a total building size of ±3,125 square feet. Positioned at the intersection of South Bushnell Avenue in central Alhambra, the property benefits from immediate proximity to Valley Boulevard and Fremont Avenue, two of the area’s primary retail corridors. The location offers exceptional connectivity, with convenient access to the 10 and 710 Freeways, and is minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park, San Gabriel, and Temple City.
The property features an ideal unit mix of two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, averaging 781 square feet per unit.
Each residence has been thoughtfully updated and features renovated interiors with fully equipped kitchens, updated cabinetry, tile flooring, recessed lighting, upgraded bathroom sinks and showers, split air conditioning units, laminate wood flooring, and vertical blinds. On-site covered parking is available for all residents with ample street parking. The property presents a well-maintained exterior with newer exterior paint and mature, lush landscaping throughout.
This offering presents an exceptional investment opportunity. At a going-in cost basis of $387,500 per unit, the property provides a strategic entry point for investors, with a current CAP rate of 3.73% and a pro forma CAP rate of 4.25% upon capturing the available 10% rental upside. Not subject to any local rent control, 221 S Bushnell Avenue is a stable residential income-producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Alhambra is “The Gateway to Opportunity in the San Gabriel Valley”. Incorporated in 1903, the City is a well-managed, and family and business-friendly community with excellent schools and community services. Livability.com named Alhambra 5th in California among its 2014 “Top 100 Best Places to Live” and was recently recognized as the “Most Business-Friendly City in L.A. County” by the Los Angeles Economic Development Corporation. Alhambra is situated eight miles from downtown Los Angeles. The city has a diverse land use portfolio of residential, commercial, and industrial properties and strong economic support from community residents. Discover why so many businesses have chosen to open in Alhambra.
Alhambra’s economy is centered on its location in the San Gabriel Valley, offering businesses and residents a strong connection to the greater Los Angeles metropolitan area. Its strategic position provides easy access to major transportation corridors and is in close proximity to major employment hubs. The city has a strong and diverse business base, with a focus on retail, dining, and service industries. It is particularly known for its vibrant Asian business district along Valley Boulevard, which has become a significant economic hub with numerous banks, restaurants, and shops. The city’s economy is supported by a robust workforce. In 2023, the median household income in Alhambra was $85,189, a 6.18% increase from the previous year. The city is home to a variety of industries, with the largest employment sectors being Healthcare & Social Assistance, Manufacturing, and Educational Services. Additionally, the city has a well-known Auto Row on Main Street, which attracts car buyers from throughout the region.
Alhambra actively promotes business growth and development. The city’s Economic Development Division works to attract targeted industries and provide support for both new and existing businesses. It has focused on revitalizing key commercial areas, particularly the downtown Main Street district, which has seen the development of mixed-use projects with retail, residential, and entertainment spaces. This includes projects like the Renaissance Plaza, which brought a movie theater, restaurants, and retail to the area, improving the city’s tax base and providing community amenities.
Alhambra provides a diverse range of recreational and entertainment options, with a focus on its vibrant Main Street and access to nearby Los Angeles attractions. For outdoor enthusiasts, the city offers several well-maintained parks, including Alhambra Park and Almansor Park, which feature walking trails, sports fields, and open spaces for picnics and leisure. The city is also home to the Alhambra Golf Course, a popular spot for local golfers. Shopping and dining are a major draw, particularly along the Main Street Business District and Valley Boulevard, where a variety of retail stores, unique boutiques, and an extensive selection of international and American restaurants can be found.
Alhambra’s economy is centered on its location in the San Gabriel Valley, offering businesses and residents a strong connection to the greater Los Angeles metropolitan area. Its strategic position provides easy access to major transportation corridors and is in close proximity to major employment hubs. The city has a strong and diverse business base, with a focus on retail, dining, and service industries. It is particularly known for its vibrant Asian business district along Valley Boulevard, which has become a significant economic hub with numerous banks, restaurants, and shops. The city’s economy is supported by a robust workforce. In 2023, the median household income in Alhambra was $85,189, a 6.18% increase from the previous year. The city is home to a variety of industries, with the largest employment sectors being Healthcare & Social Assistance, Manufacturing, and Educational Services. Additionally, the city has a well-known Auto Row on Main Street, which attracts car buyers from throughout the region.
Alhambra actively promotes business growth and development. The city’s Economic Development Division works to attract targeted industries and provide support for both new and existing businesses. It has focused on revitalizing key commercial areas, particularly the downtown Main Street district, which has seen the development of mixed-use projects with retail, residential, and entertainment spaces. This includes projects like the Renaissance Plaza, which brought a movie theater, restaurants, and retail to the area, improving the city’s tax base and providing community amenities.
Alhambra provides a diverse range of recreational and entertainment options, with a focus on its vibrant Main Street and access to nearby Los Angeles attractions. For outdoor enthusiasts, the city offers several well-maintained parks, including Alhambra Park and Almansor Park, which feature walking trails, sports fields, and open spaces for picnics and leisure. The city is also home to the Alhambra Golf Course, a popular spot for local golfers. Shopping and dining are a major draw, particularly along the Main Street Business District and Valley Boulevard, where a variety of retail stores, unique boutiques, and an extensive selection of international and American restaurants can be found.
Sale Price
Contact Broker For Pricing
Place
Costco
Retail
0.6 miles
2 min.
/drive
Alhambra High School
School
0.8 miles
2.5 min.
/drive
Amenity
Costco
Retail
0.6 miles
2 min.
/walk
Alhambra Highschool
School
0.8 miles
2.5 min.
/drive
CommuterRail
Union Station
7.1 miles
10 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Mikel Dominguez
Lic: 02189109