2608 Alhambra Road

​​​​​​​CBRE is pleased to exclusively present a well-positioned multifamily investment opportunity at 2608 West Alhambra Road in Alhambra, California, offering stable in-place income in the highly sought-after San Gabriel Valley.
The five-unit, single-building asset sits in a quiet, gated community minutes from Downtown Alhambra and is within easy reach of the 10, 710 and 60 Freeways, Cal State LA, the USC Health Sciences Campus and Pasadena. At a going-in cost basis of $500,000 per unit, the property presents a current cap rate of 3.72% and a pro forma cap rate of 5.01%, reflecting 24% rental upside available to a new owner.

Built in 1987, the three-story building features two levels of residences over ground-level garages and sits on a ±7,900 square-foot lot with ±4,493 square feet of rentable area, averaging 899 square feet per unit across four 2-bedroom/2-bathroom units and one 3-bedroom/2-bathroom unit. Each residence features wood-like flooring, vertical blinds, central air conditioning, and an updated kitchen with abundant cabinet space, a refrigerator, a gas range and a range hood. The 2-bedroom floor plans offer en-suite bathrooms, large sliding closets are found throughout, and every home includes washer and dryer hookups. Common area features include controlled access, lush mature landscaping, a private balcony at the front entrance, and ground-level two-car garages supported by ample street parking. Condominium-style layouts appeal to long-term residents.

Situated approximately 8 miles northeast of Downtown Los Angeles, Alhambra offers residents a suburban lifestyle with strong regional connectivity. The 10, 710 and 60 Freeways are all within a few minutes’ drive, providing direct routes to Downtown Los Angeles, Pasadena, Monterey Park and the greater San Gabriel Valley. Daily needs are close at hand, with the shops and restaurants of Downtown Alhambra, Target, Costco and Alhambra Park all nearby. Metro A Line stations in Pasadena and East Los Angeles also provide light rail service into Downtown Los Angeles and throughout the region, while the dining, shopping and entertainment corridors along Valley Boulevard and Main Street, together with the area’s parks and cultural destinations, add to a strong quality of life. Together, these amenities and transit connections give residents flexible commuting choices and an easy, convenient everyday lifestyle.

The San Gabriel Valley benefits from a diverse and resilient employment base anchored by Cal State LA, the USC Health Sciences Campus, Alhambra Hospital Medical Center, Huntington Hospital, Caltech and the Alhambra Unified School District. These institutions, together with the city’s strong retail and restaurant corridors, generate consistent, year-round renter demand from educators, healthcare professionals, students and working families. Alhambra’s central location, walkable commercial districts and long-standing reputation as a desirable place to live give the submarket enduring appeal to both commuters and long-term residents and contribute to a stable, reliable tenant base. Alhambra’s proximity to the region’s major healthcare and higher education campuses ensures a steady pipeline of renters who value short commutes and a quiet residential setting.

2608 West Alhambra Road is a stable income-producing asset in the San Gabriel Valley, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.