1515 West Commonwealth Avenue
$2,875,000
3
8
6,392
6,392
$450
Description
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...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.
- Listed by DONALD LA • DRE #01928418 • Brokerage DRE #02003950 • KW Executive • 626-888-2995
Property Details for 1515 West Commonwealth Avenue
Parking Spaces Total
8
Private PoolNo
Total Units8.0
Building TypeAttached
Lot Size SourceAssessor
Living Area6392
Assessor Parcel Number5343-006-001
Property Attached YNtrue
LISTING UPDATED: 01/06/2025 02:38 AM
Property Details for 1515 West Commonwealth Avenue
Status | Active |
---|---|
MLS # | WS25000910 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1951 |
County | Los Angeles County |
Building Information for 1515 West Commonwealth Avenue
Building/Complex1515 W Commonwealth AveFloor-Stories2Residences-Pet Policy-Year Built1951Building Size-
Property Information for 1515 West Commonwealth Avenue
Property History for 1515 West Commonwealth Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1515 West Commonwealth Avenue
Taxable ValueLand$42,991Additions$144,178Total$187,169
Tax Record2024$4,643 ($387 / month)
Home Facts
Total Finished SqFt6,392 SqFtAbove Grade Finished SqFt6,392 SqFtLot Size7,166 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningALRPD*CountyLOS ANGELESAPN5343-006-001
Schools near 1515 West Commonwealth Avenue
This home is within Alhambra Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
William Northrup Elementary School PublicK to 8 | ||
Alhambra High School Public9 to 12 | ||
Independence High (Alternative) School Public9 to 12 | ||
Century High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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