Sold for $5,600,000

Listing Provided by: Coldwell Banker Realty

Bought with: Realty Investment Advisors, Inc.

$5,600,000

120 W Grand Ave, Alhambra, CA 91801

38beds

34baths

23,237sqft

Multi Family

Built in 1971

-- sqft lot

$5,599,300 Zestimate^®

$241/sqft

$2,595 Estimated rent

Home value

$5,599,300

$5.04M - $6.22M

$2,595/mo

Zestimate^® history

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$2,595/mo

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$2,595/mo

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$35,252/mo

Est. payment

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$35,252/mo

Est. payment

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What's special

Large balconiesUpdated plumbingSubterranean parking spacesCentral air

Discover an exceptional investment opportunity in North Alhambra, CA, with this 18-unit apartment complex plus an approved, ready-to-build 1-unit ADU, just two blocks from vibrant Downtown Alhambra. Featuring spacious units with large balconies, 38 subterranean parking spaces, central air, updated plumbing, and an elevator, this secured building offers modern comfort and significant upside potential. Perfectly situated within walking distance to City Hall, shopping, restaurants, and parks, this property combines prime location with convenience, making it an ideal choice for savvy investors or developers looking to capitalize on Alhambra’s thriving market.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 38
Bathrooms: 34

Heating

Central

Cooling

Central Air

Appliances

Laundry: Common Area

Features

Balcony, French Door(s)/Atrium Door(s)
Doors: Atrium Doors
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 23,237
Total interior livable area: 23,237 sqft

Property

Parking

Total spaces: 38
Parking features: Assigned
Carport spaces: 38

Features

Levels: One
Stories: 1
Entry location: Front
Pool features: None
Fencing: None
Has view: Yes
View description: Mountain(s)

Lot

Size: 0.40 Acres
Features: 16-20 Units/Acre

Details

Parcel number: 5337012020
Zoning: ALRPD*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Roof: Composition

Condition

New construction: No
Year built: 1971

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Urban

Location

Region: Alhambra

HOA & financial

Other financial information

Total actual rent: 33801

Other

Other facts

Listing terms: Cash,Cash to New Loan

Price history

Date	Event	Price
8/12/2025	Sold	$5,600,000-6.7%$241/sqft
Source: CRMLS #AR25081428 Report a problem
7/10/2025	Pending sale	$6,000,000$258/sqft
Source: CRMLS #AR25081428 Report a problem
4/15/2025	Listed for sale	$6,000,000$258/sqft
Source: CRMLS #AR25081428 Report a problem