Prime 5-Unit Investment Opportunity | Alhambra, CA
**Exceptional Income Property with Long-Term Upside**
Positioned on a 6,615 sq. ft. lot in one of Alhambra’s most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential.
Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors.
The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including:
Four 2-bedroom, 2-bath units
One 1-bedroom, 1-bath unit
All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent.
Additional highlights include:
Owner-operated on-site laundry room providing supplemental income
Strong, established rental market
Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles
Excellent commuter location with nearby public transportation
Pro forma rental projections reflecting market rates at the time of listing
Potential for additional development or expansion (buyer to verify with the City of Alhambra)
Whether you’re expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential.
Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.
For sale
Listed by: Mystic Canyon Real Estate • Stacy Dover • Contact: 626-429-7361
$1,799,000
1342 Edgewood Dr, Alhambra, CA 91803
9beds
9baths
4,422sqft
Multi Family
Built in 1979
-- sqft lot
$1,746,000 Zestimate®
$407/sqft
$-- HOA
What's special
- 319 days
- 140
- 1
Zillow last checked:
Listing updated:
Listed by:
Stacy Dover DRE #01768476 626-429-7361,
Mystic Canyon Real Estate
Source: CRMLS,MLS#: CV25241240
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area, See Remarks
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,422
- Total interior livable area: 4,422 sqft
Property
Parking
- Total spaces: 9
- Parking features: Assigned
- Carport spaces: 7
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1,2
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,615 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5355004011
- 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: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Alhambra
Financial & listing details
- Price per square foot: $407/sqft
- Date on market: 10/25/2025
- Cumulative days on market: 320 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Contract
- Total actual rent: 79200
Estimated market value
$1,746,000
$1.66M - $1.83M
$2,127/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2025 | Listed for sale | $1,799,000$407/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 91803
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