5 Unit Value Add Investment Opportunity

We're pleased to announce this new exclusive listing: a 5-unit mixed use multifamily property situated on two adjacent parcels. This is a great value-add investment, with upside potential in improving rents and significant value-add opportunities for future development. All tenants are on a month-to-month lease, and there is a bonus unit on-site that can be developed into a 6th rentable unit. The property boasts a fully occupied building with five tenants across five units, including four spacious apartments and a ground-floor retail space, making it a lucrative investment opportunity. Strategically located on a prominent corner in NELA, just blocks from Cal State University, this property benefits from excellent visibility and frontage on two busy streets. With mixed-use zoning and a total of 3,250± square feet, there’s significant potential for value enhancement through rent improvements. The large walled and gated parking area accommodates approximately eight vehicles, adding to its appeal for tenants. Additionally, the property features potential for prominent signage and enjoys a favorable Walk Score of 85/100, ensuring great walkability and accessibility. Don’t miss this opportunity to invest in a well-located and fully occupied asset with multiple upsides!
This is a rare opportunity to purchase two adjacent properties in the popular commercial area of El Sereno, Los Angeles, a well-known and growing community in NELA. Located seconds from Alhambra and South Pasadena, and just minutes from Downtown Los Angeles, the properties also feature a large on-site parking lot to accommodate tenants. They boast amazing frontage on the main thoroughfare of the town, Alhambra Ave, which connects Mission Road to many university sites to the west.
The properties are in close proximity to desirable areas, including South Pasadena, Pasadena, Monterey, Highland Park, Glendale, Los Angeles City, Lincoln Park, and more. The area has a growing business community, with new establishments like the tech lab space HATCH and Stomping Grounds. Businesses can benefit from a customer base with strong purchasing power and a skilled workforce.
The proximity to major freeways and transportation hubs provides easy access to regional and national markets, making it an ideal location for businesses looking to expand and grow. With an 85 Walk Score, the property is within walking distance of dozens of well-known stores, local shops, dining experiences, coffee shops, and more.
Nearby nationally recognized tenants include Target, Costco, Starbucks, LA Fitness, Home Depot, and Alhambra Mall, as well as various up-and-coming small businesses, including art galleries and service providers. The property is within 5 minutes of 10 universities and colleges.
Dozens of dining experiences and shopping options are available in every direction. The property is located on the popular thoroughfare, Alhambra Ave, connecting Alhambra to the Cal State University area and is conveniently near freeways such as the 710, 10, 110, and 5. Please contact us with any questions.