We are pleased to present First Street Apartments, a 16-unit apartment complex in the desirable city of Alhambra, CA. The property is located near Downtown Alhambra and borders the affluent communities of South Pasadena and San Marino. The property features an ideal unit mix consisting of one and two-bedroom units, gated entry, covered parking, owned laundry facility, individual gas and electric meters, and partial copper plumbing. The asset has been meticulously maintained and professionally managed with upgrades including a new Roof (2016), exterior paint on building and railings, new washers and dryers, and upgraded exterior lighting. Recently renovated units have laminate wood flooring, granite countertops, stainless steel appliances, and new A/C and heating. In-place rents generate a current cap rate of 4.1%, 5.4% with market rents offering an investor approx. 20% rental upside. This is a rare and unique opportunity for an investor to acquire a well maintained asset, in a highly sought-after location.
Property Details
Property Features
Property Information:
Year Built: 1959
Stories: 2
Listing Office:
Office Name: Triqor Group
Office Phone: (949) 756-3232
Listing Agent: Ryan Loria
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.34 Acres
School Info
Assigned Schools Information:
Alhambra High School, Public District Grades 9-12
Garfield Elementary School, Public District Grades KG-8
Other
Directions Information:
Directions: Driving North on N. Atlantic Blvd., Turn right onto N. 1st St., Property is on your left.
Price Information
Listing Price Info
Price Summary:
List Price: $5,800,000
Tax Information:
Annual Amount: $53,904
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Alhambra, CA.
This property is $4.9M more than the Median Sold Price in Alhambra, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24067638
Listing Office:
Office Name: Triqor Group
Office Phone: (949) 756-3232
Listing Agent: Ryan Loria
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 2:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 06, 2016
May 06, 2016Home Sold
$3,900,000
Sep 13, 1990
Sep 13, 1990Home Sold
$1,300,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$53,904
$4,265,215
2020
$52,038
$4,221,482
2019
$52,277
$4,138,709
2018
$51,513
$4,057,559
2017
$51,513
$3,978,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
7
/10
Garfield Elementary School
110 W Mclean St
Distance between this listing and this school0.15 miles
Public District Grades KG-8
High School
8
/10
Alhambra High School
101 S 2nd St
Distance between this listing and this school0.79 miles
Public District Grades 9-12
Nearby Schools
9
/10
Marengo Elementary School
1400 Marengo Ave
Distance between this listing and this school0.80 miles
Public District Grades KG-5
7
/10
Coolidge Elementary School
421 N Mission Dr
Distance between this listing and this school1.35 miles
Public District Grades KG-5
9
/10
Valentine Elementary School
1650 Huntington Dr
Distance between this listing and this school1.44 miles
Public District Grades KG-5
Assigned Schools
7
/10
Garfield Elementary School
110 W Mclean St
Distance between this listing and this school0.15 miles
Public District Grades KG-8
Nearby Schools
7
/10
Park Elementary School
301 N Marengo Ave
Distance between this listing and this school0.76 miles
Public District Grades KG-8
9
/10
South Pasadena Middle School
1500 Fair Oaks Ave
Distance between this listing and this school0.96 miles
Public District Grades 6-8
Assigned Schools
8
/10
Alhambra High School
101 S 2nd St
Distance between this listing and this school0.79 miles
Public District Grades 9-12
Nearby Schools
9
/10
South Pasadena Senior High School
1401 Fremont Ave
Distance between this listing and this school1.20 miles
Public District Grades 9-12
7
/10
San Gabriel High School
801 S Ramona St
Distance between this listing and this school1.59 miles
The neighbors living near this home have an average income of $57,439. The majority of Alhambra, CA residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 920 N 1st St
What is the listing price of this property?
The listing price of 920 N 1st St property is $5,800,000.
What type of property is this?
The property 920 N 1st St is a condo located in Alhambra, California, 91801.
Is this property for sale now?
Active Listing: 920 N 1st St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 920 N 1st St are: Garfield Elementary School: GreatSchools Rating 7/10Alhambra High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $53,904 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 6, 2016 for $3,900,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 920 N 1st St is 1959.
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This home is located at 920 N 1st St in Alhambra, CA and zip code 91801 in the The San Gabriel Valley neighborhood. This home, which was built in 1959, sits on a 0.34 acre lot. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $5,800,000.
Over 16 listings were sold over their listed price in April 2024 in Alhambra, CA. In the same period over 4 listings were sold below the listed price and 2 listings were sold for the listed price. Between March 2024 and April 2024, Alhambra, CA real estate market has seen increase in the number of listings by 20%. In April 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $842,500.
From Rocket Homes Real Estate and based on county public records data.