2445 Winthrop Dr - Apartments FOR SALE


Alhambra, CA 91803
$1,390,000 USD
213-595-5726
2445 Winthrop Dr, Alhambra, CA for Sale
$1,390,000 USD
Apartments - FOR SALE
1/8
null | 4.32% Cap Rate

2445 Winthrop Dr
Alhambra, CA 91803


HIGHLIGHTS

  • 100% Occupied Six-Unit Apartment Building
  • Adjacent to Cal State LA with Strong Long-Term Rental Demand Drivers
  • Excellent Access to I-10, I-710, Downtown Los Angeles & Pasadena
  • Long-Term Tenancy with Meaningful Future Revenue Growth Potential
  • Covered Carport Parking on a Corner Lot

OVERVIEW

2445 Winthrop Drive presents a rare opportunity to acquire a fully occupied 6-unit apartment property located in the highly desirable west San Gabriel Valley submarket of Alhambra. Situated adjacent to Cal State LA and offering immediate access to the I-10 and I-710 Freeways, the property benefits from strong long-term rental demand, exceptional regional connectivity, and a proven history of stable occupancy. Built in 1956, the property consists of approximately 3,600 square feet of improvements situated on a 6,536 square foot corner lot. The building features an efficient and desirable unit mix of six one-bedroom/one-bath units, each approximately 600 square feet, supported by on-site covered carport parking. Currently 100% occupied, the property provides investors with stable in-place income while offering significant future revenue growth potential. Current average rents are below market, creating an estimated rental upside of approximately $31,680 annually as rents adjust over time. Five of the six units remain below market, with several occupied by long-term residents, providing a clear value-add opportunity without requiring extensive renovation or repositioning. The property is strategically positioned less than one mile from Cal State LA, an educational and employment anchor serving more than 26,000 students, faculty, and staff. Nearby Downtown Alhambra offers a vibrant mix of restaurants, retail amenities, and neighborhood services, while convenient freeway access provides efficient connections throughout Los Angeles County, Pasadena, and the greater San Gabriel Valley. Offered at $1,390,000 ($231,667 per unit), 2445 Winthrop Drive represents an opportunity to acquire a well-maintained, fully occupied multifamily asset in a supply-constrained infill market with durable tenant demand, strong fundamentals, and meaningful rental upside.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

6

PRICE/UNIT

$231,667

CAP RATE

4.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,536 SF

ZONING

ALRPD*

APN/PARCEL ID

5352-007-001

ASK ABOUT THIS PROPERTY

Seth PolenLacy Real EstateMore Info
213-595-5726

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Seth PolenLacy Real EstateMore Info
213-595-5726

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.