5501–5505 Alhambra Avenue is a five-unit, two-parcel mixed-use investment in a high-demand NELA submarket of El Sereno, near Alhambra and South Pasadena. The property offers stabilized income with clear upside. The asset consists of two structures totaling approximately 3,240 square feet on a 7,905 square-foot corner lot, featuring four residential units and one ground-floor office or retail suite. Units are separately metered and supported by shared laundry facilities. A gated parking area provides up to ten spaces with dual street access. In-place operations reflect a 5.4% cap rate, with upside through lease-up and rent growth. One commercial unit is currently vacant and fully renovated, allowing a new owner to secure a tenant at market rent. The main electrical panel has been upgraded. The residential mix includes two three-bedroom, one-bath units; one two-bedroom, one-bath unit; and one detached one-bedroom, one-bath house. A bonus studio space provides additional flexibility for storage or potential future conversion, subject to city approvals. Located just north of Cal State LA, the property benefits from convenient access to the 710, 10, 110, and 5 freeways, supporting strong rental demand from nearby employment centers and surrounding retail corridors. With limited comparable inventory in the submarket, 5501–5505 Alhambra Avenue presents a stable income-producing asset with measurable upside in Northeast Los Angeles. For additional details or to arrange a meeting, contact John at 323-327-3686.