We’re excited to present 5501-5505 Alhambra Ave, a 6-unit value-add mixed-use building located in El Sereno, Los Angeles. These are two adjacent buildings for sale, situated on two parcels. The corner property includes four apartment units and one mixed-use office/retail space. This asset sits in a prime, central location just blocks north of Cal State Los Angeles and only 500 feet west of Alhambra. It's also just three minutes from South Pasadena. This area has high rental demand, and these units rent easily. The property sits on the edge of a tree-lined residential neighborhood, with homes currently selling for over $1 million. This is a priced-to-sell property, offered at a reasonable actual CAP rate for a high-quality location and asset, with a very high pro forma CAP rate. It’s a valuable asset for those who recognize the opportunity. This is a lucrative investment opportunity. Strategically located on a prominent corner in NELA, just blocks from Cal State University, the property benefits from excellent visibility and frontage on two busy streets. With mixed-use zoning and approximately 3,250 square feet, the asset offers significant potential for value enhancement through rent improvements. 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 North East Los Angeles (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. The site boasts amazing frontage on the main thoroughfare of the town, Alhambra Ave, which connects Mission Road to many university sites to the west. This is a great value-add investment, with upside potential in rental income and significant improvement opportunities. All tenants are on month-to-month leases. Two units are currently vacant: the ground-floor retail office space (750 SF) and a 3-bedroom, 1-bath unit that is set to vacate shortly. BUILDING FEATURES: This is a two-story, stucco, stick-built construction. The main power panel received a major upgrade and is relatively new. The layout is essentially garden-style, providing a large front parking area for up to 10 cars. Most units feature tile flooring. All units are individually metered. The property features a gated, paved parking lot with space for 10 vehicles and double egress. Desirable C2 zoning allows for a variety of uses. The property sits on a corner, on a total lot size of 7,905 lot size, a good sized lot for the area. With 3,240± SF of building. The large, paved, and gated parking area accommodates approximately eight vehicles, adding to its appeal for tenants. The property also has huge potential for prominent signage, with two streets of frontage (3 sides for signage), and boasts a strong Walk Score of 90/100, ensuring excellent walkability and accessibility. UNIT MIX: The unit mix includes: two 3-bedroom, 1-bath units; one 2-bedroom, 1-bath unit; one standalone house with 1 bedroom and 1 bath; a fully renovated retail/office space in the front featuring three rooms and one bath with a shower; and a bonus unit (non-conforming), approximately 300 square feet—studio-sized—with a half bath. This unit offers future income potential and enhances the property’s value-add profile. LOCATION: The properties are close to South Pasadena, Pasadena, Monterey Park, Highland Park, Glendale, Lincoln Park, and central Los Angeles. The area has a growing business community, with new establishments like the tech lab space HATCH and Stomping Grounds. Businesses benefit from a customer base with strong purchasing power and access to a skilled workforce. You're just two minutes from Keck Medical Center. Nearby employment centers include the Alhambra Office Complex, Grifols Corporate Campus, USC Keck Medical Center, Kaiser Permanente, and Cal State LA. Proximity to major freeways and transportation hubs provides easy access to regional and national markets, making this an ideal location for growing businesses. With a Walk Score of 85, the property is within walking distance of dozens of well-known stores, local shops, restaurants, coffee spots, and more. Nearby nationally recognized tenants include Target, Costco, Starbucks, LA Fitness, Home Depot, and the Alhambra Mall. The Shops at The Alhambra and various emerging small businesses—including art galleries and service providers—are nearby as well. The property sits within five minutes of 10 universities and colleges. You’ll find dozens of dining and shopping options in every direction. Located on Alhambra Ave, a major thoroughfare connecting Alhambra to Cal State University—the property also offers convenient access to the 710, 10, 110, and 5 freeways. Please contact us with any questions. This rare investment opportunity provides immediate income with strong long-term appreciation potential. Contact us today for details.