We’re excited to present 5501-5505 Alhambra Ave, a 6-unit value-add mixed-use building located in El Sereno, Los Angeles. This is the first time the property has been on the market in over twenty-two years. These are two adjacent buildings situated on two parcels. The property features two separate structures with wood-frame construction and a stucco exterior. The corner parcel includes four apartment units, one mixed-use office/retail space, and community laundry facilities. This is a priced-to-sell property offered at a reasonable 5.38% CAP rate (actual) for a high-quality location with very high pro forma potential. Value-add investors can increase rents through continued interior renovations and modernization with the potential to stabilize at a 10% cap rate. The property presents a compelling mix of reliable in-place income and strong value-add upside through unit upgrades and strategic management. It is an ideal acquisition for investors seeking long-term growth, durable cash flow, and a foothold in one of Northeast LA’s most resilient rental submarkets. The unit mix includes two three-bedroom, one-bath units, one two-bedroom, one-bath unit, one standalone one-bedroom, one-bath house, a fully renovated retail/office space with three rooms and one bath with a shower, and a bonus non-conforming studio unit of approximately 300 square feet with a half bath. All units are individually metered. Two units are currently vacant, including the ground-floor retail office space and a three-bedroom unit set to vacate shortly. The buildings total approximately 3,240 square feet on a 7,905 square foot lot. The layout is essentially garden-style with a large paved and gated parking lot accommodating up to ten cars with double egress. The property has excellent signage potential with three visible sides and a Walk Score of 90/100. The main power panel has been upgraded, representing a major capital improvement, and the commercial office space has been fully remodeled. The location is central, vibrant, and highly sought-after. The property sits just blocks north of Cal State Los Angeles and only 500 feet west of Alhambra. It is also minutes from South Pasadena and within five minutes of ten universities and colleges. The area has excellent transit access and immediate connectivity to the 710, 10, 110, and 5 freeways. El Sereno is cherished for its family-friendly atmosphere, quiet streets, tree-lined neighborhoods, and proximity to nature. The community is experiencing urban renewal, with new hubs, eateries, and art spaces while maintaining a strong neighborhood identity and lasting tenant demand. Homes nearby are selling for over $1 million, and the rental market is extremely tight with low sales velocity. Very few buildings in this location come up for sale. The business environment is growing, supported by nearby employment centers including the Alhambra Office Complex, Grifols Corporate Campus, USC Keck Medical Center, Kaiser Permanente, and Cal State LA. The property is surrounded by nationally recognized retailers such as Target, Costco, Starbucks, LA Fitness, and Home Depot, as well as the Alhambra Mall and The Shops at The Alhambra. Emerging small businesses, art galleries, and service providers continue to enhance the neighborhood fabric. This rare investment opportunity provides immediate income and long-term appreciation potential, making it a smart addition to any multifamily portfolio. Contact us today for more details or to set up a viewing 323-327-3686.