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5501 Alhambra Ave
Los Angeles, CA 90032 Lincoln Heights

Price Upon Request

Apartments For Sale  •  3,240 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,240 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1933
  • Zoning C2
44 Transit Score
76 Walk Score

Highlights

5501-5505 Alhambra Avenue presents a value-add opportunity with approximately 50%-70% rental upside.
High IRR projected after building fully stabilized.
The property offers ample parking that is gated, private, secured, and walled.
The site is centrally located two minutes from Keck Medical Center of USC and Cal State Los Angeles, and three miles from Downtown LA.
The area has strong rental demand and is easy-to-rent as it is a dense renter submarket.
A rare opportunity as this is the first time the property has been on the market in decades.

Financial Summary (Actual)

Net Operating Income: $53,522 USD (2024)
Total Expenses: $18,478 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Dishwasher
  • Disposal
  • Fenced Lot
  • Laundry Facilities
  • Washer/Dryer Hookup
  • Gated
  • Heating
  • Tile Floors
  • Satellite TV
  • Den
  • Garden
  • Pantry
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.1 mi
Cal State La Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains) 13 min - 9.6 mi
AirportDriveWalkDistance
Bob Hope 28 min - 19.2 mi
Los Angeles International 35 min - 21.8 mi
Long Beach (Daugherty Field) 31 min - 21.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes