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3 Single Story Units | Alhambra | All 2+1's 1721 S 9th St 3 Unit Apartment Building $1,290,000 ($430,000/Unit) Alhambra, CA 91803



Investment Highlights
- 2 OF THE 3 UNITS CURRENTLY VACANT! WE ARE PLEASED TO PRESENT FOR THE FIRST TIME ON THE MARKET IN OVER 40 YEARS!
- Apprx. 3,400 sqft | Upgraded Electrical Systems in 2 of the Units | Copper plumbing from the main line at the meter to all units
- Expansive 9,154 square foot lot with three sides of frontage, the layout also provides excellent accessibility, with two units enjoying direct garage
- Rare generational asset | Desirable corner lot | Highly sought-after unit mix of all 2 bed 1 bath single-story units
- Each unit benefits from garage parking, its own private driveway, and dedicated outdoor space, including front, side, and/or backyards
- Only subject only to California's AB 1482 rent ordinance and is not governed by any local rent control
Executive Summary
2 OF THE 3 UNITS CURRENTLY VACANT! WE ARE PLEASED TO PRESENT FOR THE FIRST TIME ON THE MARKET IN OVER 40 YEARS! This rare generational asset sits on a desirable corner lot and offers a highly sought-after unit mix consisting of one 2-bedroom, 1-bath single-family residence and two additional 2-bedroom, 1-bath units ideal for both investors and owner-users. All units have 2 bedrooms, 1 bathroom and a separate living room that could be considered a BONUS ROOM (buyer to verify). Two units will be delivered vacant, providing immediate flexibility for occupancy or the opportunity to capture strong rental upside. The property features approximately 3,400 rentable square feet across oversized units, enhancing long-term income potential. Significant property improvements include upgraded electrical systems in two of the units, copper plumbing from the main line at the meter to all units, and copper plumbing beneath the house for 1721 S 9th St and 907 W Glendon Way, offering added reliability and reduced maintenance concerns. Each unit benefits from garage parking, its own private driveway, and dedicated outdoor space, including front, side, and/or backyards features that greatly enhance tenant appeal. Situated on an expansive 9,154 square foot lot with three sides of frontage, the layout also provides excellent accessibility, with two units enjoying direct garage access. Strategically located near the intersection of Atlantic and Valley Blvd, the property boasts a Walk Score of 84, making it highly walkable with convenient access to nearby shopping, dining, and everyday amenities. From an investment standpoint, the asset is subject only to California's AB 1482 rent ordinance and is not governed by any local rent control, allowing for greater flexibility in rent adjustments. Altogether, this is a unique opportunity to acquire a well-maintained, high-performing asset with immediate upside and long-term growth potential in a prime location.*Click on the Property Video* Please Note: Seller is interested in CASH OFFERS ONLY. Buyer to cooperate with Seller's 1031 Exchange. Situated on the corner of South 9th Street and West Glendon Way; the nearest major intersection South Atlantic Blvd and Valley Blvd. Although 2 of the 3 Units are currently vacant, Please do not walk on the property, do not disturb or engage with any tenants regarding the property. Interior Photos for the vacant units are provided. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agent.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$88,560
|
$26.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,657
|
$0.78
|
| Effective Gross Income |
$85,903
|
$25.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
$25,872
|
$7.61
|
| Total Expenses |
$25,872
|
$7.61
|
| Net Operating Income |
$60,031
|
$17.66
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $88,560 |
| Annual Per SF | $26.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,657 |
| Annual Per SF | $0.78 |
| Effective Gross Income | |
|---|---|
| Annual | $85,903 |
| Annual Per SF | $25.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $25,872 |
| Annual Per SF | $7.61 |
| Total Expenses | |
|---|---|
| Annual | $25,872 |
| Annual Per SF | $7.61 |
| Net Operating Income | |
|---|---|
| Annual | $60,031 |
| Annual Per SF | $17.66 |
Property Facts
| Price | $1,290,000 | Building Class | C |
| Price Per Unit | $430,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,400 SF |
| No. Units | 3 | Average Occupancy | 33% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Low-Rise | Parking Ratio | 2.65/1,000 SF |
| Zoning | ALRPD* - Planned Development | ||
| Price | $1,290,000 |
| Price Per Unit | $430,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,400 SF |
| Average Occupancy | 33% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | ALRPD* - Planned Development |
Amenities
Unit Amenities
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 1,069 - 1,165 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5357-018-013 | Total Assessment | $746,852 |
| Land Assessment | $431,600 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $315,252 | Tax Year | 2025 |
Property Taxes
Parcel Number
5357-018-013
Land Assessment
$431,600
Improvements Assessment
$315,252
Total Assessment
$746,852
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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Videos
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3 Single Story Units | Alhambra | All 2+1's | 1721 S 9th St
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