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3111 W Ramona Rd
For Sale $3,700,000 ($314.15 per Sq Ft)
$3,700,000 ($314.15 per Sq Ft)
- 13 Units
- 11,778 Sq Ft
- 11,256 Sq Ft
- Unknown Cap Rate
Description
Long-term ownership since 1974 presents the opportunity to acquire a well-maintained 13-unit apartment property located in the desirable Midwick Park / Alhambra Hills neighborhood of Alhambra. The property features an attractive unit mix, recent capital improvements including newer roof and electrical panels, 11 carports, on-site storage, and strong long-term tenancy. Excellent San Gabriel Valley location near Cal State LA, Downtown Alhambra amenities, and the I-10 Freeway. Approximately 10%+ rental upside with stable in-place income.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,700,000 |
| Property Type | Multi-Family |
| Usable Sqft | 11,778 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5352013007 |
| MLS # | 26839467 |
| Property ID | 292913976 |
| Lot Sqft | 11,256 |
| Zoning | ALRPD* |
| Total Units | 13 |
| Days on Market | 6 |
| Original List Price | $3,700,000 |
| Date Updated | May 27, 2026 |
| Date Created | May 27, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.50 | $2,095 | $2,200 |
| Unit #2 | 2 | 1.00 | $2,026 | $8,800 |
| Unit #3 | 1 | 1.00 | $1,715 | $14,800 |
| Gross Income (Yr) | $ 280,382 |
| Operating Expenses | $ 113,434 |
| Net Income (Yr) | $ 166,948 |
| Cap Rate | 4.51% |
Listing Provided By
Seth Polen an agent of . Lic #01133279
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