Date
Details
Price
Change
Source
1/06/2025
Listed
$2,875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/43
$2,875,000 Just Listed
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1/43
Property Description
A rare opportunity in Alhambra, CA! This 8-unit apartment property, on the market for the first time since 1959, offers a prime corner location with parking on both Bushnell Ave and Commonwealth Ave. The unit mix includes six 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with four units to be delivered vacant, presenting immediate market rent potential. This low-maintenance property features separate gas and electric meters for each unit, a master water meter, and 7 garage parking spaces plus 1 open space. On-site washer and dryer units, owned by the landlord and included in the sale, provide additional income opportunities. Conveniently located within walking distance of Costco Wholesale (0.5 miles) and with easy access to the 710 and 10 freeways, this property is perfect for investors seeking a solid, long-term asset with very low vacancy.
Full Property Details
Full Property Details for 1515 W Commonwealth Ave
General
- Price: $2,875,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: WS25000910
- Updated: 1/6/2025
- Days on Market: 1 days
- Added to Site: 1 day(s) ago
Rooms
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 7
Location
- Area: 601 - Alhambra
- County: Los Angeles
- Development Name: 601 - Alhambra
- Driving Directions: 1515 W Commonwealth Avenue, Alhambra CA
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 8
- # Electric Meters: 8
Structural Information
- Entry Location: Front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 6,392
- Year Built: 1951
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 6
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1646
- Lot Size (Sq. Ft.): 7,168
- Lot Size Source: Assessor
- Zoning: ALRPD*
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $449.78
- Price Per Unit: 359375
Listed by KW Executive, DONALD LA
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Listing agent
— 1515 W Commonwealth Ave —
DONALD LA
KW Executive
626-888-2995
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1515 W Commonwealth Ave
School District:Alhambra Unified School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
409 S Atlantic Blvd, Alhambra, CA 91801 | K-8 | 0.3 mi | |
|
101 S 2nd St, Alhambra, CA 91801 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1515 W Commonwealth Ave
Tax History
Tax History for 1515 W Commonwealth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,952
2%
$183,524
2%
2022
$4,833
1%
$179,950
2%
2021
$4,765
—
$176,446
1%
2020
$4,747
2%
$174,650
3%
2019
$4,668
2%
$170,060
2%
2018
$4,563
2%
$166,727
2%
2017
$4,474
6%
$163,459
2%
2016
$4,231
1%
$160,255
2%
2015
$4,189
—
$157,849
2%
2014
$4,206
1%
$154,758
—
2013
$4,182
—
$154,060
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1515 W Commonwealth Ave
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- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,181Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,196Sq. Ft.
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- Condo
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 1,345Sq. Ft.
- Condo
- Active
- Updated 7 hours ago
- 4Beds
- 4Total Baths
- 2,230Sq. Ft.
- Townhouse
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 914Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 1,325Sq. Ft.
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1515 W Commonwealth Avenue, Alhambra, CA 91803 (MLS# WS25000910) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 1515 W Commonwealth Avenue is currently listed for $2,875,000 and was received on January 06, 2025. Want to learn more about 1515 W Commonwealth Avenue? Do you have questions about finding other Multi-Family real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.