1515 W Commonwealth Avenue Alhambra, CA ^$ 2,690,000

1515 W Commonwealth Avenue

^$ 2,690,000

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Recently Listed

1515 W Commonwealth Avenue

Alhambra, CA, 91803

^$ 2,690,000

Studio Baths1.0 Sq 6,392

Monthly Estimate*

^$ 16,563

Listed by EXP REALTY

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Studio

Single Family Home for sale in Alhambra, CA

for $2,690,000 with 1 full bath. This 6,392 square foot home was built in 1951 on a lot size of 0.1646.

A rare opportunity in Alhambra, CA! This 8-unit apartment property, owned by the family 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 3 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.

Single Family Active

Price

^$ 2,690,000

Bedrooms

Studio

Full Bath

Property Type

Single Family

Taxes

^$ 0

Style

Lot Size

0.1646

Year Built

1951

Town/City

Alhambra

County/Region

Los Angeles

MLS | Web ID

AR26030880

Days on Market

Features

General

Sewer PublicSewer

Garage Spaces 7

Pool Features None

Year Built 1951

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 180600

Community Features Urban

County Los Angeles

Net Operating Income 136675

Operating Expense 43925

Insurance Expense 4202

New Construction false

Property Type ResidentialIncome

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions 1515 W Commonwealth Ave Alhambra CA 91803-1606

City Alhambra

Entry Location 1

Senior Community Y/N false

Open Parking Spaces 1

Number Of Units Total 8

MLS Area 601 - Alhambra

Lot Size Units SquareFeet

Lot Size Square Feet 7168

Listing Terms Cash CashToNewLoan

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 267

Fuel Expense 784

Trash Expense 2318

Water Sewer Expense 2361

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 1

Property Sub Type Additional Apartment

Cap Rate 5.08

Interior

Total Stories 2

Common Walls TwoCommonWallsOrMore

Laundry Features LaundryRoom

Entry Level 1

Exterior

Lot Features ZeroToOneUnitAcre

Water Source Public

Total Parking 8

Lot Size Area 7168

Number of Buildings 1

Building Area Total 6392

Lot Size Acres 0.1646

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 9

Number of Separate Electric Meters 9

* Excluded Features

List By

Exp Realty

Broker

DONALD@DONALDLAREALTY.COM

Affordability Calculator

$16,563

Per Month

Monthly Principal & Interest: $16,563
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Alhambra, CA

Average List Price ^$1,013,136

Percent of Sale Price 62%

About Alhambra, CA

85,595 Population

1% Since 2002

^$56,913 Median Income

40.88 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/11/2026	$2,690,000		Listed Price

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1515 W Commonwealth Avenue, Alhambra, CA, 91803 is a Single Family Home for sale at $2,690,000 with 6,392 sqft and a lot size of 0.1646. 1515 W Commonwealth Avenue is a studio with 1.0 baths and was built in 1951. The property's zip code is 91803 which is in Alhambra, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 2/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1515 W Commonwealth Avenue

Single Family Home for sale in Alhambra, CA

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