1201 W Woodward

Stabilized triplex in the heart of Alhambra — 100% occupied, zero collection risk. 1201-1205 W Woodward Ave presents a rare opportunity to acquire a fully occupied income property in the desirable MLS Area 601 submarket. The building consists of one 2-bedroom/1-bath and two 1-bedroom/1-bath units generating $6,925/month ($83,100/yr) in owner-verified gross income. Units 1203 & 1205 are on active Housing Choice Voucher (HAP) contracts — rent paid directly by the housing authority every month. Unit 1201 is a long-term private-pay tenant since 2012. Cap rate 5.12% | NOI $63,970 | GRM 15.03. Annual 4% rent increases each April on Section 8 units. No local rent control — Alhambra is AB 1482 only. Built 1951 | 2,200 sqft | 8,357 sqft lot | 3 parking spaces | Walk Score 92. Minutes to I-10, Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. A true set-it-and-forget-it income asset in one of Southern California's most resilient appreciation markets.