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1515 W Commonwealth AvenueAlhambra, CA 91803

For Sale

$2,690,000

Smart Buyer Rebate $26,900

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.

Listed by Donald La

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License #01928418

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EXP REALTY

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626-824-8853

Last updated February 11, 2026

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Source: CRMLS #AR26030880

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouthwest San Gabriel Valley
  • Days on Prevu34

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

02/11/2026
Listed by EXP REALTY
$2,690,000

Property Details for 1515 W Commonwealth Avenue

Association

Amenities

  • Community Features: Urban

Exterior

Construction

  • Number Of Units Total: 8
  • Property Attached: Yes
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1951
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 6,392
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.16
  • Lot Size Area: 7,168
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,168
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.08
  • Gross Income: $180,600.00
  • Operating Expense: $43,925.00

Taxes

  • Parcel Number: 5343006001

Other

Location

  • Tax Lot: 1

Parking

Parking

  • Garage Spaces: 7
  • Garage: Yes
  • Open Parking Spaces: 1
  • Parking Total: 8

Utilities

Equipment

  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1515 W Commonwealth Avenue.

Does this multi-family home have parking?

Yes, there are 7 parking spaces available for 1515 W Commonwealth Avenue.

How does 1515 W Commonwealth Avenue compare to other multi-family homes in Southwest San Gabriel Valley?

This multi-family home is listed 2% above the average price for multi-family homes in Southwest San Gabriel Valley and has been on the market for 31 less days than the typical home in this area.

1515 W Commonwealth Avenue is a -bedroom multi-family home for sale in Alhambra CA 91803. On Prevu for 34 days at $2,690,000. This home is located in Southwest San Gabriel Valley. The median listing price for multi-family homes in this area is $1,069,000. The home offers parking. Explore more multi-family home listings in Los Angeles County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.