5 Unit Mixed Use Investment Property For Sale
El Sereno, Los Angeles, California
We are pleased to present 5501–5505 Alhambra Avenue, a five-unit mixed-use investment property for sale in El Sereno, Los Angeles. The property is 100% occupied and offers a strong 7.25% cap rate, above the submarket average. The asset also provides additional value-add upside through rent growth, operational efficiencies, and future development potential.
The property spans two adjacent parcels on a prominent corner lot and includes four apartment units and one retail or office space, along with a bonus non-conforming studio unit. The buildings total approximately 3,240 square feet on a 7,905 square foot lot in one of Northeast Los Angeles’ most active rental and investment submarkets.
The unit mix includes two three-bedroom units, one two-bedroom unit, one standalone one-bedroom house, and a ground-floor retail or office suite. The bonus studio unit of approximately 300 square feet provides additional income potential. All units are individually metered. The office space was fully renovated and leased earlier this year at market rate rents, demonstrating strong tenant demand and achievable rental levels.
The site features a large paved and gated parking area accommodating approximately ten vehicles with double egress. The corner configuration provides excellent visibility and signage potential along Alhambra Avenue, a major Northeast Los Angeles commercial corridor. The main power panel has been upgraded, representing a major capital improvement. Mixed-use C2 zoning supports retail, multifamily, and redevelopment opportunities.
This El Sereno mixed-use investment offers value-add potential through rent increases, operational improvements, and future development flexibility. Stabilized occupancy combined with upside makes the property attractive for investors seeking immediate cash flow and long-term appreciation in Los Angeles.
Stabilized five-unit mixed-use asset delivering a strong in-place return above the submarket average, with recent leasing activity supporting current market demand.
Two-parcel corner site with C2 zoning, strong street presence, gated parking, and additional upside through rent growth, operational efficiencies, and future development potential.
Located just blocks from Cal State LA and minutes from Alhambra, South Pasadena, Highland Park, and Downtown Los Angeles, with strong tenant demand from nearby employers, students, and professionals.
The property sits just blocks north of California State University, Los Angeles, approximately 500 feet west of Alhambra, and minutes from South Pasadena, Highland Park, and Downtown Los Angeles. This location supports consistent tenant demand from students, medical employees, and local professionals.
Nearby employment centers include USC Keck Medical Center, Kaiser Permanente, Cal State LA, the Alhambra Office Complex, and the Grifols Corporate Campus. National retailers and daily amenities nearby include Target, Costco, Starbucks, LA Fitness, Home Depot, the Alhambra Mall, and The Shops at The Alhambra.
The property offers convenient access to the 710, 10, 110, and 5 freeways, creating strong regional connectivity throughout Los Angeles County and the San Gabriel Valley.
Download the full property package for rent roll, financials, photos, and additional investment details.
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John Hanrahan
The Arts District Group
DRE #02018381
Phone: 323-327-3686
Email: john.m.hanrahan@gmail.com
Website: theartsdistrictgroup.com