221 N Bushnell Ave

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221 N Bushnell Ave

Alhambra, CA 91801
Asking Price
$11.30M
Cap Rate
4.85%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 40 Units | $282,500/unit <ul><li>​NO LOCAL RENT CONTROL - Alhambra operates under AB 1482 only. There is no local rent stabilization ordinance, no just-cause eviction overlay beyond state law, and no regulatory ceiling on rents set for incoming tenants. Each turnover captures the full spread between in-place and market rent, with no friction and no ceiling. In a submarket this active and this liquid, that regulatory clarity is a meaningful part of the investment thesis.</li><li>​BUILT-IN UPSIDE, NO CAPITAL REQUIRED - In

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NOI
$80,000
Cap Rate
0.71%
DSCR
0.12
Underwater
Cash-on-Cash
-17.43%
Monthly Payment
$55,906.235
Annual Cash Flow
$-590,874.814

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