Alhambra is the submarket most Los Angeles owners misprice, and they misprice it in the same direction every time: they underwrite it as if the LA City Rent Stabilization Ordinance applies. It does not.
Selling an apartment building here? Alhambra multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 1 |
| Units | 27 |
| Total volume | $8.0 million |
| Price per unit | $297K |
One closing is a real price at a real address, not a comp set. Pricing a Alhambra building should draw on the adjacent submarkets too — the full record is in the Sterman Transaction Index.
| Address | Units | Price | Closed |
|---|---|---|---|
| 2101 Vine St | 27 | $8,017,500 | 2024-08 |
This is the fact that drives everything else on this page. Alhambra is its own city — incorporated July 11, 1903, one of the oldest suburbs in Los Angeles County — and it has never adopted local rent stabilization. In Ap...
Read the full seller's guide →Living in townA western San Gabriel Valley city of roughly 86,800, incorporated in 1903 and one of the oldest suburbs in Los Angeles County. Dense, walkable commercial spine along Main Street with a substantial mix of pre-1978 apartme...
See the full neighborhood profile →Closings1 Sterman Multifamily Group closing in Alhambra. See the full transaction record.
See all 1 Alhambra closing →FAQCommon questions about selling multifamily in Alhambra.
Read the full FAQ →Owners here routinely misprice their buildings in one direction: they underwrite as if the LA City RSO applies. It does not — Alhambra has no local rent control, and the City Council declined both rent control and a rental registry in April 2026. A pre-1978 Alhambra building operates under AB 1482 at 5% plus CPI while its LA City equivalent now sits under a 4% ceiling, and over a hold period that is a materially different income trajectory. The counterweight to watch is ordinance O2M26-4861, which would add Chapter 6.29 and raise no-fault relocation assistance from one month to three months' rent, with a first reading on June 22, 2026 and an exemption for properties of four or fewer units except on demolition or substantial remodel — verify its adoption status before relying on it. I closed 27 units on Vine Street at $8,017,500 in August 2024.
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