Updated Sep 8, 2026
David Wang Acquires Multifamily Asset From Gertrude Burke In Alhambra For $4.8M
30 North 1st Street
$4,796,250
$345/SF
Building Size
13,875 SF
Asset Type
MultiFamily
Closing
Aug 28, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 30-32, 34-36, and 100-102 N. 1st Street in the Alhambra market. The sale price for this property was $4,796,250, encompassing a total of 36 units. The property spans 13,875 square feet, yielding a price per unit of $133,229 and a price per square foot of $345.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,796,250
- Units: 36
- Square Footage: 13,875
- Price Per Unit: $133,229
- Price Per Square Foot: $345
- Buyer: David Wang
- Seller: Gertrude Burke
- Buyer's Representative: Eric Chen & Blake Torgerson - CBRE
In this transaction, David Wang acquired the property from Gertrude Burke, with Eric Chen and Blake Torgerson representing the buyer through their agency CBRE. This deal highlights the involvement of key individuals in facilitating the sale within the multifamily sector.
On the Map
$4,796,250
$345/SF
MultiFamily
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Players
Alhambra MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.31%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93