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2306 W Alhambra Road

Alhambra, CA 91801

– beds
– baths
– sqft
10,966 sqft lot
1924 build
– on site

FOUR UNITS: Capture the chance for a prime investment opportunity with this pair of meticulously renovated Art Deco Spanish Duplexes, promising immediate cash flow, low maintenance and long-term appreciation. These meticulously renovated units, nestled in the vibrant heart of Northwest Alhambra present an unparalleled opportunity for astute investors to acquire a high-performing, low-risk multi-unit asset, without the need for renovations. Each of the four units has been thoughtfully updated to blend historic charm with contemporary amenities, ensuring a high-quality living experience. The Comprehensive Renovation in 2001 encompassed all aspects of the property, including updated kitchens and baths, open floor plans, in-unit laundry, and modernized systems (HVAC, plumbing, electrical). The property also features seismic retrofitting for enhanced earthquake safety. Three private garages and two locking storage rooms provide additional amenities. On the exterior, fresh paint, completely redone concrete surfaces, including driveways and walkways, enhance curb appeal and reduce future maintenance costs. Stable Tenant Base: All units are fully occupied by long-term, reliable tenants on month-to-month leases, with low market rents, offering flexibility for rent increases to optimize the rental income, in addition to organic growth from market appreciation. Prime Location, situated on a corner lot in Northwest Alhambra, offering easy access to local amenities, schools, and South Pasadena's vibrant dining and shopping scene. This property offers a unique opportunity for investors seeking passive income and significant upside potential. With its blend of historic charm, modern updates, and prime location, it stands out in today’s competitive market. Ideal for seasoned investors and first-time buyers looking to house-hack, this low-risk, high-reward asset is poised for appreciation in one of Alhambra's most desirable neighborhoods.

Listed By CRMLS_CA / Carol Bush / Seven Gables Real Estate / 626-226-6535

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# AR24197902 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1924
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Drywall Walls, Stucco
Architectural Style:

Spanish
Roof:

Flat, Spanish Tile
Entry Level:

1
Foundation:

Seismic Tie Down
Common Walls:

1 Common Wall
Building Area Total:

3060.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

4
Stories Total:

1
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Copper Plumbing Full, Tile Counters
Levels:

One
Entry Location:

Front
Flooring:

Carpet, Wood
Room Type:

All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
Fireplace:

No
Fireplace:

None
Laundry:

Inside
Laundry:

1

Location

Directions:

South of Huntington between Fremont and Marengo
Latitude:

34.09843900
Longitude:

-118.14871400

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Updated/Remodeled
Zoning:

ALRPD*
Lot Features:

Corner Lot, Front Yard, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Sprinkler System
Lot Size Area:

10966.0000
Lot Size Acres:

0.2517
Lot Size SqFt:

10966.00
Lot Size Source:

Public Records
View:

1
View:

Mountain(s), Neighborhood
Fencing:

Stucco Wall
Fence:

Yes
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Other Structures:

Second Garage, Second Garage Detached, Shed(s), Storage, Two On A Lot
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4808.04
Tax Tract:

480804
Tax Lot:

169

The Listing

Virtual Tour
Virtual Tour
Special Listing Conditions:

Standard
Virtual Tour
Parcel Number:

5339014007

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Foothills, Hiking, Park, Sidewalks, Street Lights, Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Assigned, Driveway, Concrete, Garage, On Site
Parking Spaces:

3.00
Garage Spaces:

3.00

Extra Units

Average 1 Bed Area:

750
Number With Carpet:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/20/24 Nov 20, 2024	Price Changed	CRMLS_CA	$1,990,000	-4.7%
9/26/24 Sep 26, 2024	Listed / Active	CRMLS_CA	$2,088,000

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This multifamily located in Alhambra, CA 91801 is currently for sale for $1,990,000. 2306 W Alhambra Road is a – square foot multifamily with – beds and – baths that has been on Estately for 57 days. This multifamily is in the attendance area of Park Elementary School and Alhambra High School.

Listing Courtesy of: CRMLS_CA and Seven Gables Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.