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.
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Last updated Oct 23, 2024
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MLS# AR24197902 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1924
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Year Built Source:Public Records
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New Construction:No
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Construction Materials:Drywall Walls, Stucco
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Architectural Style:Spanish
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Roof:Flat, Spanish Tile
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Entry Level:1
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Foundation:Seismic Tie Down
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Common Walls:1 Common Wall
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Building Area Total:3060.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:1
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Features:Copper Plumbing Full, Tile Counters
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Levels:One
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Entry Location:Front
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Flooring:Carpet, Wood
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Room Type:All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
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Fireplace:No
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Fireplace:None
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Laundry:Inside
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Laundry:1
Location
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Directions:South of Huntington between Fremont and Marengo
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Latitude:34.09843900
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Longitude:-118.14871400
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Property Condition:Updated/Remodeled
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Zoning:ALRPD*
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Lot Features:Corner Lot, Front Yard, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Sprinkler System
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Lot Size Area:10966.0000
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Lot Size Acres:0.2517
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Lot Size SqFt:10966.00
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Lot Size Source:Public Records
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View:1
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View:Mountain(s), Neighborhood
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Fencing:Stucco Wall
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Fence:Yes
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Other Structures:Second Garage, Second Garage Detached, Shed(s), Storage, Two On A Lot
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4808.04
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Tax Tract:480804
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Tax Lot:169
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5339014007
Heating & Cooling
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Heating:1
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Heating:Forced Air
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Cooling:Yes
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Cooling:Central Air
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Foothills, Hiking, Park, Sidewalks, Street Lights, Suburban
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Pool:None
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Assigned, Driveway, Concrete, Garage, On Site
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Parking Spaces:3.00
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Garage Spaces:3.00
Extra Units
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Average 1 Bed Area:750
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Number With Carpet:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/26/24
Sep 26, 2024
|
Listed / Active | CRMLS_CA | $2,088,000 |
