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.More details
This charming vintage duplex is nestled on the hilltops of Echo Park, offering breathtaking city-light views and serene wilderness vistas. This section of Park Drive is quite unique in that there are no homes across the street, and the property's front yard looks at trees and nature—offering a tranquil ambiance. The property features a classic Spanish-bungalow style, with 1,487 square feet of living space spread across two units. The upper unit, a spacious 875 square feet, features one bedroom, one bathroom, dining room, and stunning views. The lower unit, at 612 square feet, also offers one bedroom, one bathroom, and a cozy ambiance. Each unit features their own in-unit laundry closets, central heating, and separate patio spaces. The detached one-car garage and driveway provide convenient storage and parking for the upstairs unit. Seize the opportunity to own this unique property in a coveted location.More details