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2306 W Alhambra Road
601 - Alhambra Alhambra 91801

$1,990,000
Residential Income built: 1924

Main Photo: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 1: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 2: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 3: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 4: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 5: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 6: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 7: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 8: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 9: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 10: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 11: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 12: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 13: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 14: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 15: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 16: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 17: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 18: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 19: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 20: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 21: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 22: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 23: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 24: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 25: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 26: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 27: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 28: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 29: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 30: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 31: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 32: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Photo 33: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
AR24197902
Year Built:
1924
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.
Home Style:
Spanish
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
10,966 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1924 (Age: 100)
General Listing Location:
Alhambra, 601 - Alhambra
County Or Parish:
Los Angeles
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
None
Gross Income:
$85,200
Gross Scheduled Income:
$85,200
Net Operating Income:
$81,600
Rent Control:
No
Total Actual Rent:
$7,100
Land Lease:
No
Insurance Expense:
$1,700
Operating Expense:
$4,580
Trash Expense:
$600
Water and Sewer Expense:
$2,880
Tax Lot:
169
South of Huntington between Fremont and Marengo
Floor
Type
Size
Other
-
Kitchen
0 × 0
-
-
Laundry
0 × 0
-
-
Bedroom
0 × 0
All Bedrooms Down
-
Living Room
0 × 0
-
-
Bedroom
0 × 0
Bedroom on Main Level
View:
Mountain(s), Neighborhood
Number of Buildings:
2
Other Structures:
Second Garage, Shed(s), Storage, Two On A Lot
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
# Units Leased:
4
Community Features:
Foothills, Hiking, Park, Street Lights, Suburban, Sidewalks
Senior Community:
No
Interior Features:
Tile Counters, All Bedrooms Down, Bedroom on Main Level
Laundry Features:
Inside
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Corner Lot, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Street Level
Fireplace Features:
None
Levels:
One
Num Stories:
1
Entry Level:
1
Entry Location:
Front
Construction Materials:
Drywall, Stucco, Copper Plumbing
New Constr.:
No
Flooring:
Carpet, Wood
Foundation:
Tie Down
Roof:
Flat, Spanish Tile
Common Walls:
1 Common Wall
# Units:
4
Property Condition:
Updated/Remodeled
Heating:
Forced Air
Fireplace:
No
Cooling:
Central Air
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Fencing:
Stucco Wall
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Surface Type:
Paved
Garage Spaces:
3
Total Parking Spaces:
3
Parking Features:
Assigned, Concrete, Driveway, Garage, On Site
Special Listing Conditions:
Standard
Parcel Number:
5339014007
Zoning:
ALRPD*
  • Photo 1: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
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  • Photo 2: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    FOUR Units, 2 separate buildings.
  • Photo 3: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    First Duplex - 2 units facing Primrose Ave
  • Photo 4: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Corner lot, 2 buildings
  • Photo 5: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    2 units facing Primrose Ave
  • Photo 6: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Primrose street view
  • Photo 7: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Second duplex - 2 units facing Alhambra Rd
  • Photo 8: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Back of Primrose Units
  • Photo 9: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Back of Alhambra Rd Units
  • Photo 10: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Alhambra Rd Units
  • Photo 11: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Alhambra Rd Units
  • Photo 12: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    All units were updated w/ faux fireplaces.
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  • Photo 25: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Grassy area/backdoors for Alhambra Rd Units
  • Photo 26: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Grassy area/backdoors for Alhambra Rd Units
  • Photo 27: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Facing towards Alhambra Rd.
  • Photo 28: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    All units have Forced Air Heat & Central AC
  • Photo 29: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
    Primrose Units on Left, Alhambra Rd Units on Right. 2 car garage between. 1 car garage w/ storage on Right.
  • Photo 30: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra)  : MLS®# AR24197902
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Listed by Seven Gables Real Estate
Data was last updated December 23, 2024 at 06:40 PM (UTC)