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Listed by Carol Bush, DRE #01995250 • Seven Gables Real Estate
$ 1,790,000
Est. payment /mo
Price Dropped by $60K
2306 W Alhambra RD Alhambra, CA 91801
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26069090
Style Spanish
Year Built 1924
Lot Size 0.252 Acres
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Positioned in a strong rental pocket of North Alhambra, adjacent to South Pasadena, this 4-unit property offers stable in-place income with a clear path to long-term upside. With 4 spacious 1-bedroom, 1-bath Units across two separate buildings, this property blends 1924 Spanish character with a comprehensive renovation completed in 2001. Each unit includes in-unit laundry, & the property offers 3 private garages plus additional driveway parking, amenities that support strong tenant demand & rental growth. Fully occupied with responsible, stable tenants, the property generates consistent income from day one. All units are fully occupied with month-to-month tenants, providing immediate income & flexibility for a new owner to adjust rents and optimize cash flow. This is an ideal opportunity for a long-term hold investor seeking a well-maintained asset with immediate and achievable income growth. The property has been consistently maintained, minimizing near-term capital expenditures while preserving future value-add potential. Located just minutes from South Pasadena, Alhambra Park, and a convenient Downtown Los Angeles commute, the property benefits from a highly desirable San Gabriel Valley location known for its strong and consistent rental demand. Investment Highlights:
Location
State CA
County Los Angeles
Area 601 - Alhambra
Rooms
Kitchen Oven Range - Gas
Interior
Heating Forced Air
Cooling Central AC
Flooring Laminate
Laundry Gas Hookup, 30, Other
Exterior
Parking Features Assigned Spaces, Garage, Common Parking Area, Other
Garage Spaces 9.0
Pool 31, None
View Hills, Local/Neighborhood
Roof Type Flat / Low Pitch,Tile
Building
Lot Description Grade - Level
Story One Story
Foundation Other
Water District - Public
Architectural Style Spanish
Others
Tax ID 5339014007
Special Listing Condition Not Applicable
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