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2306 W Alhambra Road, Alhambra, CA 91801

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For Sale

$1,990,000

4 beds • 4 baths • 3,060 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $650.33
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# AR24197902

Courtesy Of House of Seven Gables Real Estate Inc.

(714) 731-3777

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Lawn, Sprinkler System
  • Architecture Style
    Spanish
  • Exterior Type
    Stucco
  • Floor Covering
    Carpet, Wood
  • Heating System
    Forced Air
  • Roof Type
    Tile
  • Rooms
    Kitchen, Living Room
  • View Type
    Mountain

Map and Directions

Directions to 2306 W Alhambra Road, Alhambra, CA 91801

Home seller CENTURY 21 Real Estate Alliance

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CENTURY 21 Real Estate Alliance

(626) 285-2121
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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