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$1,990,000
88 Days On Site

2306 W Alhambra Road
Alhambra, CA 91801

For Sale|Quadruplex|Active
0
Beds
0
Full Baths
0
Partial Baths
3,060
SqFt
$650
/SqFt
1924
Built
County:
Los Angeles
Listed by Carol Bush of Seven Gables Real Estate [email protected]

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2306 W Alhambra Road2306 W Alhambra Road2306 W Alhambra Road2306 W Alhambra Road
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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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Listing Snapshot
Price 
$1,990,000
Days On Site 
88 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,060 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2517 Acres
Year Built 
1924
MLS® Number 
AR24197902
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoPrice changed to $1,990,000
a month agoListing updated with changes from the MLS®
3 months agoStatus changed to Active
3 months agoListing first seen on site
General Features
Acres 
0.2517
Garage 
Yes
Garage Spaces 
3
Number Of Stories 
1
Parking 
AssignedConcreteDrivewayGarageOn Site
Parking Spaces 
3
Property Condition 
Updated/Remodeled
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3060
Stories 
One
Style 
Spanish
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
ALRPD*
Interior Features
Cooling 
Central Air
Fireplace Features 
None
Flooring 
CarpetWood
Heating 
Forced Air
Interior 
Tile CountersMaster Downstairs
Laundry Features 
Inside
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Exterior Features
Construction Details 
Stucco
Lot Features 
Corner LotFront YardRectangular Lot
Other Structures 
Second GarageShed(s)Storage
Pool Features 
None
Roof 
FlatSpanish Tile
Spa Features 
None
View 
Mountain(s)Neighborhood
Waterview 
Mountain(s)Neighborhood
Community Features
Building Access 
Front
Community Features 
ParkStreet LightsSuburbanSidewalks
MLS Area 
601 - Alhambra
Roads 
Paved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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