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2306 W Alhambra Road

Alhambra, CA 91801

PRICE REDUCED

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-$98,000 (-4.69%)

$1,990,000

List Price

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1924

calendar_month Built

Property Description

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.

Listing Information

List Price $1,990,000
Status Active
MLS AR24197902
Type Residential Income
Subtype Quadruplex
Year Built 1924
Lot Size 10,966
Structure Size N/A
DOM 69
Courtesy Of Seven Gables Real Estate
Listing Agent Carol Bush DRE#01995250

Interior Features

Laundry Information
Location(s) Inside
Bedroom Information
Features Bedroom on Main Level, All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Wood
Fireplace Information
Features None
Additional Information
Additional Features Tile Counters, All Bedrooms Down, Bedroom on Main Level
Cooling Type
Cooling Type Central Air

Exterior Information

Other Structures
Structures Second Garage,Shed(s),Storage,Two On A Lot
View Yes

Maps

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Listing information courtesy of: Carol Bush, Seven Gables Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:28 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.