Alhambra, CA 91801 2306 W Alhambra Road

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Presented By: Carol Bush with Seven Gables Real Estate; 626-226-6535
  • MLS# AR24197902
  • 09/26/2024
  • Request Tour
  • Request Info
  • Beds • 1
  • Baths • 1
  • SQFT • 3,060
  • Garage • 3

Home Details

4 UNITS in the heart of Northwest Alhambra: a golden opportunity for savvy investors seeking a turnkey multi-unit asset. This rare gem, a pair of meticulously renovated 1924 Art Deco Spanish Duplexes, is on the market for the 1st time in over 2 decades, offering a chance to step into immediate cash flow without the headache of renovation. The Value-Add Proposition: This fully occupied, turnkey investment presents a compelling case for both seasoned investors looking to capitalize on the current real estate market & first-time buyers looking to benefit from house-hacking by living in one unit while renting the others. Each of the 4 units has been thoughtfully updated, blending vintage charm with modern amenities. The extensive 2001 remodel addressed every aspect of the property, creating a low-maintenance turnkey investment primed for appreciation. Turnkey Features: ~Completely remodeled interiors with open floor plans ~Updated kitchens & baths with quality finishes ~Private in-unit laundry ~Modernized systems including HVAC, plumbing, and electrical ~Seismic retrofitting for earthquake safety Income Potential: The property boasts a stable tenant base with month-to-month leases, allowing for flexibility in maximizing rental income. Current rents are at or near market rate, with potential for organic growth as the real estate market evolves. Location, Location, Location: Positioned in a prime location, with easy access to key landmarks that make it highly attractive for renters. Near Alhambra Hospital Medical Center, it is an ideal option for healthcare professionals seeking convenient housing. Also close to Cal State Los Angeles, it is an excellent option for university staff or professors. With its proximity to both Burbank Airport & Los Angeles International Airport (LAX), it is well-suited for frequent travelers, airline staff, and business professionals. On the corner of Alhambra Rd & Primrose Ave, near local parks, top-rated schools, and South Pasadena’s vibrant restaurants and shopping just steps away. The Bottom Line: For investors seeking a passive income stream w/ upside potential, this multi-family investment is poised to deliver steady returns for years to come. Its combination of historic appeal, modern updates, & prime location make it a rare find. With the high-demand rental market, this is a low-risk, high-reward opportunity to acquire a stabilized asset with long-term appreciation prospects.
Presented By: Carol Bush with Seven Gables Real Estate; 626-226-6535

Interior Features for 2306 W Alhambra Road

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Wood
Heating Y/NYes
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level1

General for 2306 W Alhambra Road

Additional Parcels Y/NNo
Architectural StyleSpanish
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityAlhambra
Community FeaturesFoothills, Hiking, Park, StreetLights, Suburban, Sidewalks
Construction MaterialsDrywall, Stucco, CopperPlumbing
CoolingCentralAir
CountyLos Angeles
Current FinancingNone
Days on Market7
DirectionsSouth of Huntington between Fremont and Marengo
Electric On Property Y/NNo
Entry LocationFront
Garage Spaces3.0
Garage Y/NYes
Gross Income85200.0
HeatingForcedAir
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense1700.0
Interior FeaturesTileCounters, AllBedroomsDown, BedroomOnMainLevel
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet10966.0
Lot Size UnitsSquareFeet
MLS Area601 - Alhambra
MobileHomeRemainsYNNo
Net Operating Income81600.0
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
Operating Expense4580.0
Other StructuresSecondGarage, Sheds, Storage, TwoOnALot
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofFlat, SpanishTile
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot169
Tenant PaysCableTv, Electricity, Gas
TermsCashToNewLoan
Total Actual Rent7100.0
Trash Expense600.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewMountains, Neighborhood
View Y/NYes
Virtual TourClick here
Virtual TourClick here
Walk Score79
Water Sewer Expense2880.0
Waterfront Y/NNo
Year Built1924
Year Built SourcePublicRecords
ZoningALRPD*

Exterior for 2306 W Alhambra Road

Building Area Total3060.0
Crops Included Y/NNo
FencingStuccoWall
Foundation DetailsTieDown
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, FrontYard, Lawn, RectangularLot, SprinklerSystem, StreetLevel
Lot Size Acres0.2517
Lot Size Area10966.0
Lot Size SourcePublicRecords
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Concrete, Driveway, Garage, OnSite
Road Surface TypePaved
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,088,000
MLS#AR24197902
List Date 09/26/2024
Property Type Multi-Family
Phone 310.658.1749
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