Active

2306 W Alhambra RD

ALHAMBRA CA, 91801

$1,990,000


$650.33 per sqft

Active

4 Beds

4 Baths

3,060 sqft

Multi-family

Built in 1924

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.

AR24197902MR

MLS ID

September 26, 2024

Listed

November 22, 2024

Updated

Map

2306 W Alhambra RD
ALHAMBRA CA, 91801

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

4


Laundry Description

Inside


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.25 Acres


Architectual Style

Spanish


Roof

Flat, Spanish Tile


Sewer

Public Sewer

Other Property Details

Area Name

Alhambra


Days on Market

55


Garage

Yes


Garage Spaces

3


Parking

Assigned, Driveway, Garage


Parking Total

3


View

Yes


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

ALRPD*

Listing History

Date

Event

Price

11/21/2024

Price change

$1,990,000

-5%

Listed by Carol Bush with Seven Gables Real Estate
Listing Contact: 626-226-6535 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Withers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/22/2024

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