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 &#38' 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 &#38' 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 &#38' Los Angeles International Airport (LAX), it is well-suited for frequent travelers, airline staff, and business professionals. On the corner of Alhambra Rd &#38' 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, &#38' 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.