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.
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.
Property Details
Price:
$1,990,000
MLS #:
AR24197902
Status:
Active
Baths:
0
Address:
2306 W Alhambra Road
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
601alhambra
City:
Alhambra
Listed Date:
Sep 26, 2024
State:
CA
ZIP:
91801
Lot Size:
10,966 sqft / 0.25 acres (approx)
Year Built:
1924
See this Listing
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Schools
Interior
Cooling
Central Air
Fireplace Features
None
Flooring
Carpet, Wood
Heating
Forced Air
Interior Features
Copper Plumbing Full, Tile Counters
Exterior
Community Features
Foothills, Hiking, Park, Sidewalks, Street Lights, Suburban
Fencing
Stucco Wall
Foundation Details
Seismic Tie Down
Garage Spaces
3.00
Lot Features
Corner Lot, Front Yard, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Sprinkler System
Parking Features
Assigned, Driveway, Concrete, Garage, On Site
Parking Spots
3.00
Pool Features
None
Roof
Flat, Spanish Tile
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Mountain(s), Neighborhood
Water Source
Public
Financial
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address2306 W Alhambra Road Alhambra CA
- Area601 – Alhambra
- CityAlhambra
- CountyLos Angeles
- Zip Code91801
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Courtesy of Seven Gables Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2306 W Alhambra Road
Alhambra, CA
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