There are multiple listings for this address:
We are pleased to present the opportunity to acquire 1616 Cherry Lane, an attractive triplex property located in the highly desirable San Gabriel Valley submarket of Alhambra, California.
Constructed in 1925, the property is situated on a well-maintained ±5,497 square-foot lot with a total building size of ±1,536 square feet. The property is conveniently situated at the cross streets of S Marengo Avenue and Front Street, and is only two blocks from Valley Boulevard, a major neighborhood thoroughfare with numerous retailers, restaurants, and popular stores. The location offers excellent connectivity, with easy access to the 10 and 710 Freeways, and is just minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park and San Gabriel. The property features an ideal unit mix of three 1-bedroom/1-bathroom units, all of which are single-story and ground-level. On-site parking is available via a 2-car garage and a single-car garage. The property has also undergone extensive recent capital improvements, including brand new kitchen cabinetry and countertops, renovated bathrooms, new flooring in select units, new exterior paint, fascia boards, rain gutters, and all windows and security screen doors have been upgraded. These improvements enhance the property’s appeal and reduce future capital expenditures for a new owner. This offering presents an exceptional investment opportunity. With a highly attractive going-in cost basis of just $275,000 per unit, the property provides a strategic entry point for investors. Not subject to any local rent control, it offers significant rental upside, with market rents exceeding more than double the current rental income. 1616 Cherry Lane in Alhambra is a bread and butter, residential income producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Constructed in 1925, the property is situated on a well-maintained ±5,497 square-foot lot with a total building size of ±1,536 square feet. The property is conveniently situated at the cross streets of S Marengo Avenue and Front Street, and is only two blocks from Valley Boulevard, a major neighborhood thoroughfare with numerous retailers, restaurants, and popular stores. The location offers excellent connectivity, with easy access to the 10 and 710 Freeways, and is just minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park and San Gabriel. The property features an ideal unit mix of three 1-bedroom/1-bathroom units, all of which are single-story and ground-level. On-site parking is available via a 2-car garage and a single-car garage. The property has also undergone extensive recent capital improvements, including brand new kitchen cabinetry and countertops, renovated bathrooms, new flooring in select units, new exterior paint, fascia boards, rain gutters, and all windows and security screen doors have been upgraded. These improvements enhance the property’s appeal and reduce future capital expenditures for a new owner. This offering presents an exceptional investment opportunity. With a highly attractive going-in cost basis of just $275,000 per unit, the property provides a strategic entry point for investors. Not subject to any local rent control, it offers significant rental upside, with market rents exceeding more than double the current rental income. 1616 Cherry Lane in Alhambra is a bread and butter, residential income producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Property Details
Price:
$825,000
MLS #:
CV25203482
Status:
P
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
601
Listed Date:
Sep 8, 2025
Total Sq Ft:
1,536
Lot Size:
5,497 sqft / 0.13 acres (approx)
Year Built:
1925
See this Listing
Schools
Interior
Cooling
WW
Heating
WL
Laundry Features
NO
Exterior
Community Features
SDW, CRB
Parking Spots
3
Financial
Maintenance Fee
$1,500
Map
Community
- AddressCherry LN Lot 8 Alhambra CA
- CityAlhambra
- CountyLos Angeles
- Zip Code91803
Market Summary
Current real estate data for Single Family in Alhambra as of Oct 31, 2025
68
Single Family Listed
36
Avg DOM
322
Avg $ / SqFt
$606,289
Avg List Price
Property Summary
- Cherry LN Lot 8 Alhambra CA is a Single Family for sale in Alhambra, CA, 91803. It is listed for $825,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1925. The average price per square foot for Single Family listings in Alhambra is $322. The average listing price for Single Family in Alhambra is $606,289.
Similar Listings Nearby
Courtesy of CB RICHARD ELLIS. 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 2025. California Regional Multiple Listing Service. All rights reserved.Cherry LN Lot 8
Alhambra, CA
We are pleased to present the opportunity to acquire 1616 Cherry Lane, an attractive triplex property located in the highly desirable San Gabriel Valley submarket of Alhambra, California.
Constructed in 1925, the property is situated on a well-maintained ±5,497 square-foot lot with a total building size of ±1,536 square feet. The property is conveniently situated at the cross streets of S Marengo Avenue and Front Street, and is only two blocks from Valley Boulevard, a major neighborhood thoroughfare with numerous retailers, restaurants, and popular stores. The location offers excellent connectivity, with easy access to the 10 and 710 Freeways, and is just minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park and San Gabriel. The property features an ideal unit mix of three 1-bedroom/1-bathroom units, all of which are single-story and ground-level. On-site parking is available via a 2-car garage and a single-car garage. The property has also undergone extensive recent capital improvements, including brand new kitchen cabinetry and countertops, renovated bathrooms, new flooring in select units, new exterior paint, fascia boards, rain gutters, and all windows and security screen doors have been upgraded. These improvements enhance the property’s appeal and reduce future capital expenditures for a new owner. This offering presents an exceptional investment opportunity. With a highly attractive going-in cost basis of just $275,000 per unit, the property provides a strategic entry point for investors. Not subject to any local rent control, it offers significant rental upside, with market rents exceeding more than double the current rental income. 1616 Cherry Lane in Alhambra is a bread and butter, residential income producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Constructed in 1925, the property is situated on a well-maintained ±5,497 square-foot lot with a total building size of ±1,536 square feet. The property is conveniently situated at the cross streets of S Marengo Avenue and Front Street, and is only two blocks from Valley Boulevard, a major neighborhood thoroughfare with numerous retailers, restaurants, and popular stores. The location offers excellent connectivity, with easy access to the 10 and 710 Freeways, and is just minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park and San Gabriel. The property features an ideal unit mix of three 1-bedroom/1-bathroom units, all of which are single-story and ground-level. On-site parking is available via a 2-car garage and a single-car garage. The property has also undergone extensive recent capital improvements, including brand new kitchen cabinetry and countertops, renovated bathrooms, new flooring in select units, new exterior paint, fascia boards, rain gutters, and all windows and security screen doors have been upgraded. These improvements enhance the property’s appeal and reduce future capital expenditures for a new owner. This offering presents an exceptional investment opportunity. With a highly attractive going-in cost basis of just $275,000 per unit, the property provides a strategic entry point for investors. Not subject to any local rent control, it offers significant rental upside, with market rents exceeding more than double the current rental income. 1616 Cherry Lane in Alhambra is a bread and butter, residential income producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Property Details
Price:
$825,000
MLS #:
CV25203576
Status:
P
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Triplex
Neighborhood:
601
Listed Date:
Sep 8, 2025
Finished Sq Ft:
1,536
Total Sq Ft:
1,536
Lot Size:
5,497 sqft / 0.13 acres (approx)
Year Built:
1925
See this Listing
Schools
Interior
Cooling
WW
Heating
WL
Laundry Features
NO
Exterior
Community Features
SDW, CRB
Parking Spots
3
Financial
Maintenance Fee
$1,500
Map
Community
- AddressCherry LN Lot 8 Alhambra CA
- CityAlhambra
- CountyLos Angeles
- Zip Code91803
Market Summary
Current real estate data for Single Family in Alhambra as of Oct 31, 2025
68
Single Family Listed
36
Avg DOM
322
Avg $ / SqFt
$606,289
Avg List Price
Property Summary
- Cherry LN Lot 8 Alhambra CA is a Single Family for sale in Alhambra, CA, 91803. It is listed for $825,000 and features 3 beds, 3 baths, and has approximately 1,536 square feet of living space, and was originally constructed in 1925. The current price per square foot is $537. The average price per square foot for Single Family listings in Alhambra is $322. The average listing price for Single Family in Alhambra is $606,289.