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Listed by Stephen Shloss • Regency Real Estate Brokers
$2,500,000
Est. payment /mo
Price Dropped by $400K
Alhambra, CA 91801
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-26007472
Year Built 1928
Tax Year 2025
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel.
Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal.
The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify).
Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility).
Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal.
The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify).
Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility).
Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Laundry None
Exterior
Utilities Available See Remarks
Building
Lot Description Garden, Greenbelt, Lot 10000-19999 Sqft, 0-1 Unit/Acre
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