2306 West Alhambra Road Alhambra, CA 91801
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $584
MLS Listing ID AR-26069090
Style Spanish
Year Built 1924
Lot Size 0.252 Acres
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
With 4 spacious 1-bedroom, 1-bath Units across two separate buildings, this property blends 1924 Spanish character with a comprehensive renovation completed in 2001. Each unit includes in-unit laundry, & the property offers 3 private garages plus additional driveway parking, amenities that support strong tenant demand & rental growth.
Fully occupied with responsible, stable tenants, the property generates consistent income from day one. All units are fully occupied with month-to-month tenants, providing immediate income & flexibility for a new owner to adjust rents and optimize cash flow.
This is an ideal opportunity for a long-term hold investor seeking a well-maintained asset with immediate and achievable income growth. The property has been consistently maintained, minimizing near-term capital expenditures while preserving future value-add potential.
Located just minutes from South Pasadena, Alhambra Park, and a convenient Downtown Los Angeles commute, the property benefits from a highly desirable San Gabriel Valley location known for its strong and consistent rental demand.
Investment Highlights:
~Current Gross Income: $7,300/month ($87,600/year).
~Pro Forma Potential: $9,000+/month ($108,000+/year).
~23% rental upside.
~Units with rent increase potential.
~Month-to-month tenants (operational flexibility).
~In-unit laundry in all units.
~3 garages + additional driveway parking.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALRPD*
Interior
Interior Features Copper Plumbing Full, Tile Counters
Heating Forced Air
Flooring Carpet, Laminate, Tile, Wood
Fireplaces Type None
Laundry Gas Dryer Hookup, Inside, Washer Hookup
Exterior
Parking Features Garage, On Site, Assigned, Concrete, Driveway
Garage Spaces 3.0
Pool None
Community Features Foothills, Hiking, Park, Sidewalks, Street Lights, Suburban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
View Y/N Yes
View Mountain(s)
Building
Lot Description Corner Lot, Front Yard, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Sprinkler System, Back Yard
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
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