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About the Listing 31270 - AR41717
Positioned in a strong rental pocket of North Alhambra, adjacent to South Pasadena, this 4-unit property offers stable in-place income with a clear path to long-term upside. 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.
Listing Highlights
Status
Active
Days on Site
49
Property Type
Multi-Family
MLS ®
AR26069090
Year Built
1924
Total Square Footage
3,060
Lot/Acreage
0.25
County
Los Angeles
Area
601 - Alhambra
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Gas Range
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor: Carpet,Laminate,Tile,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Tile Counters,All Bedrooms Down,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: Back Yard,Corner Lot,Front Yard,Lawn,Rectangular Lot,Sprinkler System,Street Level,No Land Lease
- Garage Capacity: 3 car
- Parking Spaces: 9
- Zoning: ALRPD*
- Roof: Flat,Spanish Tile
- Others: Updated/Remodeled,Drywall,Stucco,Copper Plumbing,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Concrete,Driveway,Garage,On Site
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5339014007
- Tax Year: N/A
Payment Calculator
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Questions About..
2306 W Alhambra Rd Alhambra, CA 91801
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