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About the Listing CLW-X78796 - CLW-C143643
201-203 S. Meridian Ave offers a rare opportunity to acquire a well-maintained duplex in the heart of Alhambra, available for the first time in over 30 years. This pride-of-ownership property has been carefully preserved, making it an excellent option for investors seeking stable income with future upside.The asset features two spacious 2-bedroom, 1-bathroom units, each approximately 1,000square feet. Both units offer functional layouts with comfortable living areas and ample natural light. They are separately metered for gas and electricity, allowing for efficient expense management and reduced landlord overhead. Situated on a 6,222 square foot lot with R-2 zoning, the property includes garage parking, adding convenience and tenant appeal. The zoning may also present potential for future development or expansion (buyer to verify).Centrally located, the property is just minutes from major retail destinations like Costco andTarget, as well as the dining and shopping options in Downtown Alhambra. The location supports strong rental demand due to its accessibility and neighborhood amenities.With current rents below market levels, there is clear upside potential for increased income over time. This makes 201-203 S. Meridian Ave a solid investment opportunity combining reliable tenancy, a desirable location, and room for growth.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
26835521
Year Built
1939
Total Square Footage
2,057
Lot/Acreage
0.14
County
Los Angeles
Area
601 - Alhambra
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: ALRPD*
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Door-Multi,Door-Single,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5292009006
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
201 S Meridian Ave Alhambra, CA 91801
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