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Residential > Multi-family
Active
09/26/2024
List Price
$1,990,000$650/ft²

2306 Alhambra Rd
Alhambra, CA 91801

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  • 2306 Alhambra Rd, Alhambra, CA 91801 is a 4 bed, 4 bath, 3,060 ft² multi-family home house built in 1924 on a 0.252 acre lot. This multi-family home is currently listed for $1,990,000, and it was last sold in 2001 for $338,000.

    MLS Description

    The listing agent's description. Original Listing

    FOUR UNITS: Capture the chance for a prime investment opportunity with this pair of meticulously renovated Art Deco Spanish Duplexes, promising immediate cash flow, low maintenance and long-term appreciation. These meticulously renovated units, nestled in the vibrant heart of Northwest Alhambra present an unparalleled opportunity for astute investors to acquire a high-performing, low-risk multi-unit asset, without the need for renovations. Each of the four units has been thoughtfully updated to blend historic charm with contemporary amenities, ensuring a high-quality living experience. The Comprehensive Renovation in 2001 encompassed all aspects of the property, including updated kitchens and baths, open floor plans, in-unit laundry, and modernized systems (HVAC, plumbing, electrical). The property also features seismic retrofitting for enhanced earthquake safety. Three private garages and two locking storage rooms provide additional amenities. On the exterior, fresh paint, completely redone concrete surfaces, including driveways and walkways, enhance curb appeal and reduce future maintenance costs. Stable Tenant Base: All units are fully occupied by long-term, reliable tenants on month-to-month leases, with low market rents, offering flexibility for rent increases to optimize the rental income, in addition to organic growth from market appreciation. Prime Location, situated on a corner lot in Northwest Alhambra, offering easy access to local amenities, schools, and South Pasadena's vibrant dining and shopping scene. This property offers a unique opportunity for investors seeking passive income and significant upside potential. With its blend of historic charm, modern updates, and prime location, it stands out in today’s competitive market. Ideal for seasoned investors and first-time buyers looking to house-hack, this low-risk, high-reward asset is poised for appreciation in one of Alhambra's most desirable neighborhoods.

    Listing Agents

    The listing agent for 2306 Alhambra Rd is Carol Bush.

    Current Ownership

    Information about the current owner(s).

    Property History

    2306 Alhambra Rd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 2306 Alhambra Rd

    School Information

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    Neighborhood

    This property is located in The San Gabriel Valley, Alhambra, CA 91801.

    Market Trends

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    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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