1605 S Atlantic Blvd
Description
This exceptional multifamily property consists of two side-by-side parcels totaling 22,978 square feet in the highly desirable Residential High Density (RH) zone of Alhambra. Featuring eight fully occupied units with a combined 6,415 square feet of living space, this asset offers a diverse mix of rental options, including a studio, two 1-bed/1-bath duplexes, an upstairs two-bedroom unit, and two detached single-family...Rare 8-Unit Investment Opportunity in Prime Alhambra with Development Potential
This exceptional multifamily property consists of two side-by-side parcels totaling 22,978 square feet in the highly desirable Residential High Density (RH) zone of Alhambra. Featuring eight fully occupied units with a combined 6,415 square feet of living space, this asset offers a diverse mix of rental options, including a studio, two 1-bed/1-bath duplexes, an upstairs two-bedroom unit, and two detached single-family homes—one of which is a three-bedroom with a basement and private fenced yard. Most units are equipped with in-unit laundry, with the exception of the studio and the upstairs unit, which share a laundry room downstairs. The property includes ample on-site parking, featuring five standalone single-car garages, a two-car garage with an attached studio and upper unit, a carport, and additional off-alley and street parking. The buildings have been well-maintained, and all units are currently rented with no outstanding balances, reflecting strong tenant retention and minimal vacancies. Ideally situated near Pasadena, San Marino, and San Gabriel, this property offers easy access to major freeways, public transportation, top-rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown Los Angeles, Santa Anita, The Rose Bowl, USC, UCLA, Cal State LA, and an array of retail shops and parks. With its prime RH zoning designation, this property allows for a density of 43 units per acre, a maximum building height of 45 feet, and up to five stories, presenting significant redevelopment potential (buyer to verify). There may also be opportunities to add ADUs or Junior ADUs for additional rental income. This is a rare chance to acquire a high-performing investment property with substantial upside in a prime infill location. Private property – Do not enter without written permission.
- Listed by Andrew Homs • DRE #01893992 • Brokerage DRE #02009986 • H & M Realty Group • 949-229-2704
Property Details for 1605 South Atlantic Boulevard
Property Details for 1605 South Atlantic Boulevard
| Status | Active |
|---|---|
| MLS # | OC25026504 |
| Days on Market | 161 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1947 |
| Lot Size | 0.52 AC / 22,847 SF |
| County | Los Angeles County |
Location
Building Information for 1605 South Atlantic Boulevard
Payment Calculator
$17,008 per month
30 year fixed, 6.845% Interest
$16,766
$242
$0
Property Information for 1605 South Atlantic Boulevard
- Gross Income: $184,200
- Gross Scheduled Income: $184,200
- Gross Operating Income: $184,200
- Net Operating Income: $135,324
- Operating Expense: $48,876
- New Taxes Expense: $34,000
- Gardener Expense: $2,200
- Fuel Expense: $0
- Licenses Expense: $190
- Electric Expense: $760
- Insurance Expense: $2,967
- Professional Management Expense: $0
- Trash Expense: $2,474
- Water Sewer Expense: $2,785
- Total Expenses: $48,876
- Tax Tract Number: 4376
- Tax Census Tract: 4809.03
- CFD/Mello-Roos Fee: $0
- Tax Lot: 22
- Community Features: Sidewalks, Storm Drains, Street Lights
- Laundry: Yes
- Laundry Features: Inside
- Roof: Tile
- Entry Location: Street
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Additional Parcels Description: 5356016044
- Lot Features: Back Yard, Front Yard, Landscaped, Lot 20000-39999 Sqft, Sprinkler System
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 7
- Parking: Yes
- Parking Garage: Garage
- Uncovered Spaces: 1
- Open Other Spaces Total: 1
- Parking Garage Spaces: 7
- Carport Spaces: 1
- Parking Features: Attached Carport, Garage, Off Street
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,650
- Unit Type Total Rent: $1,650
- Unit Type Pro Forma: 2200
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,650
- Unit Type Total Rent: $1,650
- Unit Type Pro Forma: 2000
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2200
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,650
- Unit Type Total Rent: $1,650
- Unit Type Pro Forma: 2250
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $3,100
- Unit Type Total Rent: $3,100
- Unit Type Pro Forma: 3350
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2550
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2600
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $900
- Unit Type Total Rent: $900
- Unit Type Pro Forma: 1100
- Unit Type Type: 8
- Number Of Units Leased: 8
- Rent Controlled: No
- Number Of Buildings: 6
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 2
Property History for 1605 South Atlantic Boulevard
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 26, 2025 | Price Change SDMLS #OC25026504 | $3,200,000 | — |
| Jun 25, 2025 | Price Change CLAW #OC25026504MR | $3,200,000 | — |
| Jun 25, 2025 | Price Change CRMLS #OC25026504 | $3,200,000 | — |
| Feb 7, 2025 | Listed (Active) SDMLS #OC25026504 | $3,400,000 | — |
| Feb 7, 2025 | Listed (Active) CLAW #OC25026504MR | $3,400,000 | — |
| Feb 7, 2025 | Listed (Active) CRMLS #OC25026504 | $3,400,000 | — |
| Apr 6, 2022 | Expired CRMLS #OC21002757 | $4,200,000 | — |
| Apr 5, 2022 | Expired SDMLS #OC21002757 | — | |
| Apr 5, 2022 | Expired CLAW #OC21002757MR | $4,200,000 | — |
| Mar 6, 2022 | Hold SDMLS #OC21002757 | — | |
| Mar 6, 2022 | Listed (Active) SDMLS #OC21002757 | — | |
| Feb 6, 2022 | Hold SDMLS #OC21002757 | — | |
| Feb 6, 2022 | Listed (Active) SDMLS #OC21002757 | — | |
| Jan 6, 2022 | Hold CLAW #OC21002757MR | $4,200,000 | — |
| Nov 29, 2021 | Hold SDMLS #OC21002757 | — | |
| Nov 29, 2021 | Listed (Active) SDMLS #OC21002757 | — | |
| Nov 14, 2021 | Hold CRMLS #OC21002757 | — | |
| Nov 12, 2021 | Withdrawn / Cancelled CRMLS #OC21002757 | — | |
| Nov 12, 2021 | Withdrawn / Cancelled CLAW #OC21002757MR | — | |
| Oct 18, 2021 | Withdrawn / Cancelled SDMLS #OC21002757 | — | |
| Oct 18, 2021 | Hold CLAW #OC21002757MR | $4,200,000 | — |
| Sep 30, 2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 | — |
| Sep 30, 2021 | Hold SDMLS #OC21002757 | — | |
| Sep 1, 2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 | — |
| Sep 1, 2021 | Hold SDMLS #OC21002757 | — | |
| Aug 6, 2021 | Hold CRMLS #OC21002757 | — | |
| Aug 4, 2021 | Price Change SDMLS #OC21002757 | $4,200,000 | — |
| Aug 4, 2021 | Price Change CRMLS #OC21002757 | $4,200,000 | — |
| May 18, 2021 | Price Change SDMLS #OC21002757 | $3,795,000 | — |
| May 17, 2021 | Price Change CLAW #OC21002757MR | $3,795,000 | — |
| May 17, 2021 | Price Change CRMLS #OC21002757 | $3,795,000 | — |
| Jan 7, 2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 | — |
| Jan 7, 2021 | Hold SDMLS #OC21002757 | — | |
| Jan 7, 2021 | Listed (Active) CRMLS #OC21002757 | $3,995,000 | — |
| Jan 7, 2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 | — |
| Jan 6, 2021 | Listed (Active) CLAW #OC21002757MR | $3,995,000 | — |
| Dec 16, 2020 | Expired CRMLS #OC20108874 | $3,995,000 | — |
| Dec 15, 2020 | Expired SDMLS #OC20108874 | — | |
| Dec 15, 2020 | Expired CLAW #OC20108874MR | — | |
| Oct 13, 2020 | Price Change SDMLS #OC20108874 | $3,995,000 | — |
| Oct 12, 2020 | Price Change CLAW #OC20108874MR | $3,995,000 | — |
| Oct 12, 2020 | Price Change CRMLS #OC20108874 | $3,995,000 | — |
| Jun 16, 2020 | Listed (Active) SDMLS #OC20108874 | $4,200,000 | — |
| Jun 16, 2020 | Listed (Active) CRMLS #OC20108874 | $4,200,000 | — |
| Jun 16, 2020 | Listed (Active) CLAW #OC20108874MR | $4,200,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/26/2025 | Price Change SDMLS #OC25026504 | $3,200,000 |
| 06/25/2025 | Price Change CLAW #OC25026504MR | $3,200,000 |
| 06/25/2025 | Price Change CRMLS #OC25026504 | $3,200,000 |
| 02/07/2025 | Listed (Active) SDMLS #OC25026504 | $3,400,000 |
| 02/07/2025 | Listed (Active) CLAW #OC25026504MR | $3,400,000 |
| 02/07/2025 | Listed (Active) CRMLS #OC25026504 | $3,400,000 |
| 04/06/2022 | Expired CRMLS #OC21002757 | $4,200,000 |
| 04/05/2022 | Expired SDMLS #OC21002757 | — |
| 04/05/2022 | Expired CLAW #OC21002757MR | $4,200,000 |
| 03/06/2022 | Hold SDMLS #OC21002757 | — |
| 03/06/2022 | Listed (Active) SDMLS #OC21002757 | — |
| 02/06/2022 | Hold SDMLS #OC21002757 | — |
| 02/06/2022 | Listed (Active) SDMLS #OC21002757 | — |
| 01/06/2022 | Hold CLAW #OC21002757MR | $4,200,000 |
| 11/29/2021 | Hold SDMLS #OC21002757 | — |
| 11/29/2021 | Listed (Active) SDMLS #OC21002757 | — |
| 11/14/2021 | Hold CRMLS #OC21002757 | — |
| 11/12/2021 | Withdrawn / Cancelled CRMLS #OC21002757 | — |
| 11/12/2021 | Withdrawn / Cancelled CLAW #OC21002757MR | — |
| 10/18/2021 | Withdrawn / Cancelled SDMLS #OC21002757 | — |
| 10/18/2021 | Hold CLAW #OC21002757MR | $4,200,000 |
| 09/30/2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 |
| 09/30/2021 | Hold SDMLS #OC21002757 | — |
| 09/01/2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 |
| 09/01/2021 | Hold SDMLS #OC21002757 | — |
| 08/06/2021 | Hold CRMLS #OC21002757 | — |
| 08/04/2021 | Price Change SDMLS #OC21002757 | $4,200,000 |
| 08/04/2021 | Price Change CRMLS #OC21002757 | $4,200,000 |
| 05/18/2021 | Price Change SDMLS #OC21002757 | $3,795,000 |
| 05/17/2021 | Price Change CLAW #OC21002757MR | $3,795,000 |
| 05/17/2021 | Price Change CRMLS #OC21002757 | $3,795,000 |
| 01/07/2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 |
| 01/07/2021 | Hold SDMLS #OC21002757 | — |
| 01/07/2021 | Listed (Active) CRMLS #OC21002757 | $3,995,000 |
| 01/07/2021 | Listed (Active) SDMLS #OC21002757 | $3,995,000 |
| 01/06/2021 | Listed (Active) CLAW #OC21002757MR | $3,995,000 |
| 12/16/2020 | Expired CRMLS #OC20108874 | $3,995,000 |
| 12/15/2020 | Expired SDMLS #OC20108874 | — |
| 12/15/2020 | Expired CLAW #OC20108874MR | — |
| 10/13/2020 | Price Change SDMLS #OC20108874 | $3,995,000 |
| 10/12/2020 | Price Change CLAW #OC20108874MR | $3,995,000 |
| 10/12/2020 | Price Change CRMLS #OC20108874 | $3,995,000 |
| 06/16/2020 | Listed (Active) SDMLS #OC20108874 | $4,200,000 |
| 06/16/2020 | Listed (Active) CRMLS #OC20108874 | $4,200,000 |
| 06/16/2020 | Listed (Active) CLAW #OC20108874MR | $4,200,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1605 South Atlantic Boulevard
Schools near 1605 South Atlantic Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Marguerita Elementary School PublicK to 8 | ||
Alhambra High School Public9 to 12 | ||
Independence High (Alternative) School Public9 to 12 | ||
Century High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of H & M Realty Group, Andrew Homs, DRE #01893992
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.