2306 Alhambra Road
$1,990,000
4
4
3,060
3,060
$650
Description
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...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.
- Listed by Carol Bush • DRE #01995250 • Brokerage DRE #00745605 • Seven Gables Real Estate • 626-226-6535
Property Details for 2306 Alhambra Road
Architectural Style
Spanish
ViewMountain(s), Neighborhood
Parking Spaces Total3
Private PoolNo
Cooling TypeCentral Forced Air
Total Units4.0
Building TypeAttached
Lot Size SourcePublic Records
LISTING UPDATED: 11/20/2024 09:04 AM
Property Details for 2306 Alhambra Road
Status | Active |
---|---|
MLS # | AR24197902 |
Days on Market | 82 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.25 AC / 10,966 SF |
County | Los Angeles County |
Building Information for 2306 Alhambra Road
Stories1Residences-Year Built1924Building Size-Lot Size0.25 AC / 10,966 SF
Property Information for 2306 Alhambra Road
Property History for 2306 Alhambra Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2306 Alhambra Road
Taxable ValueLand$333,107Additions$199,860Total$532,967
Tax Record2024$7,487 ($624 / month)
Home Facts
Total Finished SqFt3,060 SqFtAbove Grade Finished SqFt3,060 SqFtLot Size10,884 SqFtStyleQuadraplexYear Built1924ZoningALRPD*CountyLOS ANGELESAPN5339-014-007
Schools near 2306 Alhambra Road
This home is within Alhambra Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Park Elementary School PublicK to 8 | ||
Alhambra High School Public9 to 12 | ||
Century High School Public9 to 12 | ||
Independence High (Alternative) 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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