312-314 North Primrose Avenue

Alhambra, CA 91801

$1,680,000
Price
1
Bed
4
Baths
2,016 Sq. Ft.
$833 / Sq. Ft.
2,016
Sq. Ft.
$833
per Sq. Ft.

Description

Highly desirable SINGLE-story bungalow style fourplex located in the best location of Alhambra (NORTH ALHAMBRA). It is situated on a quiet residential street in north Alhambra, and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This...Highly desirable SINGLE-story bungalow style fourplex located in the best location of Alhambra (NORTH ALHAMBRA). It is situated on a quiet residential street in north Alhambra, and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This offering provides investor with opportunity to buy an easy to manage and rent apartment investments in the best location of Alhambra. The property has undergone many capital improvements, most recent ones are new roof for back duplex (October 2023), new drought tolerant landscaping (front lawn) and new exterior paint (back duplex + garage). The building consists of two duplexes. The front duplex consists of two x 1bedroom+1bathroom bungalow style units. Each unit comes with in-unit laundry machines (seller provided). One of the front units (#312) has been partially upgraded with luxury vinyl wood flooring, quartz kitchen countertops, new kitchen, recessed lightings, and new laundry machines (come with the property). The other front unit (#314) has been fully upgraded with new kitchen, new flooring, new stainless-steel appliances, in-unit laundry machines, new A/C, new windows, etc. The back duplex consists of one x 1bedroom+1bathroom, and one x studio. Both back units have been completely upgraded with new flooring, new kitchen (cabinets and quartz countertops), recessed lightings, and mini split A/C and heating units. These back 2 units do not have any laundry hookups and there is no laundry facility in the building (new owner can create laundry facility in one of the storage spaces). The property has a detached garage which provides 2 parking spaces and 2 storage spaces. There are 4 additional striped parking spaces in front of the garage. The 1 detached garage spaces are being used as storage spaces by tenant – the other 1 garage space are rented on month to month basis by one of the new tenant. The building is separately metered for electricity and gas.
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • han.chen@growthinvestmentgroup.com

Property Details for 312-314 North Primrose Avenue

View
None
Parking Spaces Total
7
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2016
LISTING UPDATED: 01/17/2025 06:14 AM

Property Details for 312-314 North Primrose Avenue

StatusActive
MLS #AR25009604
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.19 AC / 8,231 SF
CountyLos Angeles County

Building Information for 312-314 North Primrose Avenue

Stories1Residences-Year Built1923Building Size-Lot Size0.19 AC / 8,231 SF

Property Information for 312-314 North Primrose Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $93,060
  • Gross Scheduled Income: $93,060
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $93,060
  • Net Operating Income: $67,936
  • Garage Income: $420
  • Cap Rate: 4.05
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $25,124
  • Operating Expense Percent: 27.00%
  • New Taxes Expense: $19,704
  • Gardener Expense: $1,200
  • Insurance Expense: $997
  • Maintenance Expense: $1,727
  • Trash Expense: $700
  • Water Sewer Expense: $800
  • Total Expenses: $25,124
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 4808.04
  • Tax Lot: 166
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Dryer, Dryer Included, Gas Dryer Hookup, Washer, Washer Hookup, Washer Included
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Vinyl
Exterior Features
  • Roof: Asphalt
  • Entry Location: 1
  • Fence: No
  • Fence: None
  • Fencing: None
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby
  • Direction Faces: West
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,990
  • Unit Type Total Rent: $5,970
  • Unit Type Pro Forma: 7000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number Wall AC: 4

Property History for 312-314 North Primrose Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 312-314 North Primrose Avenue

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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312-314 North Primrose Avenue is a multi-family home for sale in Alhambra, CA 91801. This property was listed for sale on January 14, 2025 by Growth Investment Group Pasade, it's currently listed at $1,680,000. This listing's school district is Alhambra Unified School District. Nearby schools include Park Elementary School, Alhambra High School and Century High School. 312-314 North Primrose Avenue is a 1-bed, 4-bath, 2,016 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

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.