REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,790,000

Est. payment | -/mo

4 Beds

4 Baths

0.25 Acres Lot

Save Virtual Tour

$ 1,790,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

0.25 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26069090

Bedrooms 4

Lot Size 0.252 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Positioned in a strong rental pocket of North Alhambra, adjacent to South Pasadena, this 4-unit property offers stable in-place income with a clear path to long-term upside. With 4 spacious 1-bedroom, 1-bath Units across two separate buildings, this property blends 1924 Spanish character with a comprehensive renovation completed in 2001. Each unit includes in-unit laundry, & the property offers 3 private garages plus additional driveway parking, amenities that support strong tenant demand & rental growth. Fully occupied with responsible, stable tenants, the property generates consistent income from day one. All units are fully occupied with month-to-month tenants, providing immediate income & flexibility for a new owner to adjust rents and optimize cash flow. This is an ideal opportunity for a long-term hold investor seeking a well-maintained asset with immediate and achievable income growth. The property has been consistently maintained, minimizing near-term capital expenditures while preserving future value-add potential. Located just minutes from South Pasadena, Alhambra Park, and a convenient Downtown Los Angeles commute, the property benefits from a highly desirable San Gabriel Valley location known for its strong and consistent rental demand. Investment Highlights: ~Current Gross Income: $7,300/month ($87,600/year). ~Pro Forma Potential: $9,000+/month ($108,000+/year). ~23% rental upside. ~Units with rent increase potential. ~Month-to-month tenants (operational flexibility). ~In-unit laundry in all units. ~3 garages + additional driveway parking.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction South of Huntington between Fremont and Marengo

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 5339014007

Virtual Tour https://tours.previewfirst.com/ml/146487

Listed by Carol Bush, DRE#01995250 Seven Gables Real Estate

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

GET MORE INFORMATION

QUICK SEARCH

There are 38 quick searches

2306 W Alhambra Road Alhambra, CA 91801