2306 W Alhambra RD Alhambra, CA 91801
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26069090
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1924
Lot Size 0.252 Acres
Property Sub-Type Quadruplex
Property Description
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
Area 601 - Alhambra
Zoning ALRPD*
Rooms
Other Rooms Second Garage, Shed(s), Storage, Two On A Lot
Interior
Interior Features Tile Counters, All Bedrooms Down, Bedroom on Main Level
Heating Forced Air
Cooling Central Air
Flooring Carpet, Laminate, Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Assigned, Concrete, Driveway, Garage, On Site
Garage Spaces 3.0
Garage Description 3.0
Fence Stucco Wall
Pool None
Community Features Foothills, Hiking, Park, Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s), Neighborhood
Roof Type Flat,Spanish Tile
Total Parking Spaces 9
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Street Level
Story 1
Entry Level One
Foundation Tie Down
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories One
Additional Building Second Garage, Shed(s), Storage, Two On A Lot
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5339014007
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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