CA > Alhambra
Alhambra, CA 91801,2306 W Alhambra RD
Alhambra, CA 91801,2306 W Alhambra RD
Alhambra, CA 91801,2306 W Alhambra RD
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$1,990,000
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0.25 Acres Lot
Price Dropped by $98K

2306 W Alhambra RD Alhambra, CA 91801

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JT Contrestano

JT Contrestano

+1(559) 360-2931

UPDATED:

11/21/2024 01:05 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24197902

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1924

Lot Size 0.252 Acres

Property 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 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.

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, Wood

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage 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 3

Private Pool No

Building

Lot Description 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

California Regional MLS (CRMLS)
Listed by Carol Bush • Seven Gables Real Estate • 626-226-6535

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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2306 W Alhambra RD