CA > Alhambra
Alhambra, CA 91801,2306 West Alhambra Road
Alhambra, CA 91801,2306 West Alhambra Road
Alhambra, CA 91801,2306 West Alhambra Road
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Listed by Carol Bush • Seven Gables Real Estate
$1,990,000
Est. payment /mo
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3,060 SqFt
Price Dropped by $98K

2306 West Alhambra Road Alhambra, CA 91801

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Maureen Alphonso

Maureen Alphonso

+1(805) 279-6885

UPDATED:

11/21/2024 02:22 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,060 sqft

Price per Sqft $650

MLS Listing ID AR-24197902

Style Spanish

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

Zoning ALRPD*

Interior

Interior Features Copper Plumbing Full, Tile Counters

Heating Forced Air

Cooling Central Air

Flooring Carpet, Wood

Fireplaces Type None

Laundry Inside

Exterior

Parking Features Garage, On Site, Assigned, Concrete, Driveway

Garage Spaces 3.0

Pool None

Community Features Foothills, Hiking, Park, Sidewalks, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

View Mountain(s)

Building

Lot Description Corner Lot, Front Yard, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Sprinkler System

Sewer Public Sewer

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Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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2306 West Alhambra Road