2306 W Alhambra Road, Alhambra, CA 91801
- $1,790,000
- List Price
- $1,790,000
- Status
- ACTIVE
- MLS#
- AR26158732
- Year Built
- 1924
- Lot Size
- 10,966
- Acres
- 0.25
- Lot Location
- Back Yard, Corner Lot, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Street Level
- Days on Market
- 4
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
**The best investment properties don't just generate income—they inspire confidence. This North Alhambra fourplex offers both.** From the day you close, you'll own a well-maintained four-unit property in one of the San Gabriel Valley's most desirable rental markets, providing dependable income from the start. Ideally situated in North Alhambra, adjacent to South Pasadena, this classic 1924 Spanish property blends timeless 1924 Spanish character with the confidence of a comprehensive renovation completed in 2001. Perhaps this property's greatest asset isn't just its location—it's the people who call it home. Long-term residents have taken exceptional pride in their homes, creating a level of care and cleanliness that is rarely found in rental properties. For an investor, that means acquiring an asset that has been exceptionally well maintained by both ownership and residents—a quality that often translates into lower maintenance demands, responsible tenancy, and greater peace of mind. The property features four spacious one-bedroom, one-bath units across two separate buildings. Every unit includes in-unit laundry, and the property offers three private garages plus additional driveway parking—highly desirable amenities that continue to attract quality tenants. With all units occupied on month-to-month leases, the property provides dependable income from day one while offering flexibility as market conditions and ownership goals evolve. Whether you're completing a 1031 exchange, expanding your portfolio, or acquiring your first multifamily investment, this is a rare opportunity to own a clean, well-cared-for asset in one of the San Gabriel Valley's most sought-after rental markets. **Investment Highlights** * Four spacious 1-bedroom, 1-bath units * Current Gross Income: $7,300/month ($87,600/year) * Long-term, month-to-month tenants * Exceptional pride of occupancy throughout * In-unit laundry in every unit * Three private garages plus additional driveway parking * Two separate buildings * Comprehensive renovation completed in 2001 * Prime North Alhambra location adjacent to South Pasadena
Additional Information
- Other Buildings
- Second Garage, Shed(s), Storage, Two On A Lot
- Appliances
- Gas Range
- Pool Description
- None
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Mountain(s), Neighborhood
- Exterior Construction
- Drywall, Stucco, Copper Plumbing
- Roof
- Flat, Spanish Tile
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Tile Counters, All Bedrooms Down, Bedroom on Main Level
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $87,600
- Operating Expense
- 8358
Listing courtesy of Listing Agent: Carol Bush (carolbushhomes@gmail.com) from Listing Office: Seven Gables Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.