$1,990,000

2306 W Alhambra Rd Alhambra, CA 91801

$10,000
Closing credit¹
0.3 acres
Multi-Family

Property details

About 2306 W Alhambra Rd

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.

Highlights

Home typeQuadruplex
HeatingForced Air
StatusActive
CoolingCentral Air
Lot size0.2517 Acres
Year built1924
ParkingAssigned, Concrete, Driveway, Garage, On Site
MLS #AR24197902
Garage3 spaces
ViewMountain(s), Neighborhood

Summary

  • MLS Number: AR24197902
  • MLS Name: CRMLS
  • Office Name: Seven Gables Real Estate
  • Office Phone: (626) 226-6535
  • Listing Agent: Carol Bush

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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aerial view

$1,990,000

2306 W Alhambra Rd

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jul 18, 2001
Home Sold
$338,000
Jun 06, 1988
Home Sold
$335,000

Tax history

YearAssessmentProperty Tax
2024$532,967$7,487
2023$522,518$7,534
2022$512,273$7,215
2021$502,230$7,135
2020$497,081$6,909
2019$487,336$6,802
2018$477,781$6,713
2017$468,413$6,713

History based on county public records data.

Nearby schools

7

Sierra Vista Elementary

Public District KG-6

0.6 mi

4342 Alpha St

9

Marengo Elementary School

Public District KG-5

0.8 mi

1400 Marengo Ave

8

Monterey Hills Elementary School

Public District KG-5

1.0 mi

1624 Via Del Rey

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $59,891. The majority of Alhambra, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

25%
<35k
53%
35k-100k
18%
100k-200k
4%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

45%
Single, No Kids
11%
Single, with Kids
23%
Married, No Kids
21%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
6%
12-17 yrs old
26%
18-34 yrs old
45%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Art MuseumsArt Museums
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Music ConcertsMusic Concerts

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • Banana RepublicBanana Republic
  • H&MH&M

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • Jack In The BoxJack In The Box
  • ChipotleChipotle

What do the neighbors drive?

  • AudiAudi
  • ToyotaToyota
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • NewsNews
  • JazzJazz
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 2306 W Alhambra Rd in Alhambra, CA and zip code 91801 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,990,000.

In February 2025, from all listings sold in Alhambra, CA there were more than 11 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Alhambra, CA between January and February 2025 decreased by 4.8%. The median list price of listings available in February 2025 was $900,000, while the average time on the real estate market was 20 days.

From Rocket Homes Real Estate and based on county public records data.

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