
Alhambra, California 91803
This 5-unit multi-family property represents a Strong Value Opportunity, listed at a List Price of $2,100,000—positioned well below the $2,290,434 Fair Market Value by 8%. This valuation gap provides $190,434 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the asset offers immediate cash flow with updated interiors across two parcels. While the infrastructure reflects its 1946 build, the significant land footprint supports long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking stable, income-producing assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1006 S. Campbell Ave Subject | $2,100,000* List Price | 0 | 0 | 4,299 | $533 | - |
A 805 S Olive Avenue Sold | $1,510,000 | 0 | 0 | 2,750 | $549 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the property is over 75 years old. While the description mentions updated interiors and functional rental units, the exterior shows signs of age including dated siding, window-mounted AC units instead of central HVAC, and worn hardscaping. It appears well-maintained for its age but requires modernization to meet current market standards.
This 5-unit multi-family property is fully rented, providing investors with immediate rental income and low operating expenses in a high-demand rental market.
The asset consists of two separate parcels totaling over 16,000 square feet, offering significant long-term value and potential for future expansion or redevelopment.
The property features updated interiors, which minimizes the need for immediate capital improvements and helps maintain high occupancy rates with quality tenants.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16080, other record lot size in square feet = 8823. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4299, other record living area = 2720.
Built in 1946, the property may require more frequent maintenance or eventual upgrades to core systems like plumbing and electrical compared to newer constructions.
The fully occupied status and 'do not disturb tenants' restriction limit immediate flexibility for owner-occupancy or comprehensive physical inspections prior to an accepted offer.
Well-positioned 5-unit multi-family property consisting of two separate parcels, located at 1002 S. Campbell Ave and 1006 S. Campbell Ave in Alhambra. The property is fully rented, offering immediate income with low operating expenses and updated interiors. Ideally situated in a desirable Alhambra location with convenient access to local amenities, shopping, dining, transportation, and major thoroughfares. A compelling opportunity for investors seeking a well-maintained, income-producing asset in a strong rental market. Contact Catherine for a detailed breakdown of current rents, operating expenses, and additional property information. Please do not disturb tenants!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.4 |
| Baths | 0.0 | 2.8 |
| Square foot | 4,299 | 2,082.417 |
| Lot Size | 16,080 | 8,052.917 |
| Price | $2.10M | $1.29M |
| Price per sq ft | $488 | $586 |
| Built year | 1946 | 1936 |
| HOA | $0 | $0 |
| Days on market | 6 | 55 |
Sep 3, 2026
$2,100,000
Initial Listing
Apr 15, 2004
$800,000
Public Record