1111 Alhambra Rd, Alhambra, California 91801, Alhambra, 91801 - 0 bed, 0 bath
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Alhambra, California 91801
This North Alhambra Quadruplex is a high-yield Multifamily Asset listed at $1,549,000, positioned accurately at its $1,549,000 Fair Market Value. The property consists of two buildings featuring a rare four-bedroom, two-bathroom unit alongside three two-bedroom units, all currently holding a Condition Rating of 4. With two units delivered vacant at the close of escrow, owners can immediately realize a higher Cap Rate by implementing market-rate rents. Its prime location near San Marino provides access to 9/10 Rated Schools, ensuring consistent tenant demand. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 Alhambra Rd Subject | $1,549,000* List Price | 0 | 0 | 3,929 | $394 | - |
A 2517 Birch Active | $1,168,000 List Price | 0 | 0 | 2,391 | $488 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this multi-family property is well-maintained but shows clear signs of age. The kitchens and bathrooms feature dated cabinetry, older appliances, and vintage tile work that likely haven't been renovated in over 20 years. While the hardwood floors and exterior appear to be in good condition, the property requires cosmetic updates and likely system modernizations to meet current market standards.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
Situated just two blocks from San Marino, this property occupies a highly desirable residential pocket with convenient access to major freeways and proximity to top-rated schools like South Pasadena Senior High.
With two units delivered vacant at the close of escrow, an investor has the immediate opportunity to set market-rate rents, significantly enhancing the Cap Rate and Gross Rent Multiplier from day one.
Built in 1922, this century-old asset may require significant capital expenditure for upgrades to aging electrical, plumbing, and structural systems to meet modern standards.
The 'priced to sell' motivation and recent price reduction suggest that the property may require cosmetic or functional renovations to achieve its maximum market value and rental potential.
LOWEST PRICE, HIGHEST RATE OF RETURN THE BEST DEAL !!!PRICED TO SELL! SELLER IS MOTIVATED. IRN Realty is proud to present this beautifully maintained 4-unit multifamily residence in prime North Alhambra. Located two blocks from San Marino, this multifamily asset spans across two (2) buildings, totaling 3,929 square feet on a 8,036 square foot lot. The unit mix consists of three 2 BR / 1 BA units and one 4 BR / 2 BA unit. Some units are equipped with in-unit laundry hookups. The property is centrally located with extremely convenient access to the 10, 210 and 710 freeways. Note: Cap Rate and GRM calculations are based off of current expenses and market rent for the two vacant units that will be available at Close of Escrow.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.7 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,929 | 2,144 | 91% |
| Lot Size | 8,036 | 7,505 | 64% |
| Price | $1.55M | $1.09M | 82% |
| Price per sq ft | $394 | $585 | 9% |
| Built year | 1922 | 1924 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 99 | 141 | 27% |
Feb 27, 2026
$1,549,000
$1,599,500
-3% Price Drop
Initial Listing
Jan 13, 2026
$1,599,500
Initial Listing
Sep 30, 1999
$293,000
Public Record