1128 S 2nd Street, Alhambra, California 91801, Alhambra, 91801 - 2 bed, 1 bath
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Alhambra, California 91801
This Value-Add Probate Asset is listed at $987,500, reflecting a stable valuation relative to its $974,312 Fair Market Value. Currently holding a Condition Rating of 5, the 1937 structure requires a comprehensive renovation to address significant deferred maintenance and outdated systems. The property’s value is anchored by an expansive 7,424 Sq Ft lot and proximity to top-rated schools including Mark Keppel High School (9/10) and Marengo Elementary (9/10). This "as-is" all-cash sale represents a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on a high-demand Alhambra location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1128 S 2nd Street Subject | $987,500* List Price | 2 | 1 | 1,291 | $755 | - |
A 1012 S 2nd Street Sold | $1,088,000 | 2 | 1 | 1,217 | $894 | 0.2 mi |
B 1424 S Stoneman Avenue Sold | $880,000 | 2 | 1 | 1,155 | $762 | 0.3 mi |
C 1428 S Stoneman Avenue Sold | $880,000 | 2 | 1 | 1,200 | $733 | 0.3 mi |
D 912 S Sierra Vista Avenue Sold | $1,250,000 | 3 | 2 | 1,481 | $844 | 0.4 mi |
E 1609 S Sierra Vista Active | $999,900 List Price | 2 | 2 | 1,234 | $810 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1937, this property is a probate sale being sold 'as-is' with no warranties or contingencies, which typically indicates significant deferred maintenance. The exterior shows signs of age including peeling paint on window trim and an overgrown backyard. The complete absence of interior photos, combined with the listing's description as a 'value-add opportunity' for 'flippers' to perform a 'comprehensive renovation,' strongly suggests that the kitchen, bathroom, and major systems are outdated or in disrepair and require substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7424, living area = 1291.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The property features a spacious +/-7,424 Sq Ft lot, offering significant potential for expansion, outdoor entertaining, or the addition of an Accessory Dwelling Unit (ADU).
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7424, other record lot size in square feet = 7363.
The sale terms strictly prohibit financing, appraisal, or inspection contingencies, requiring buyers to assume all physical and financial risks upfront.
As a probate sale subject to court confirmation and potential overbidding, the closing timeline is unpredictable and may be delayed by several months.
Probate Sale! Estate of Richard Baldwin. ALL CASH SALE! Buyer must provide 10% Cashiers Check payable to the ESTATE OF RICHARD BALDWIN and Proof of Funds! This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time are TBD. This 2 bed; 1 bath Single Family Home built in 1937 features +/-1,291 Sq Ft of living space, +/-7,363 Sq Ft lot, APN: 5348-010-008. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. (Timing of hearing is subject to the courts calendar approximately 60-days after the initial offer deadline date)
No exterior & parking available.
Grades K-6 • 1.5 mi
Grades K-6 • 1.8 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,291 | 1,590 | 29% |
| Lot Size | 7,424 | 7,476.5 | 44% |
| Price | $987.5K | $1.15M | 24% |
| Price per sq ft | $765 | $734 | 59% |
| Built year | 1937 | 1931 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 160 | 9% |
Apr 15, 2026
$987,500
$485,000
+104% Price Increase
Initial Listing
Mar 16, 2026
$485,000
Initial Listing