118 S Marguerita Avenue, Alhambra, California 91801, Alhambra, 91801 - 3 bed, 1 bath
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Alhambra, California 91801
This Residential Income Duplex presents a High-Potential Investment Opportunity, listed at $1,150,000—positioned well above the $1,086,679 Fair Market Value by -5%. Featuring a Condition Rating of 5, the property requires significant rehabilitation, particularly in the back unit. However, the dual-unit configuration on a 7,552 sqft lot offers substantial value-add potential in a prime North Alhambra location near top-rated schools like Marengo Elementary. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational residence.
Property is extensive renovation needed.
Built in 1923, this multi-unit property shows significant signs of age and deferred maintenance. While the front unit has received minor cosmetic updates (paint, laminate flooring, recessed lighting), the back unit is in poor condition with a severely outdated kitchen, wood paneling, and aging exterior structures that require a full rehabilitation.
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 two detached units on a single lot, providing a rare opportunity for significant rental income or a flexible multi-generational living arrangement.
Situated on a desirable tree-lined street west of Atlantic Blvd, the home offers excellent walkability to the popular restaurants and shops along Main Street.
The Assessor's record shows only one unit while the city holds permits for two, which may complicate financing and requires extensive buyer due diligence.
With only one bathroom per unit, the layout may be less appealing to modern families, especially for the larger three-bedroom front residence.
Rare detached two units in north Alhambra city in tree line street west of Atlantic Blvd. Convenient location near Main Street restaurants and shops within walking distance. Updated front unit with 3 bedrooms and 1 bath with recess lightings and freshly painted interior in 1232 sqft of living space. Back unit with 2 bedrooms and 1 bath in estimated 800 sqft of living space. This is an investors' delight or multi-generational ideal residence. Separate gas meter for each unit. Assessor's title states 1 unit as City holds permits on 2 (118 and 120 Marguerita Ave) separate units. Buyer is advised to exercise due diligence and verify all property related information with city.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-6 • 1.7 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 0.0 | 60% |
| Baths | 1.0 | 0.0 | 53% |
| Square foot | 1,232 | 2,144 | 13% |
| Lot Size | 7,552 | 7,560 | 47% |
| Price | $1.15M | $1.22M | 40% |
| Price per sq ft | $933 | $585 | 87% |
| Built year | 1923 | 1924 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 129 | 13% |
May 17, 2026
$1,150,000
Initial Listing