1201 W Woodward, Alhambra, California 91801, Alhambra, 91801 - 0 bed, 0 bath
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1201 W Woodward
Alhambra, California 91801
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,200Sq Ft
8,357Lot Size
Property Price
LIST PRICE$1,249,000
EST. MARKET VALUE
$1,205,836
3% AboveMARKET VALUE
SUMMARY
This stabilized triplex represents a High-Potential Investment Opportunity, listed at $1,249,000—positioned slightly above the $1,205,836 Fair Market Value. While the property carries a Condition Rating of 4, its 100% occupancy and Section 8 contracts provide immediate, reliable cash flow. With a Walk Score of 92 and proximity to top-rated schools like Marengo Elementary and South Pasadena High, this asset offers long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing low-risk, resilient rental demand in Alhambra.
Estimated Market Value
$1,205,836
Based on Realkey algorithm analyzing recent comparable sales in Alhambra.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1201 W Woodward Subject | $1,249,000* List Price | 0 | 0 | 2,200 | $548 | - |
A 312 N Marguerita Avenue Sold | $1,202,000 | 4 | 2 | 1,925 | $624 | 0.2 mi |
B 2517 Birch Sold | $1,250,000 | 0 | 0 | 2,391 | $523 | 0.9 mi |
C 208 N Fremont Avenue Sold | $900,000 | 0 | 0 | 1,720 | $523 | 0.9 mi |
D 224 N Olive Active Under Contract | $1,180,000 List Price | 0 | 0 | 1,734 | $681 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1951 and lacks any mention of recent renovations to the kitchens, bathrooms, or core systems (HVAC/Electric), placing it well beyond the 20-year threshold. While the triplex is functional and fully occupied, the exterior shows dated architectural elements like older awnings and windows, suggesting the interior and systems likely require modernization and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
- Guaranteed Rental Income
With two units on Housing Choice Voucher (Section 8) contracts, the property offers a highly stable income stream with rent paid directly by the housing authority, virtually eliminating collection risk.
- Exceptional Walkability
Boasting a Walk Score of 92, the property is ideally situated near the Atlantic Blvd corridor and Main Street, providing tenants easy access to essential amenities, medical centers, and transportation.
CONSRISKS & DEFICIENCIES
- Limited Parking Ratio
The property provides only three parking spaces for three units, which may be a constraint for multi-car households or guests in a high-density submarket like Alhambra.
- Vintage Infrastructure
Built in 1951, the building may require higher long-term capital expenditures for maintenance or system upgrades compared to newer construction to maintain its stabilized status.
About 1201 W Woodward
Stabilized triplex in the heart of Alhambra — 100% occupied, on time collection rent. 1201-1205 W Woodward Ave presents a rare opportunity to acquire a fully occupied income property in the desirable MLS Area 601 submarket. The building consists of one 2-bedroom/1-bath and two 1-bedroom/1-bath units. Units 1203 & 1205 are on active Housing Choice Voucher (HAP) contracts — rent paid directly by the housing authority every month. Unit 1201 is a long-term private-pay tenant since 2012. No local rent control — Alhambra is AB 1482 only. Built 1951 | 2,200 sqft | 8,357 sqft lot | 3 parking spaces | Walk Score 92. Minutes to I-10, Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. Contact listing agent for rent roll and full offering memorandum. On-site laundry.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1951
- Lot Size
- 8,357 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alhambra Unified Schools
Marengo Elementary School
Grades K-5 • 1.3 mi
9/10
Monterey Hills Elementary School
Grades K-5 • 1.8 mi
8/10
Cesar Chavez Elementary School
Grades K-6 • 1.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.4 |
| Baths | 0.0 | 2.8 |
| Square foot | 2,200 | 2,082.417 |
| Lot Size | 8,357 | 8,052.917 |
| Price | $1.25M | $1.29M |
| Price per sq ft | $568 | $586 |
| Built year | 1951 | 1936 |
| HOA | $0 | $0 |
| Days on market | 40 | 55 |
Pricing History
Listed for Sale
Jul 31, 2026
$1,249,000
Initial Listing
Sold
Jun 12, 2008
$620,000
Public Record
Sold
Jun 30, 2005
$650,000
Public Record