1300 S Primrose, Alhambra, California 91803, Alhambra, 91803 - 0 bed, 0 bath
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1300 S Primrose
Alhambra, California 91803
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,931Sq Ft
7,837Lot Size
Property Price
LIST PRICE$1,599,900
EST. MARKET VALUE
$1,631,645
SUMMARY
This Triplex Residential Income Property is a High-Potential Investment Opportunity, listed at $1,599,900—positioned well below the $1,631,645 Fair Market Value by 2%. This valuation gap offers $31,745 in Instant Equity. Featuring a Mint Condition Rating with down-to-the-studs renovations and a Triple Detached Configuration, this asset minimizes maintenance while maximizing rental demand near major medical and academic hubs. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey "house hack" to offset living expenses.
Estimated Market Value
$1,631,645
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 |
|---|---|---|---|---|---|---|
★ 1300 S Primrose Subject | $1,599,900* List Price | 0 | 0 | 1,931 | $845 | - |
A 2012 S Marguerita Avenue Active | $1,590,000 List Price | 5 | 4 | 1,800 | $883 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1938, the property underwent a complete down-to-the-studs remodel in 2019 for two units and a brand-new interior renovation for the main residence. With a 2020 roof, energy-efficient windows, modern mini-split HVAC systems, and contemporary kitchen/bath finishes, the property meets the criteria for a renovation under 5 years old in mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Triple Detached Configuration
The property consists of three separate legal single-family structures rather than shared-wall units, offering superior privacy and a unique 'compound' feel that attracts high-quality tenants.
- Turnkey Remodeled Condition
All units feature extensive permitted upgrades, including down-to-the-studs renovations for two units and a new roof and energy-efficient windows for the main residence, minimizing future maintenance costs.
- Strategic Income Potential
Located within 10-20 minutes of major hubs like USC Keck, Cal State LA, and Downtown LA, the property is perfectly positioned for high rental demand and effective 'house hacking' for owner-occupants.
CONSRISKS & DEFICIENCIES
- Limited Unit Square Footage
With only 1,931 total square feet divided among three residences, the individual living spaces are relatively small, which may limit the tenant pool to individuals or small households.
- Aggressive Price Appreciation
The current list price represents a significant premium over the 2019 sale price of $980,000, which may present challenges for appraisal valuations or investors seeking high immediate cap rates.
About 1300 S Primrose
Discover an exceptional income-generating opportunity in one of Alhambra’s most convenient neighborhoods! This unique property features 3 separate legal single-family structures, each fully remodeled with permitted upgrades—offering privacy, modern comforts, and immediate cash flow.The Main Residence: 1300 S Primrose Ave, with 4 Rooms, 2 Bath & Private Garage. Brand-new, lovely interior renovation with bright, modern finishes. Upgraded roof and energy-efficient windows (installed in 2020). An owner-occupant looking for a spacious, move-in-ready home while neighboring units offset the mortgage! Unit #2: 2310 Front St, with 2 Rooms, 1 Bath & Private Garage and Unit #3: 2314 Front St with 3 Rooms, 1 Bath & Private Garage, BOTH Complete 2019 down-to-the-studs remodel with city permits. Unbeatable Investment Potential Live comfortably in the main residence while collecting monthly passive income from next two homes. This substantial income stream significantly reduces your monthly mortgage interest, property taxes, and living expenses—making high-end California homeownership remarkably affordable. Prime, Ultra-Convenient Location Save hours on your daily commute with access to top institutions and vibrant entertainment hubs; 5 Minutes: Premier shopping centers, movie theaters, main street and dining hotspots. 10 Minutes: Cal State LA, East Los Angeles College, USC Health Sciences Campus, and Keck Hospital of USC.20 Minutes: Downtown Los Angeles, Pasadena City College, and Old Town Pasadena. Whether you're a savvy homebuyer seeking an income helper or an investor eyeing a turnkey multi-structure compound, this gem offers unmatched value, high rental yields, and long-term appreciation potential!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1938
- Lot Size
- 7,837 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
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 | 1,931 | 2,082.417 |
| Lot Size | 7,837 | 8,052.917 |
| Price | $1.60M | $1.29M |
| Price per sq ft | $829 | $586 |
| Built year | 1938 | 1936 |
| HOA | $0 | $0 |
| Days on market | 19 | 55 |
Pricing History
Listed for Sale
Aug 21, 2026
$1,599,900
Initial Listing
Sold
May 24, 2019
$980,000
Public Record