
Alhambra, California 91803
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $999,000—positioned well below the $1,018,758 Fair Market Value by 2%. This valuation gap offers $19,758 in Instant Equity. Featuring ALRPD zoning and a versatile 3-bed/2-bath floor plan, the property is in Fair Condition Rating, requiring cosmetic updates to maximize returns. With a detached garage and mountain views, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a revenue-generating property in a high-demand Alhambra submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1300 South Date Avenue Subject | $999,000* List Price | 3 | 2 | 1,522 | $669 | - |
A 1608 Elm Street Sold | $1,100,000 | 4 | 2 | 1,719 | $640 | 0.3 mi |
B 1817 Elm Street Sold | $1,075,194 | 3 | 2 | 1,372 | $784 | 0.5 mi |
C 2904 Front Street Sold | $865,000 | 3 | 2 | 1,463 | $591 | 0.5 mi |
D 319 Westmont Drive Sold | $935,000 | 3 | 1 | 1,481 | $631 | 1.0 mi |
E 1617 S Ethel Avenue Sold | $950,000 | 3 | 1 | 1,412 | $673 | 0.3 mi |
F 2909 Front Sold | $865,000 | 3 | 3 | 1,452 | $596 | 0.5 mi |
G 1814 W Commonwealth Avenue Sold | $1,000,000 | 3 | 1 | 1,320 | $758 | 0.6 mi |
H 2133 Westminster Sold | $810,000 | 2 | 2 | 1,565 | $518 | 0.9 mi |
I 1305 S Ethel Pending | $898,000 List Price | 3 | 3 | 1,545 | $581 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, the property is well-maintained but dated. While it features modern functional upgrades like a new electric meter, EV charging station, and mini-split HVAC units, the kitchen and bathrooms show older finishes (gold-trim shower doors and 90s-style cabinetry) that appear to be over 20 years old, requiring cosmetic updates to meet modern standards.
The expansive 6,817 square foot lot with flexible ALRPD zoning offers significant upside for adding a detached ADU or multi-generational unit.
The property features a revenue-generating back building and a versatile floor plan, providing immediate rental cash flow to offset mortgage costs.
Rare for its vintage, the home includes a recently upgraded electric meter and a new EV charging station, catering to modern eco-conscious buyers.
Originally built in 1938, the property may require ongoing maintenance or updates to aging systems typical of homes from this era.
At nearly $1 million for a 1,522 square foot residence, the price per square foot is at the higher end of the local market, requiring a strong appraisal.
Discover the perfect blend of lifestyle convenience and robust financial upside in this stunning, single-story Alhambra property. Situated on an expansive 6,817 sq. ft. lot within flexible ALRPD zoning, this property offers incredible potential for future development. Featuring a thoughtfully configured floor plan (2-bed/1-bath front part + 1-bed/1-bath back part), this property is ideal for owner-users seeking for potential rental income, or investors for a high-performing, revenue-generating asset. The property has been recently upgraded with a new electric meter and an EV charging. It features a private detached 2-car garage that has been renovated into two bedrooms and one bath (please note this is unpermitted; buyer and agent to perform their own due diligence to verify the accuracy of permit information), along with a driveway providing ample guest parking. The lush backyard is a gardener’s dream, abundant with mature, fruit-bearing trees including Fig, Pomegranate, Persimmon, Longan, Pomelo, Guava, etc. Experience true urban convenience. Located just steps from vibrant Valley Blvd, residents enjoy immediate access to Downtown LA and I-10 freeway. The area is exceptionally commuter-friendly and accessible featuring a dedicated community shuttle service that ensures independence and mobility for seniors and non-drivers. Close proximity to Alhambra High School, bus stations, local parks, restaurants, Costco, Home Depot, Target, and other shopping centers. Currently under professional management to ensure optimized performance, this rare find is a standout income-generating asset in a high-demand submarket. Don’t miss your chance to secure this turnkey opportunity—schedule your private tour today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,522 | 1,416.136 |
| Lot Size | 6,819 | 6,918.25 |
| Price | $999.0K | $1.00M |
| Price per sq ft | $656 | $701 |
| Built year | 1938 | 1934 |
| HOA | $0 | $225 |
| Days on market | 15 | 51 |
Aug 25, 2026
$999,000
Initial Listing
Oct 10, 2008
$518,000
Public Record
Mar 5, 2008
$565,000
Public Record