
Alhambra, California 91801
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $1,380,000—positioned well above the $1,316,503 Fair Market Value by -4%. While priced at a premium, the property offers significant versatility with two separate units and a Condition Rating of 4, providing a stable foundation for value-add renovations. Located near top-tier schools like Marengo Elementary and South Pasadena High, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income in a prime Alhambra location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1515 S Stoneman Avenue Subject | $1,280,000* List Price | 0 | 0 | 2,229 | $567 | - |
A 1820 S Sierra Vista Avenue Sold | $1,300,000 | 0 | 0 | 2,297 | $566 | 0.3 mi |
B 1840 S Chapel Sold | $1,255,000 | 0 | 0 | 2,538 | $494 | 0.3 mi |
C 1840 S Chapel Sold | $1,255,000 | 5 | 3 | 2,538 | $494 | 0.3 mi |
D 1415 S 2nd Street Sold | $1,400,000 | 7 | 4 | 2,192 | $639 | 0.2 mi |
E 1844 S Stoneman Avenue Sold | $900,000 | 0 | 0 | 1,755 | $513 | 0.3 mi |
F 305 & 307 E Hellman Avenue Pending | $1,350,000 List Price | 4 | 3 | 2,093 | $645 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this property is well-maintained but significantly dated. The kitchen features 1970s/80s style cabinetry and appliances, while the bathroom retains vintage mid-century tiling and fixtures. Although move-in ready and clean, the lack of renovations within the last 20 years and the age of the systems necessitate future updates.
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 completely separate living units, offering exceptional flexibility for owner-occupants to generate rental income or accommodate multi-generational living arrangements.
The 1927 front home boasts desirable vintage details like soaring vaulted ceilings and original hardwood floors, while the rear unit includes a versatile rumpus room perfect for a home office or gym.
Given the 1927 construction date, the property may require significant capital investment for modernizing aging systems such as plumbing, electrical, or climate control.
With only two single-car garages serving two separate units, parking may become a challenge for multi-vehicle households or when hosting guests.
Rare Opportunity in the Heart of Alhambra – Two Separate Units! Located in one of Alhambra’s most desirable and peaceful neighborhoods, this charming property features two separate living units, offering exceptional flexibility for owner-occupants, extended families, or investors. The front home welcomes you with a beautifully landscaped front lawn, spacious yard, and inviting front porch. Inside, you’ll find a bright and spacious living room with a soaring vaulted ceiling, cozy fireplace, large picture window overlooking the front yard, and beautiful original hardwood flooring. The formal dining room connects the living room and the generously sized kitchen, which features abundant cabinetry, a built-in display cabinet, and a charming breakfast nook. Two comfortable bedrooms offer hardwood floors, while the bathroom includes both a tub and separate shower. An individual laundry room adds everyday convenience. The rear unit provides excellent privacy. The lower level includes two separate single-car garages and a versatile rumpus room that can be used as a home office, gym, recreation room, or hobby space. Upstairs, the second unit offers a spacious living room, dining area, generously sized bedroom, full bathroom, well-appointed kitchen, and its own individual laundry room. Whether you’re looking to live in one unit and rent the other for additional income, accommodate extended family, or lease both units as an investment property, this home offers outstanding versatility and income potential. Ideally situated in a prestigious central Alhambra location, you’ll enjoy close proximity to schools, shopping, restaurants, parks, public transportation, and easy access to major freeways. A rare opportunity with endless possibilities—don’t miss it!
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades K-6 • 1.6 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,229 | 2,514.5 |
| Lot Size | 6,702 | 8,353 |
| Price | $1.28M | $1.33M |
| Price per sq ft | $574 | $549 |
| Built year | 1927 | 1929 |
| HOA | $0 | $0 |
| Days on market | 26 | 45 |
Jul 10, 2026
$1,280,000
$1,380,000
-7% Price Drop
Initial Listing
Jun 26, 2026
$1,380,000
Initial Listing