
Alhambra, California 91803
This triplex presents a Strong Value Opportunity with a List Price of $1,350,000—positioned well below the $1,453,325 Fair Market Value by 7%. This valuation gap offers $103,325 in Instant Equity. Featuring a Fair Condition Rating and a Versatile Site Layout with two detached buildings, the property generates $8,400 in monthly income. While the 1922 structure requires modernization, its prime location near the I-10 Freeway ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1600 S Atlantic Boulevard Subject | $1,350,000* List Price | 0 | 0 | 3,345 | $434 | - |
A 1836 S 3rd Sold | $1,230,000 | 0 | 0 | 2,773 | $444 | 0.6 mi |
B 1836 S 3rd Sold | $1,230,000 | 6 | 4 | 2,773 | $444 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1922, this triplex is marketed as a 'value-add' opportunity, indicating it is dated. While some interior rooms show newer laminate flooring, the exterior exhibits peeling paint on balconies and dated architectural finishes. The lack of updated kitchen/bath photos and the property's age suggest that major systems and interior finishes are likely over 20 years old and require modernization to reach current market standards.
The property generates a substantial $8,400 in current monthly rental income, offering an attractive gross yield and immediate cash flow for investors in a high-demand area.
With two detached buildings on a corner lot and triple access points from Atlantic Blvd, Norwood Pl, and a rear alley, the property provides exceptional privacy and parking convenience.
Situated near Valley Blvd and the I-10 Freeway, the location ensures high tenant retention due to its proximity to major shopping, dining, and easy commutes to Downtown LA.
Built in 1922, the century-old structures likely require ongoing maintenance and potential costly upgrades to major systems like plumbing, electrical, and roofing.
To maximize future upside and market rents, the property may necessitate significant capital expenditure to modernize interiors and improve energy efficiency compared to newer builds.
Rare three-unit investment opportunity in a central Alhambra location near Valley Blvd. Situated on a prominent corner with two separate addresses—1600 S. Atlantic Blvd. and 912 W. Norwood Pl.—this long-time family-owned property features two detached buildings and approximately $8,400 in current monthly rental income. The front building is a spacious single-family residence, while the rear building is a two-story apartment property with two additional units. A highly functional site layout provides access from Atlantic Blvd., Norwood Pl., and the rear alley, offering convenient parking, flexible entry, and greater separation and privacy for occupants. The rear apartment building also has its own usable outdoor area. Conveniently located near shopping, restaurants, public transportation, and the I-10 Freeway, the property offers strong rental appeal and convenient access for commuters traveling throughout the San Gabriel Valley and toward Downtown Los Angeles. With two detached buildings, multiple access points, existing rental income, and a practical lot configuration, this property presents excellent value-add and long-term investment potential. Opportunities may include future improvements, reconfiguration, or possible expansion, subject to buyer verification and City approval. An exceptional opportunity for investors seeking income, location, and future upside in the heart of Alhambra.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.4 |
| Baths | 0.0 | 2.8 |
| Square foot | 3,345 | 2,082.417 |
| Lot Size | 8,398 | 8,052.917 |
| Price | $1.35M | $1.29M |
| Price per sq ft | $404 | $586 |
| Built year | 1922 | 1936 |
| HOA | $0 | $0 |
| Days on market | 5 | 55 |
Sep 4, 2026
$1,350,000
Initial Listing