
Alhambra, California 91803
This property presents a High-Potential Investment Opportunity with a List Price of $675,000—positioned well below the $698,346 Fair Market Value by 3%. This valuation gap offers $23,346 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a comprehensive renovation, yet the 7,291 square foot lot provides significant upside for expansion or an ADU. This is a value-add asset ideal for Fix-and-Flip Investors or Contractors seeking a project in the established Granada Park area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1612 Sarazen Drive Subject | $675,000* List Price | 2 | 1 | 893 | $782 | - |
A 2320 Hagen Sold | $860,000 | 2 | 1 | 1,193 | $721 | 0.3 mi |
B 2508 El Paseo Sold | $850,555 | 3 | 1 | 1,156 | $736 | 0.7 mi |
C 2000 La Paloma Avenue Sold | $725,000 | 2 | 1 | 1,127 | $643 | 0.9 mi |
D 2421 Florentina Active Under Contract | $729,000 List Price | 3 | 1 | 1,052 | $693 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 (77 years old) with no recorded renovations, the property is explicitly marketed as a 'complete renovation' project. Interior images reveal significant wear on original hardwood floors and a utility area requiring a total overhaul, indicating the home needs a full rehab to meet modern safety and functional standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7291, living area = 893.
The expansive 7,291 square foot lot provides a rare opportunity for a substantial home expansion or the addition of an Accessory Dwelling Unit (ADU) in a high-demand area.
Located in the desirable Granada Park area of Alhambra, the property benefits from a quiet, well-established community with excellent proximity to Downtown Los Angeles and Monterey Park.
The property requires significant updates and repairs, making it a project best suited for investors or buyers prepared for a comprehensive renovation process.
At only 893 square feet with a 2-bedroom, 1-bathroom configuration, the current living space is undersized for modern family requirements without immediate expansion.
Welcome to 1612 Sarazen Drive in the Granada Park area of Alhambra, a rare opportunity to create your vision on a generously sized lot in a well-established neighborhood. This 2-bedroom, 1-bath traditional home offers 893 square feet of living space and sits on an expansive 7,291 square foot lot, providing excellent potential for expansion, an ADU, or a complete renovation. Built in 1949, the home retains its original character, including oak hardwood flooring throughout and a bright living room entry. The interior features a functional layout with a full hallway bathroom, complete with tile flooring and a tiled shower stall. While the property does require updates and repairs, it presents a true blank canvas for buyers looking to customize or invest. The spacious backyard is a standout feature, offering ample room for outdoor living, gardening, or future development. Located in a quiet neighborhood known for pride of ownership, this home is conveniently close to major streets and freeways, with easy access to the shopping and dining of Monterey Park, as well as the cultural and entertainment venues of Downtown Los Angeles. Whether you're a first-time buyer ready to build equity or an investor seeking your next project, this property delivers outstanding potential in a desirable Alhambra location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 893 | 1,374 |
| Lot Size | 7,291 | 7,321 |
| Price | $675.0K | $1.05M |
| Price per sq ft | $756 | $708 |
| Built year | 1949 | 1929 |
| HOA | $0 | $0 |
| Days on market | 6 | 43 |
Jul 16, 2026
$675,000
Initial Listing