1720 S Marguerita Ave, Alhambra, California 91803, Alhambra, 91803 - bed, bath
ACTIVE UNDER CONTRACT$999,990
1720 S Marguerita Ave, Alhambra, California 91803
0Bed
0Bath
1,728Sqft
6,140Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: This duplex offers an excellent income and investment opportunity, appealing to both investors and owner-occupants seeking immediate rental income generation.
Top Cons:
Property Age & Potential Updates: Built in 1956, the property may require significant updates to its systems (e.g., plumbing, electrical) and aesthetics to meet modern tenant expectations and maximize rental value.
Compared to the nearby listings
Price:$1000.0K vs avg $990.0K (+$9,990)54%
Size:1,728 sqft vs avg 1,728 sqft50%
Price/sqft:$579 vs avg $45692%
More Insights
Built in 1956 (69 years old).
Condition: Built in 1956, this duplex shows significant age both in its exterior appearance (dated awnings, worn paint, cracked driveway) and as explicitly stated in the MLS analysis, 'may require significant updates to its systems (e.g., plumbing, electrical) and aesthetics to meet modern tenant expectations and maximize rental value.' Without interior photos, we must infer that the interior condition, including kitchen and bathrooms, aligns with the property's age and the stated need for 'renovation or modernization.' These factors indicate that substantial repairs and rehabilitation are required beyond minor updates, placing it in the 'Poor' category.
Year Built
1956
Close
-
List price
$1,000K
Original List price
$1.1M
Price/Sqft
$579
HOA
-
Days on market
-
Sold On
-
MLS number
WS25080793
Home ConditionPoor
Features
View-
About this home
Excellent Income & Investment Opportunity in Desirable Alhambra! Don't miss this fantastic duplex located in the highly sought-after City of Alhambra. This property features two separate units, each offering 2 bedrooms and 1 bathroom, perfect for investors or owner-occupants looking to generate rental income. The property also features a long driveway with ample parking for multiple vehicles—ideal for tenants or guests. In addition, there's a attached 2-car garage that offers excellent potential for conversion into an ADU creating an opportunity to significantly increase rental income. Conveniently located near shopping centers, schools, restaurants, and 10 freeways, this property offers both immediate cash flow and future upside in a prime Alhambra neighborhood.
Condition Rating
Poor
Built in 1956, this duplex shows significant age both in its exterior appearance (dated awnings, worn paint, cracked driveway) and as explicitly stated in the MLS analysis, 'may require significant updates to its systems (e.g., plumbing, electrical) and aesthetics to meet modern tenant expectations and maximize rental value.' Without interior photos, we must infer that the interior condition, including kitchen and bathrooms, aligns with the property's age and the stated need for 'renovation or modernization.' These factors indicate that substantial repairs and rehabilitation are required beyond minor updates, placing it in the 'Poor' category.
Pros & Cons
Pros
Strong Investment Potential: This duplex offers an excellent income and investment opportunity, appealing to both investors and owner-occupants seeking immediate rental income generation.
ADU Conversion Opportunity: The attached 2-car garage provides significant potential for conversion into an Accessory Dwelling Unit (ADU), which could substantially increase future rental income and property value.
Prime Alhambra Location: Located in a highly sought-after Alhambra neighborhood, the property boasts convenient access to shopping centers, schools, restaurants, and the 10 freeway, enhancing its desirability.
Ample Parking: A long driveway offers ample off-street parking for multiple vehicles, a valuable amenity for tenants and guests in a dense urban area.
Immediate Cash Flow: As a duplex with two separate 2-bedroom, 1-bathroom units, the property is structured to provide immediate cash flow for its owner.
Cons
Property Age & Potential Updates: Built in 1956, the property may require significant updates to its systems (e.g., plumbing, electrical) and aesthetics to meet modern tenant expectations and maximize rental value.
Lack of Premium Views: The property explicitly states 'None' for views, which might be a drawback for buyers or tenants prioritizing scenic outlooks.
Renovation Costs for Optimization: While offering ADU potential, the existing units, given their age, likely require renovation or modernization to optimize rental income and tenant appeal, incurring additional upfront or ongoing costs.