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1841 S 6th Street, Alhambra, California 91803, Alhambra, 91803 - 6 bed, 5 bath

1841 S 6th Street, Alhambra, California 91803 home-pic-0
ACTIVE$1,300,000
1841 S 6th Street, Alhambra, California 91803
6Beds
5Baths
2,393Sqft
7,570Lot

Price Vs. Estimate

The estimated value ($1,300,000) is $0 (0%) lower than the list price ($1,300,000). This property may be overpriced.

Key pros and cons

Top Pros:
Strong Investment Potential: The property is explicitly marketed as an investment opportunity, offering multiple income streams from two active AirBnB units (upstairs rental and downstairs studio) generating a combined average of $3,425 per month.
Top Cons:
Age and Potential for Deferred Maintenance: Built in 1927, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance, which could lead to significant unexpected repair or upgrade costs for a new owner.

Compared to the nearby listings

Price:$1.30M vs avg $955.0K (+$345,000)86%
Size:2,393 sqft vs avg 1,361 sqft91%
Price/sqft:$543 vs avg $68414%

More Insights

Built in 1927 (98 years old).
Condition: Despite being built in 1927, this property has undergone significant renovations, making it move-in ready and actively income-generating. The kitchen features updated white shaker cabinets, granite countertops, and a mix of stainless and white appliances. Hardwood floors are well-maintained throughout living areas and bedrooms, complemented by tile in the kitchen and laundry. Modern amenities like mini-split AC units and solar panels indicate recent system updates and energy efficiency. While not a brand-new build or luxury renovation, the property is well-maintained and functional, meeting the criteria for a 'Good' condition score.
Year Built
1927
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
$543
HOA
-
Days on market
-
Sold On
-
MLS number
GD25110307
Home ConditionGood
Features
Pool
Patio
ViewNeighborhood

About this home

Back on the Market! Investment opportunity located in Alhambra! This investment property boasts 6 bedrooms, 5 bathrooms, and 2,393 SqFt of living space. The upstairs rental unit that is currently active on Air BnB and averages $1,875 per month. The downstairs studio is on Air BnB as well, averaging $1,550 per month. The main home has 5 bedrooms and 4 bathrooms. The home was split into 3 separate living areas, all with their own individual entrances. The first floor (main house), has 2 bedrooms, 2 bathroom, a living room, dining area, kitchen, breakfast and a laundry area. Behind the main house is an attached studio w/ bath. The second level has 2 bedrooms and 1 bathroom. The detached (original), garage was converted into an ADU (under prior ownership), with 333-SqFt of living space, a kitchen area and 1 bathroom, it also has its own private entrance. The backyard features a concrete patio and a pool, ideal for spring and summer enjoyment and attracting potential tenants. The 2-car garage is behind the ADU, with the entrance towards alley. This property presents a promising investment opportunity.

Condition Rating
Good
Despite being built in 1927, this property has undergone significant renovations, making it move-in ready and actively income-generating. The kitchen features updated white shaker cabinets, granite countertops, and a mix of stainless and white appliances. Hardwood floors are well-maintained throughout living areas and bedrooms, complemented by tile in the kitchen and laundry. Modern amenities like mini-split AC units and solar panels indicate recent system updates and energy efficiency. While not a brand-new build or luxury renovation, the property is well-maintained and functional, meeting the criteria for a 'Good' condition score.
Pros & Cons

Pros

Strong Investment Potential: The property is explicitly marketed as an investment opportunity, offering multiple income streams from two active AirBnB units (upstairs rental and downstairs studio) generating a combined average of $3,425 per month.
Versatile Multi-Unit Configuration: The home is intelligently split into three separate living areas, each with its own individual entrance, providing flexibility for multi-generational living, owner-occupancy with rental income, or full rental operation.
Dedicated ADU: A detached garage has been converted into an Accessory Dwelling Unit (ADU) with its own kitchen and bathroom, significantly enhancing the property's rental capacity and overall value.
Ample Living Space & Bedrooms: Boasting 6 bedrooms and 5 bathrooms across 2,393 SqFt, the property offers substantial living space, accommodating multiple tenants or a large family comfortably.
Recreational Amenities: The backyard features a concrete patio and a pool, providing desirable recreational amenities that enhance tenant appeal and offer lifestyle benefits for residents.

Cons

Age and Potential for Deferred Maintenance: Built in 1927, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance, which could lead to significant unexpected repair or upgrade costs for a new owner.
Management Complexity: Managing three distinct living areas, particularly with two active AirBnB units, requires considerable time, effort, and potentially professional management, which may not suit all investors.
Conversion Permitting Concerns: The description notes the ADU conversion and splitting into three separate living areas occurred 'under prior ownership,' raising potential questions about the legality and proper permitting of these modifications, which could pose future risks.

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