
Alhambra, California 91803
This Value-Add Development Project in Alhambra Heights is listed at $1,199,000, positioned near its $1,180,893 Fair Market Value. Holding a Distressed Condition Rating, the 1938 residence is sold "as-is" with included plans for a 3-bedroom, 3-bathroom conversion and a legal ADU. The property features an expansive 8,140 sq ft lot, a pool, and scenic hill views within the Alhambra Unified School District. This high-upside asset offers significant forced appreciation potential through renovation, making it an ideal acquisition for Fix-and-Flip Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2133 Westminster Subject | $1,199,000* List Price | 3 | 2 | 2,121 | $557 | - |
A 2432 Westmont Drive Sold | $932,000 | 3 | 2 | 1,345 | $693 | 0.3 mi |
B 2656 Whitney Sold | $979,000 | 3 | 2 | 1,396 | $701 | 0.9 mi |
C 1903 S Primrose Avenue Sold | $1,275,000 | 3 | 2 | 1,784 | $715 | 0.5 mi |
D 1617 S Ethel Avenue Sold | $950,000 | 3 | 1 | 1,412 | $673 | 0.8 mi |
E 2917 W Hellman Avenue Active | $1,180,001 List Price | 3 | 2 | 2,174 | $543 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938, this property is in a mid-renovation or distressed state and sold 'as-is.' The kitchen is non-functional with missing appliances and exposed wall/subflooring, and the listing explicitly includes plans for a full 3-bedroom/3-bathroom conversion, indicating a need for a complete rehab.
The property is sold with plans for a 3-bedroom, 3-bathroom conversion and a legal ADU, offering significant equity growth and rental income opportunities.
Situated in the highly desirable Alhambra Heights neighborhood, this home benefits from a prestigious location with scenic hill and neighborhood views.
The expansive 8,140 square foot lot provides ample space for the proposed ADU and outdoor amenities while maintaining privacy and curb appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2121, other record living area = 1565. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property was recently sold within the past year on 2026-04-02. The sold price is $810,000.00. The property was recently sold within the past year on 2026-04-02. The sold price is $870,000.00.
The property is sold in as-is condition, which likely requires a substantial upfront investment for repairs and modernization.
Charming 1938 home in desirable Alhambra Heights offering 2,121 square feet of legal living space on a generous lot. Property is sold as-is and presents a great opportunity for customization or investment. Sold with plans to convert the main house into a 3-bedroom, 3-bathroom layout. Plans are also pending approval to convert an existing legal structure into an ADU, providing added flexibility for extended living or rental potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,121 | 1,396 | 90% |
| Lot Size | 8,140 | 6,348 | 86% |
| Price | $1.20M | $945.5K | 79% |
| Price per sq ft | $565 | $687 | 14% |
| Built year | 1938 | 1937 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 156 | 3% |
Apr 16, 2026
$1,199,000
Initial Listing
Apr 2, 2026
$810,000
Public Record
Apr 2, 2026
$870,000
Public Record