215 S Meridian, Alhambra, California 91801, Alhambra, 91801 - 0 bed, 0 bath
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Alhambra, California 91801
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,350,000—positioned above the $1,282,619 Fair Market Value. While requiring capital expenditure due to its Condition Rating of 5, the property offers significant Multi-Unit Versatility for value-add strategies. Located near Top-Rated Schools like Marengo Elementary and South Pasadena High (9/10), the site provides strong long-term rental demand. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage a house-hack strategy in a prime Alhambra location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 S Meridian Subject | $1,350,000* List Price | 0 | 0 | 2,486 | $516 | - |
A 2517 Birch Sold | $1,250,000 | 0 | 0 | 2,391 | $523 | 0.4 mi |
B 2115 Vine Street Sold | $1,058,000 | 0 | 0 | 1,612 | $656 | 0.5 mi |
C 312 N Marguerita Avenue Active Under Contract | $1,199,000 List Price | 4 | 2 | 1,925 | $623 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 with 'original charm' and no mentioned renovations, the property likely features systems, kitchens, and baths that are over 30-50 years old, necessitating a full rehab to meet modern standards.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
This Spanish-style duplex features a main house and a separate unit with its own garage, offering excellent flexibility for multi-generational living or high rental income potential.
The property is situated near several top-tier schools, including South Pasadena Senior High and Marengo Elementary, both rated 9/10, significantly boosting long-term property value.
The property was recently sold within the past year on 2025-05-20. The sold price is $880,000.00. The property was recently sold within the past year on 2025-05-20. The sold price is $970,000.00.
Built in 1925, the property likely requires significant capital expenditure to update aging infrastructure and systems to meet modern standards.
At a list price of $1.35 million, the property commands a high entry point for a century-old structure, which may limit immediate cash flow for investors.
Welcome to this lovely duplex in Alhambra consisting of one main house, plus a separate units with own garage. This Spanish style home with lots of original charm offers different types of opportunity, perfect for investors or extended families. The property is well located with extremely convenient access to the 10, 210 and 710 freeways. This property is a great choice for both investors or owners who wish to live in one and rent out the others.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-5 • 1.0 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,486 | 2,144 | 80% |
| Lot Size | 8,122 | 7,991 | 67% |
| Price | $1.35M | $1.25M | 60% |
| Price per sq ft | $543 | $566 | 47% |
| Built year | 1925 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 130 | 13% |
May 12, 2026
$1,350,000
Initial Listing
May 20, 2025
$880,000
Public Record
May 20, 2025
$970,000
Public Record