2204 Orange Grove, Alhambra, California 91803, Alhambra, 91803 - bed, bath

2204 Orange Grove, Alhambra, California 91803 home-pic-0
ACTIVE UNDER CONTRACT$1,580,000$3,074/sqft
2204 Orange Grove, Alhambra, California 91803
0Bed
0Bath
3,074Sqft
7,484Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Alhambra Location: Situated in a highly desirable residential pocket of Alhambra, offering excellent access to major freeways (10, 60, 710), Cal State LA, Downtown LA, parks, shopping, dining, and schools.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3074, other record living area = 2900.

Compared to the nearby listings

Price:$1.58M vs avg $1.07M (+$510,000)92%
Size:3,074 sqft vs avg 1,828.5 sqft75%
Price/sqft:$514 vs avg $45467%

More Insights

Built in 1980 (46 years old).
Condition: Built in 1980, this property shows its age with largely original or very early-era updates. The kitchen features dated oak cabinets, laminate countertops, and older white appliances. Bathrooms have basic vanities and fixtures, consistent with the property's age. Popcorn ceilings are prevalent, and cooling/heating relies on wall heaters and window AC units, indicating a lack of central HVAC. While the laminate flooring is a minor update, the overall condition suggests the property is maintained but requires substantial cosmetic and system updates to meet modern standards, aligning with the 'fair' category.
Year Built
1980
Close
-
List price
$1.58M
Original List price
$1.58M
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
OC26000397
Home ConditionFair
Features
View-

About this home

2204 Orange Grove Ave is a well located triplex in a highly desirable residential pocket of Alhambra, surrounded primarily by single family homes. The property offers a versatile layout that works well for an owner user or an investor seeking stable income with future upside. The building consists of three units totaling 7 bedrooms, 4 baths and approximately 3,074 square feet on a 7,481 square foot lot. The unit mix includes one 3 bedroom 2 bath unit and two 2 bedroom 1 bath units. Per owner, the ground level 3 bedroom unit is approximately 1,244 square feet, while each of the upper units is approximately 950 square feet; all square footage figures are estimates and should be verified by the buyer. The 3 bedroom unit is located on the ground level with a spacious and functional floor plan, while the two upper units offer efficient layouts and consistent rental demand. The property offers in-place rental income, providing immediate cash flow for a new owner. Parking is a significant advantage, with four individual garages plus additional off street parking along the rear driveway accessed from the alley. Each unit is separately metered for electricity, and an on site laundry area provides added convenience and supplemental income. The large rear lot may offer future potential for expansion or accessory dwelling unit possibilities, subject to buyer verification and city approval. This creates an opportunity to add value over time while holding a well positioned asset. Conveniently located near parks, shopping, dining, and schools, with easy access to the 10, 60, and 710 freeways and a short drive to Cal State LA and Downtown Los Angeles, this property combines neighborhood appeal with everyday accessibility.

F
Felix Hung
Listing Agent

Price History

Date
Event
Price
01/12/22
Sold
$1,378,000
Condition Rating
Fair

Built in 1980, this property shows its age with largely original or very early-era updates. The kitchen features dated oak cabinets, laminate countertops, and older white appliances. Bathrooms have basic vanities and fixtures, consistent with the property's age. Popcorn ceilings are prevalent, and cooling/heating relies on wall heaters and window AC units, indicating a lack of central HVAC. While the laminate flooring is a minor update, the overall condition suggests the property is maintained but requires substantial cosmetic and system updates to meet modern standards, aligning with the 'fair' category.
Pros & Cons

Pros

Prime Alhambra Location: Situated in a highly desirable residential pocket of Alhambra, offering excellent access to major freeways (10, 60, 710), Cal State LA, Downtown LA, parks, shopping, dining, and schools.
Strong Income & Investment Potential: Triplex with in-place rental income, providing immediate cash flow, and a versatile layout suitable for both owner-users and investors seeking future upside.
Significant Value-Add Opportunity: The large rear lot presents potential for expansion or Accessory Dwelling Unit (ADU) development, offering future appreciation and increased income potential.
Ample & Convenient Parking: Features four individual garages plus additional off-street parking along the rear driveway, a significant advantage for a multi-unit property.
Efficient Management Features: Each unit is separately metered for electricity, and an on-site laundry area provides added convenience for tenants and potential supplemental income for the owner.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3074, other record living area = 2900.
Active Under Contract Status: The property is currently 'Active Under Contract,' which limits immediate opportunities for new prospective buyers to submit offers.
Potential for Deferred Updates: Built in 1980, the property description does not specify recent major renovations, suggesting potential for future capital investment in interior updates or system upgrades.
ADU/Expansion Contingency: While offering potential, the feasibility of ADU or expansion is explicitly subject to buyer verification and city approval, introducing an element of uncertainty and additional due diligence.
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