
Alhambra, California 91803
This four-unit multifamily property represents a High-Potential Investment Opportunity, listed at $1,288,000—positioned above the $1,138,276 Fair Market Value. While priced at a premium, the asset features significant recent capital improvements, including 2025 plumbing upgrades and 2024 exterior renovations. With a Fair Condition Rating, the property offers clear value-add potential through interior modernization of the original hardwood floors. Its strategic location near major employment hubs and universities ensures stable rental demand. This is a compelling acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term income growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2721 S Fremont Subject | $1,288,000* List Price | 0 | 0 | 2,230 | $510 | - |
A 2204 Orange Grove Sold | $1,525,000 | 0 | 0 | 3,074 | $496 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features excellent recent capital improvements including 2025 plumbing and 2024 exterior paint/fencing, the interiors are dated (>20 years) with linoleum flooring and older bathroom tile. The heating system (gravity floor heat) is obsolete, and the listing explicitly notes the opportunity for interior upgrades, placing it in the fair category.
The property features significant recent upgrades including updated plumbing (2025), fresh exterior paint (2024), a new perimeter fence, and a resurfaced driveway, reducing immediate CAPEX requirements for investors.
Ideally situated near major employment hubs like Downtown LA and USC Medical Center, as well as Cal State LA, ensuring a consistent and high-demand tenant pool.
With original hardwood floors preserved under current carpeting and a 1950s build, there is a clear opportunity to increase rental upside through cosmetic interior modernizations.
The reliance on older gravity floor heating and a lack of comprehensive cooling (only one window AC unit provided for four units) may limit the property's appeal to premium-market tenants.
The uniform 1-bedroom, 1-bathroom unit mix restricts the tenant base to individuals or couples, lacking the flexibility to accommodate families or those seeking multi-bedroom layouts.
**2721–2723 S. Fremont Ave., Alhambra** An attractive four-unit multifamily investment opportunity in the highly desirable City of Alhambra featuring 4- 1 Bedroom, 1 Bath units, this well-maintained property offers stable rental income, long-term tenancy, and an exceptional San Gabriel Valley location with convenient access to major employment centers, universities, medical facilities, shopping, dining, and entertainment. The property features four on-site carport parking spaces—one assigned to each unit—as well as two private storage rooms conveniently attached to the carport. Each unit is equipped with gravity floor heating and features carpet and linoleum flooring, with original hardwood floors beneath the carpet in the living rooms and bedrooms, presenting an opportunity for future interior upgrades and added value. Included appliances consist of four gas stoves, one refrigerator, and one window air conditioning unit. Significant recent capital improvements include updated plumbing throughout all four units in 2025, providing a valuable infrastructure upgrade. Additional exterior enhancements completed in 2024 include fresh exterior paint, a new wood perimeter fence, and a resurfaced driveway. The property also offers low-maintenance landscaping with an automatic sprinkler system. Ideally situated with easy access to Downtown Los Angeles, Cal State LA, USC, and the USC Medical Center, the property is conveniently located near the I-10, I-710, SR-60, and I-5 freeways. Residents also enjoy close proximity to Monterey Park, Pasadena, and Arcadia, with an abundance of restaurants, shopping centers, theaters, parks, and other community amenities nearby. This is an outstanding opportunity for investors seeking a well-located, income-producing asset with stable occupancy, recent capital improvements, and long-term upside in one of the San Gabriel Valley's most desirable rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,230 | 2,514.5 |
| Lot Size | 7,331 | 8,353 |
| Price | $1.29M | $1.33M |
| Price per sq ft | $578 | $549 |
| Built year | 1950 | 1929 |
| HOA | $0 | $0 |
| Days on market | 23 | 45 |
Jun 29, 2026
$1,288,000
Initial Listing