2917 W Hellman Avenue, Alhambra, California 91803, Alhambra, 91803 - 3 bed, 2 bath
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Alhambra, California 91803
This Historic Value-Add Residence is a Strong Value Opportunity, listed at $1,180,000—positioned well below the $1,263,366 Fair Market Value by 6%. This valuation gap provides $83,366 in Instant Equity for buyers. While the property holds a Condition Score of 4 with dated 1940s infrastructure, the 800 sq ft multipurpose structure and 300 sq ft enclosed patio offer significant square footage advantages. Located in the desirable Alhambra Historic Hills, this home is ideal for Owner-Occupants seeking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2917 W Hellman Avenue Subject | $1,180,001* List Price | 3 | 2 | 2,174 | $543 | - |
A 2432 Westmont Drive Sold | $932,000 | 3 | 2 | 1,345 | $693 | 0.4 mi |
B 1809 S Palm Avenue Sold | $1,220,000 | 3 | 2 | 1,767 | $690 | 0.6 mi |
C 2656 Whitney Sold | $979,000 | 3 | 2 | 1,396 | $701 | 0.9 mi |
D 1617 S Ethel Avenue Sold | $950,000 | 3 | 1 | 1,412 | $673 | 0.8 mi |
E 2133 Westminster Active | $1,199,000 List Price | 3 | 2 | 2,121 | $565 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but significantly dated, reflecting its 1940 construction with older interior finishes. The kitchen features 1970s-style dark wood cabinetry, white tile countertops, and a dated drop-ceiling with fluorescent lighting. Other vintage elements include popcorn ceilings, window AC units, and older appliances. While the home is spacious and functional, it requires cosmetic modernization and likely system updates to meet contemporary standards.
The property includes an 800 sq ft multipurpose structure and a 300 sq ft enclosed patio, providing significant additional usable space beyond the primary 2,174 sq ft residence.
Situated in the desirable Alhambra Historic Hills neighborhood near Midwick Park, the home benefits from a quiet, prestigious suburban setting with high long-term value retention.
The 2,174 sq ft interior features a functional floor plan with three bedrooms and a versatile bonus den, offering more living area than many comparable homes from the 1940s.
Built in 1940, the property likely requires updates to major systems and cosmetic modernization to meet the standards of contemporary luxury buyers.
The gently sloped nature of the backyard may limit the amount of flat, usable space for traditional outdoor recreation or the installation of a pool.
The need for a significant price correction shortly after listing suggests the property may have faced initial market resistance or extended days on market.
Charming Single-Family Home in Alhambra’s Historic Hills Neighborhood This inviting single-story residence offers comfortable 2,174 sq ft of living space on a 0.17-acre lot in one of Alhambra’s desirable historic neighborhoods. Built in 1940, the home features three bedrooms, two full bathrooms, and a versatile bonus den. Inside, you’ll find a cozy living room with a fireplace, a functional kitchen, and a thoughtful layout with bedrooms on the main level. A spacious enclosed patio (approximately 300 sq ft) and a large additional 800 sq ft structure (often used as a family temple or multipurpose space) expand the usable area beyond the main house. The home sits on a beautifully landscaped lot with a gently sloped backyard and a small garden, offering room for outdoor enjoyment and future improvement. An attached two-car garage and ample driveway parking add convenience. Located near Alhambra Hills, Midwick Park, and the historic district, this property blends quiet suburban charm with easy access to freeways, parks, schools, and local amenities.
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 | 2,174 | 1,412 | 90% |
| Lot Size | 7,316 | 6,348 | 77% |
| Price | $1.18M | $945.5K | 77% |
| Price per sq ft | $543 | $684 | 13% |
| Built year | 1940 | 1938 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 106 | 175 | 35% |
Apr 19, 2026
$1,180,001
$1,180,000
+0% Price Increase
Initial Listing
Jan 8, 2026
$1,180,000
$1,280,000
-8% Price Drop
Initial Listing
Jan 6, 2026
$1,280,000
Initial Listing