
Alhambra, California 91801
This 4-Unit Residential Income Asset represents a High-Potential Investment Opportunity, listed at $1,588,000—positioned well below the $1,613,178 Fair Market Value by 1.56%. This valuation gap offers $25,178 in Instant Equity. Featuring a Condition Rating of 2 with significant 2023 renovations and a newly permitted ADU, the property offers immediate rental upside. While some units contain unpermitted work, the prime North Alhambra location near top-rated schools like Alhambra High ensures strong demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 S Almansor Street Subject | $1,588,000* List Price | 0 | 0 | 2,430 | $664 | - |
A 228 S El Molino Sold | $1,470,000 | 2 | 2 | 1,922 | $765 | 0.3 mi |
B 104-106 E Linda Vista Avenue Active | $1,695,000 List Price | 0 | 0 | 2,793 | $607 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property meets the excellent criteria due to significant recent renovations within the last 1-2 years, including a brand new permitted ADU completed this year and two units completely remodeled in 2023. The systems have been updated with four separate electric meters.
The property features a versatile four-unit configuration, including a newly permitted ADU, providing high rental yield potential and the flexibility for owner-occupancy.
Significant renovations were completed in 2023, including two fully remodeled units and new flooring in a third, reducing immediate capital expenditure for the buyer.
Centrally located near Pasadena, this property sits in a highly desirable rental market with easy access to major amenities and employment hubs.
Upgrades to the primary units were performed without permits, which may present challenges during the appraisal process or future city inspections.
The property lacks individual meters for water and has fewer gas meters than units, requiring the owner to absorb significant utility costs and complicating tenant billing.
Centrally located in north Alhambra this single level property is a great opportunity to own an upgrade 4 unit rental property very close to Pasadena. There are two One-bedroom units with one bathroom that was completely remodeled in 2023. There is a separate one Two-bedroom unit with one bathroom, and this unit has new flooring from 2023. The final ADU unit was completed this year with permits. All of the units have individual laundry hook-ups except for the ADU unit. 4 sperate electric meters, 3 gas meter, and one water meter that the owner pays. All upgrades on all units other than the ADU unit is done by the license contractor without permits. The ADU unit was converted with permits and it is available for an owner to occupy or rent out at the market rent. The LA is part owner of the property and related to the seller. All information provided herein—including but not limited to square footage, lot size, room dimensions, property condition, school districts, and zoning—is deemed reliable but is not guaranteed and should be independently verified. Neither the Seller nor its Listing Agent/Brokerage makes any warranties or representations, express or implied, regarding the accuracy, completeness, or condition of the property. It is the buyer and buyer's agent to do their due diligence. Please DO NOT disturb the tenants. Drive by only!
No exterior & parking available.
Grades K-6 • 1.9 mi
Grades K-5 • 1.9 mi
Grades K-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,430 | 2,514.5 |
| Lot Size | 7,503 | 8,353 |
| Price | $1.59M | $1.33M |
| Price per sq ft | $653 | $549 |
| Built year | 1923 | 1929 |
| HOA | $0 | $0 |
| Days on market | 0 | 45 |
Jun 10, 2026
$1,588,000
Initial Listing
Mar 3, 2022
$650,000
Public Record