308 S Almansor Street, Alhambra, California 91801, Alhambra, 91801 - bed, bath

308 S Almansor Street, Alhambra, California 91801 home-pic-0
ACTIVE$1,588,800
308 S Almansor Street, Alhambra, California 91801
0Bed
0Bath
2,430Sqft
7,503Lot
Year Built
1923
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$654
HOA
-
Days on market
-
Sold On
-
MLS number
PW25026576
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.59M(83th), sqft - 2430(83th), beds - undefined(50th), baths - undefined(50th).

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. Listing agent and seller do not represent or guarantee all MLS data. It is buyer's agent and buyer's sole responsibility to perform all investigations including and not limited to permits, square footage, lot size or dimensions, zoning, schools HOA (CC&R) and parking limitations. It is the buyer and buyer's agent to do their due diligence. Please DO NOT disturb the tenants. Drive by only!

Nearby schools

6/10
Dewey Avenue Elementary School
Public,K-61.9mi
9/10
Marengo Elementary School
Public,K-51.9mi
7/10
Emerson (Ralph Waldo) Elementary School
Public,K-62.1mi
8/10
Monterey Hills Elementary School
Public,K-52.7mi
3/10
Cesar Chavez Elementary School
Public,K-62.9mi
5/10
Sierra Park Elementary School
Public,K-63.1mi
6/10
City Terrace Elementary School
Public,K-54.0mi
5/10
Granada Elementary School
Public,K-80.4mi
8/10
Martha Baldwin Elementary School
Public,K-80.9mi
5/10
William Northrup Elementary School
Public,K-80.9mi
7/10
Garfield Elementary School
Public,K-80.9mi
7/10
Park Elementary School
Public,K-81.4mi
7/10
Ramona Elementary School
Public,K-81.4mi
6/10
Marguerita Elementary School
Public,K-81.7mi
9/10
South Pasadena Middle School
Public,6-82.0mi
6/10
Emery Park Elementary School
Public,K-82.1mi
7/10
Ynez Elementary School
Public,K-82.3mi
6/10
Jefferson Middle School
Public,6-82.4mi
4/10
Fremont Elementary School
Public,K-82.5mi
6/10
Garvey (Richard) Intermediate School
Public,7-82.5mi
8/10
Monterey Highlands Elementary School
Public,K-83.4mi
5/10
El Sereno Middle School
Public,6-83.6mi
8/10
San Gabriel High School
Public,9-120.6mi
7/10
Alhambra High School
Public,9-120.6mi
3/10
Del Mar High School
Public,10-121.1mi
9/10
Mark Keppel High School
Public,9-121.7mi
8/10
Gabrielino High School
Public,9-121.8mi
9/10
South Pasadena Senior High School
Public,9-122.2mi
4/10
Woodrow Wilson Senior High School
Public,9-124.2mi
5/10
Abraham Lincoln Senior High School
Public,9-125.1mi
Condition Rating
Fair

The property was built in 1923. While some units have been remodeled recently (2023), the description mentions that some upgrades were done without permits. The images show updated flooring and what appears to be a modern bathroom in at least one unit. However, the age of the building and the potential for unpermitted work suggest a 'Fair' condition, requiring further investigation.
Pros & Cons

Pros

Rental Income Potential: The property features four units, including a newly permitted ADU, offering strong rental income potential in a desirable location.
Recent Upgrades: Two of the one-bedroom units were completely remodeled in 2023, and the two-bedroom unit has new flooring, enhancing tenant appeal and reducing immediate maintenance costs.
Desirable Location: Centrally located in north Alhambra, the property is close to Pasadena, increasing its attractiveness to potential tenants and buyers.

Cons

Permitting Concerns: Upgrades on units other than the ADU were done without permits, potentially leading to compliance issues or future complications.
Limited Utility Information: The owner pays for water, which could impact profitability depending on tenant usage and water rates.

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