312 N Marguerita Avenue, Alhambra, California 91801, Alhambra, 91801 - 4 bed, 2 bath
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Alhambra, California 91801
This Residential Income Duplex presents a Prime Investment Opportunity with a List Price of $1,199,000—positioned well below the $1,226,291 Fair Market Value by 2%. This valuation gap offers $27,291 in Instant Equity. The property features two detached residences on a 7,527 Sqft Lot with a Condition Rating of 4, providing immediate functionality and rental upside. Situated near Top-Rated Schools like Marengo Elementary (9/10) and Alhambra's Main Street, this asset is ideal for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 N Marguerita Avenue Subject | $1,199,000* List Price | 4 | 2 | 1,925 | $637 | - |
A 233 N Olive Avenue Sold | $1,080,000 | 5 | 3 | 2,144 | $504 | 0.1 mi |
B 113 S 5th Street Sold | $1,095,000 | 0 | 0 | 1,873 | $585 | 0.5 mi |
C 208 N Fremont Avenue Sold | $900,000 | 0 | 0 | 1,720 | $523 | 0.8 mi |
D 233 N Olive Avenue Sold | $1,080,000 | 0 | 0 | 2,144 | $504 | 0.1 mi |
E 2115 Vine Street Sold | $1,058,000 | 0 | 0 | 1,612 | $656 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1913, this property is functional and has received some updates but remains largely outdated. The interior features newer laminate flooring and recessed lighting in the living areas, yet the kitchen retains dated oak cabinetry and older fixtures. The exterior shows signs of wear, including peeling paint and masonry damage on the front porch pillars. While the home appears maintained, it requires modernization and minor repairs to meet current market standards, fitting the 'fair' criteria for a century-old home with occasional updates.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The property features two detached homes on a single lot, providing exceptional flexibility for multi-generational living or a 'live-in one, rent the other' investment strategy.
Situated within walking distance of Alhambra's vibrant Main Street, residents enjoy easy access to premier shopping, dining, and highly-rated local schools.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7527, other record lot size in square feet = 7275.
Originally built in 1913, the property may require ongoing capital improvements or modernization of aging systems typical of century-old structures.
Accommodating two separate residences on a standard lot may result in limited private outdoor space and potential parking constraints for multiple occupants.
Fantastic investment or multi-generational living opportunity in Alhambra! This unique property features two separate homes on one parcel, offering versatility, value, and strong income potential.The front house boasts 2 bedrooms and 1 bathroom across approximately 1,134 square feet of living space, featuring a spacious layout, and comfortable living areas ideal for an owner-occupant. The rear unit offers an additional 2-bedroom, 1-bathroom layout with approximately 791 square feet, as well asn an attached garage, perfect for rental income, extended family, or a private guest residence.Both homes provide functional floor plans and the privacy of separate living spaces, making this property an excellent option for investors or those seeking to live in one unit while generating income from the other.Located within walking distance of Main Street, this property is close to shopping, dining, and schools. This property combines location, flexibility, and long-term potential.Don't miss this rare opportunity to own two homes on one lot in a prime location!both units are owner occupied.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.6 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 55% |
| Baths | 2.0 | 0.0 | 55% |
| Square foot | 1,925 | 1,925 | 50% |
| Lot Size | 7,527 | 7,505 | 55% |
| Price | $1.20M | $1.09M | 55% |
| Price per sq ft | $623 | $619 | 55% |
| Built year | 1913 | 1924 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 141 | 9% |
Apr 10, 2026
$1,199,000
Initial Listing
Aug 31, 2007
$730,000
Public Record
May 10, 2006
$575,000
Public Record
May 22, 2002
$235,000
Public Record