312 S Meridian Avenue, Alhambra, California 91801, Alhambra, 91801 - 2 bed, 1 bath
312 S Meridian Avenue
Alhambra, California 91801
Property Price
SUMMARY
Analysis of 312 S Meridian Avenue, Alhambra, California 91801 reveals a Prime Investment Opportunity with a current list price of $899,000—significantly undercutting the $949,724 Fair Market Value by 5%. This valuation gap indicates a +$50,724 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Alhambra Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 S Meridian Avenue Subject | $899,000* List Price | 2 | 1 | 1,118 | $849 | - |
A 600 La Paloma Avenue Sold | $750,000 | 2 | 1 | 1,072 | $700 | 0.2 mi |
B 208 La France Avenue Sold | $825,000 | 2 | 1 | 1,032 | $799 | 0.5 mi |
C 127 Elm Street Sold | $880,000 | 2 | 1 | 1,020 | $863 | 0.2 mi |
D 228 Hampden Terrace Sold | $1,135,311 | 3 | 2 | 1,320 | $860 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1923 home is well-maintained with high curb appeal, featuring original architectural details like coffered ceilings and freshly painted interiors with hardwood floors. However, it is being sold 'as-is' and has not changed hands since 1964, indicating that while it is clean and livable, the kitchen (featuring a vintage O'Keefe & Merritt stove) and the single bathroom are dated and likely require modernization of both style and underlying systems.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
- Historic Architectural Character
This 1923 Transitional Colonial Revival home features exquisite period details including coffered ceilings, crown molding, and original built-ins that provide timeless charm and significant curb appeal.
- Desirable Location and Schools
Situated in the prestigious Emery Park Tract, the property offers excellent proximity to Pasadena and Los Angeles, while benefiting from access to top-rated schools like South Pasadena Senior High.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6138, other record lot size in square feet = 6500.
- As-Is Sale Condition
The property is being sold in 'as-is' condition, which implies that buyers may need to invest additional capital for repairs, system upgrades, or modernization of the century-old structure.
- Limited Bathroom Count
With only one full bathroom to serve a potential three-bedroom layout, the home's configuration may be a drawback for larger families or those accustomed to modern luxury standards.
About 312 S Meridian Avenue
Situated in the highly sought after, beautiful, and diverse Emery Park Tract of Alhambra, this lovely single story Transitional Colonial Revival home has not been offered since 1964. You'll immediately notice its curb appeal. A well manicured lawn, wide front porch, and French windows make this home stand out. Built by Alva Earl Harshman in 1923, with coffered ceilings, crown moulding, and built-ins often found during that era, this home exudes both character and comfort. Rich hardwood flooring, and a freshly painted interior welcome you in to the living room and dining room, great for larger gatherings. You'll discover two bedrooms and a bonus room perfect for a third bedroom, office, or den. The kitchen has its own charm with a breakfast nook and O'Keefe & Merritt Stove. There's a laundry room with ample storage, and a powder room before you step outside to your own verdant oasis, perfect for relaxing or entertaining under the shade of the Magnolia tree.Conveniently located to L.A., Pasadena, and all that the San Gabriel Valley has to offer, this Emery Park home is waiting for you to make it your own.Selling AS IS. Information deemed reliable, but is not guaranteed. Buyer and buyer's agent to do their own due diligence.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 6,138 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alhambra Unified Schools
Cesar Chavez Elementary School
Grades K-6 • 0.8 mi
Sierra Park Elementary School
Grades K-6 • 1.1 mi
Monterey Hills Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.0 | 28% |
| Square foot | 1,118 | 1,549 | 23% |
| Lot Size | 6,138 | 7,448 | 28% |
| Price | $899.0K | $1.12M | 26% |
| Price per sq ft | $804 | $734 | 69% |
| Built year | 1923 | 1930 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 184 | 3% |
Pricing History
Listed for Sale
Feb 19, 2026
$899,000
Initial Listing