405 E Ramona, Alhambra, California 91801, Alhambra, 91801 - 2 bed, 3 bath
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405 E Ramona
Alhambra, California 91801
ACTIVE
CONDITION: POOR
2Beds
3Baths
1,485Sq Ft
5,892Lot Size
Property Price
LIST PRICE$908,000
EST. MARKET VALUE
$928,000
SUMMARY
This duplex presents a Strong Value Opportunity with a List Price of $928,000—positioned well below the $989,123 Fair Market Value by 6%. This valuation gap offers $61,123 in Instant Equity. Featuring a Fair Condition Rating, the property includes significant capital improvements like a new roof and plumbing. With its ADU potential and proximity to top-rated schools like Mark Keppel High, this is a versatile asset for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Estimated Market Value
$928,000
Based on Realkey algorithm analyzing recent comparable sales in Alhambra.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947, this 79-year-old property is marketed as an 'investment opportunity,' which typically signals a need for significant rehab. While the listing mentions a new roof and plumbing, the exterior shows heavy weathering, unkempt grounds, and dated materials that likely extend to the interior systems and finishes.
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).
- Significant Capital Improvements
The property features essential high-ticket upgrades including a new roof, new plumbing throughout, and dual-pane windows, significantly reducing immediate maintenance costs and enhancing energy efficiency.
- Expansion & ADU Potential
With a generous 5,892 sqft lot and spacious front and back yards, there is excellent potential for future expansion or the addition of an ADU to further maximize rental yield and property value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1485, other record living area = 1405.
- Limited Unit Configuration
Both units are currently configured as 1-bedroom residences, which may restrict the potential tenant base and limit the overall rental ceiling compared to multi-bedroom units.
- Garage Conversion Compliance
The garage has been converted into living space, which may require verification of permits to ensure legal compliance and could potentially impact appraisal values or financing options.
About 405 E Ramona
Exceptional Investment Opportunity in the Heart of Alhambra! Don’t miss this rare duplex offering incredible income potential in one of Alhambra’s most desirable locations. Unit 405 has 1 bedroom, 1 bath units (670 sqft) Unit 407 has 1 bedroom, 2 baths (815 sqft) plus a garage converted into living space, providing excellent flexibility for rental income or extended family living. Both the front and back yards are spacious, offering exciting possibilities for future expansion, or enhanced outdoor living. Major upgrades include a new roof, new plumbing throughout, updated dual-pane windows and bathroom. Whether you’re an investor seeking strong cash flow or an owner-occupant looking to live in one unit while generating rental income from the others to offset mortgage, this property offers outstanding potential. Conveniently located near shopping, restaurants, schools, parks, public transportation, and easy freeway access, this is an opportunity you won’t want to miss.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1947
- Lot Size
- 5,892 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alhambra Unified Schools
Emerson (Ralph Waldo) Elementary School
Grades K-6 • 0.8 mi
7/10
Dewey Avenue Elementary School
Grades K-6 • 1.4 mi
6/10
Sierra Park Elementary School
Grades K-6 • 3.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.4 |
| Baths | 3.0 | 2.8 |
| Square foot | 1,485 | 2,082.417 |
| Lot Size | 5,892 | 8,052.917 |
| Price | $908.0K | $1.29M |
| Price per sq ft | $611 | $586 |
| Built year | 1947 | 1936 |
| HOA | $0 | $0 |
| Days on market | 33 | 55 |
Pricing History
Listed for Sale
Aug 20, 2026
$908,000
$928,000
-2% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$928,000
Initial Listing
Sold
Aug 12, 2011
$408,000
Public Record