504 N 1st St, Alhambra, California 91801, Alhambra, 91801 - 3 bed, 2 bath
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Alhambra, California 91801
This High-Density Residential Asset is listed at $1,195,000, reflecting a strategic premium over the $1,113,501 Fair Market Value due to its rare development potential. Currently maintaining a Condition Score of 3, the home features a renovated kitchen and a spacious 6-bedroom layout. The property is anchored by a 7,361 sq ft lot with High Density Zoning (up to 4 units), providing significant long-term appreciation. Situated near Alhambra High and the South Pasadena border, it offers a blend of lifestyle and utility. This is an ideal match for Multi-generational Families or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 504 N 1st St Subject | $1,150,000* List Price | 3 | 2 | 1,306 | $837 | - |
A 218 N Almansor Sold | $1,200,000 | 3 | 3 | 1,795 | $669 | 0.5 mi |
B 501 N Olive Sold | $1,120,000 | 3 | 2 | 1,525 | $734 | 0.3 mi |
C 228 N Almansor Active Under Contract | $1,098,000 List Price | 3 | 2 | 1,410 | $779 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a recently renovated kitchen with modern grey shaker cabinetry, quartz countertops, a subway tile backsplash, and stainless steel appliances. The interior has been updated with contemporary laminate flooring and neutral paint. While the original structure dates to 1925, the significant interior updates and the expansion to a 6-bedroom/5-bathroom configuration indicate substantial recent work, although the presence of popcorn ceilings and minor wall finish issues keep it from an 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7361, living area = 1306.
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 is situated on a generous 7,361 sq ft lot zoned for high density (up to 4 units), offering exceptional upside for investors or developers looking to maximize land value.
There is a significant discrepancy between the official title records and the current physical configuration, which may present challenges regarding permits, legality, and financing.
Built in 1925, the property likely requires substantial updates to its core systems and structural elements to meet modern building codes and efficiency standards.
Welcome to 504 N 1st Street, a charming and well-located home nestled in the heart of Alhambra. This inviting residence offers the perfect blend of comfort, character, and convenience—ideal for homeowners and investors alike. Title shows 3 bed, 2 bath, 1,306 sq ft. Property currently configured as 5 bed, 5 bath with approximately 2,000+ sq ft of living space. Buyer to verify all permits, square footage, bedroom/bath count, and satisfy themselves as to condition and legality. The property also features a detached, powered shed—perfect for a home office, studio, or flexible bonus space. Featuring a functional layout with abundant natural light, the home boasts spacious living areas that create a warm and welcoming atmosphere. The kitchen offers ample cabinetry and workspace, perfect for everyday living and entertaining. Generously sized bedrooms provide comfort and flexibility, while the outdoor space presents endless possibilities for relaxation, gardening, or future expansion. Situated on a desirable 7k sq ft lot in a High Density zoned for up to 4 units, making it a fantastic opportunity to create additional income streams or accommodate extended family. Located in a prime Alhambra neighborhood, you’re just minutes from vibrant dining, shopping, schools, and easy freeway access—combining suburban charm with urban convenience. Don’t miss this incredible opportunity to own a versatile property in one of the San Gabriel Valley’s most sought-after communities.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.9 mi
Grades K-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,306 | 1,501 | 35% |
| Lot Size | 7,361 | 7,339 | 51% |
| Price | $1.15M | $1.16M | 49% |
| Price per sq ft | $881 | $768 | 73% |
| Built year | 1925 | 1931 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 122 | 35% |
May 17, 2026
$1,150,000
$1,195,000
-4% Price Drop
Initial Listing
Mar 21, 2026
$1,195,000
Initial Listing