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 represents a High-Potential Investment Opportunity, listed at $1,075,000—positioned well below the $1,093,501 Fair Market Value by 1.7%. With $18,501 in Instant Equity, this property features a Good Condition Rating and significant High Density Zoning (up to 4 units). The current 5-bed/5-bath configuration provides immediate rental utility, while proximity to Top-Rated Schools like South Pasadena High adds long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 504 N 1st St Subject | $1,075,000* List Price | 3 | 2 | 1,306 | $837 | - |
A 228 N Almansor Sold | $1,200,000 | 3 | 2 | 1,410 | $851 | 0.5 mi |
B 400 N Ethel Avenue Sold | $1,080,000 | 3 | 2 | 1,293 | $835 | 0.8 mi |
C 218 N Almansor Sold | $1,200,000 | 3 | 3 | 1,795 | $669 | 0.5 mi |
D 924 N Stoneman Active | $1,290,000 List Price | 3 | 1 | 1,610 | $801 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1925, the home features a recently renovated kitchen with modern shaker cabinetry, stone countertops, and updated backsplash, along with at least one modernized bathroom. The interior shows newer laminate flooring and fresh paint. It is rated 'Good' rather than 'Excellent' due to dated popcorn ceilings, the use of window AC units instead of central HVAC, and significant discrepancies between title records and current configuration.
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 7,361 sq ft lot zoned for High Density (up to 4 units), offering a rare and lucrative opportunity for investors or multi-generational development.
There is a significant discrepancy between the recorded title and the current physical configuration; buyers must verify the legality and permit status of the additional square footage and bathrooms.
Built in 1925, the property may require substantial updates to its core systems and structural elements to meet modern standards and ensure the safety of the unverified expansions.
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,306 | 1,374 |
| Lot Size | 7,361 | 7,321 |
| Price | $1.07M | $1.05M |
| Price per sq ft | $823 | $708 |
| Built year | 1925 | 1929 |
| HOA | $0 | $0 |
| Days on market | 9 | 43 |
Jul 13, 2026
$1,075,000
Initial Listing