611 S Marguerita Ave, Alhambra, California 91803, Alhambra, 91803 - 2 bed, 1 bath
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Alhambra, California 91803
This Residential Redevelopment Asset is listed at $750,000, representing a land-value acquisition compared to its $551,611 Fair Market Value. The property carries a Condition Rating of 6 due to extensive fire damage, shifting the focus to the expansive 7,953 sq ft lot. With RM Zoning and 45% lot coverage, there is significant potential for high-density development, including ADU and Junior ADU units. Located within the Alhambra Unified School District, this site offers a strategic build-out opportunity for Real Estate Developers or Seasoned Investors.
Property is land value only, full reconstruction required.
The property is a 1895-built structure that has sustained significant fire damage and is being sold for land value only. The listing explicitly states it is a redevelopment opportunity and is being sold as-is, indicating the existing structure is unlivable and beyond repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7953, living area = 1474.
Single -family residence located in the city of Alhambra on a spacious 7,953 sq ft lot (approx. 50x159). The existing structure consists of 2 bedrooms and 1 bathroom with approximately 1,474 sq ft of living area. Property was fire damaged and is being sold AS-IS, land value only. Zoned RM with approximately 45% lot coverage, offering potential for redevelopment. Buyer to verify all development possibilities with the City, including ADU and Junior ADU potential. Convenient location close to Costco, shopping, dining, and major transportation routes. Great opportunity for investors or developers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 1.0 | 2.0 | 39% |
| Square foot | 1,474 | 1,371 | 68% |
| Lot Size | 7,953 | 6,418 | 84% |
| Price | $750.0K | $930.0K | 13% |
| Price per sq ft | $509 | $696 | 6% |
| Built year | 1895 | 1937 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 119 | 126 | 48% |
Feb 17, 2026
$750,000
Initial Listing