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706 S Meridian Avenue, Alhambra, California 91803, Alhambra, 91803 - bed, bath

706 S Meridian Avenue, Alhambra, California 91803 home-pic-0
ACTIVE$1,750,000
706 S Meridian Avenue, Alhambra, California 91803
0Bed
0Bath
1,886Sqft
7,730Lot
Year Built
1937
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$928
HOA
-
Days on market
-
Sold On
-
MLS number
CV25110236
Home ConditionFair
Features
Patio
ViewCity Lights,Neighborhood

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.75M(97th), sqft - 1886(80th), beds - undefined(3th), baths - undefined(3th).

2 NICE 2 BEDROOM HOUSE'S ON A LOT ! 2 BEDROOM'S 1 Bathroom Each !, Central Air .. Great Higher Pro-Forma Rent Income Potential to $3,100 - $3,400 Aprox ... , 2 Addresses: 706 S. Meridian Av. 1955 Year per City records, and 2725 Mimosa St., 1949 Year per City .., Alhambra, Ca. 91803 , Great Investment Property ! Just 1/2 Block from Fremont Plaza Center Stores ... , Great shopping, IHOP International Pancake House !, Taco Bell, Pollo Loco, Carl's Jr, Costco, Alberton's, Target, Ralphs, Panera Bread, Ono Hawaii, Etc. and just across the street, International Pancake House, Great Schools Rating 8+ , close to Alhambra High School walking distance, and schools, medical Centers, banks, transportation, and lot's more ..!,Designer's Custom Cabinets , granite counter tops, hardwood ceiling's, tile flooring throughout, double pane windows ..., awning in front of house comes down and up by remote awning ..! Central Air.., Very Nice well kept interiors ... Nice Quiet Neighborhood, Front & Gated yard's, each has Detached Garage and Driveway..! dog in yard, subject to disclosure , potential FHA .., 10-20% down OMC A 2nd TD .., Conventional .., see remark's ..

Price History

Date
Event
Price
05/17/25
$1,750,000
Condition Rating
Fair
The property, built in 1937 (with units from 1949/1955), has undergone significant updates including granite countertops, custom cabinets, tile flooring, double-pane windows, and central air. While these are valuable improvements, the style of the kitchen cabinets and the visible appliances (older white and black models) suggest these renovations were likely completed 15-25 years ago, rather than within the last 5-15 years. The interiors are described as 'well kept' and appear functional, but the overall aesthetic in the kitchens shows signs of being outdated. No major defects are apparent, but minor updates to appliances and potentially bathrooms (not pictured) would likely be desired by a new owner, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Income-Generating Potential: The property features two separate 2-bedroom, 1-bathroom houses on one lot, offering significant pro-forma rental income potential ($3,100 - $3,400 approx.) and is highlighted as a 'Great Investment Property'.
Prime Location & Amenities: Located just half a block from Fremont Plaza Center, providing walking distance access to extensive shopping, diverse dining options (Costco, Target, Ralphs, Panera Bread, etc.), highly-rated schools (8+ rating, walking distance to Alhambra High School), medical centers, banks, and transportation.
Quality Interior Finishes: The interiors boast desirable updates including designer custom cabinets, granite countertops, hardwood ceilings, tile flooring throughout, and double-pane windows, indicating a well-kept and modern living space.
Individual Unit Amenities & Privacy: Each house benefits from its own front and gated yard, detached garage, and driveway, enhancing tenant appeal, convenience, and privacy.
Modern Comforts: Both units are equipped with central air conditioning, a key comfort feature that adds to the property's marketability and tenant satisfaction.

Cons

Age of Structures: The primary structure was built in 1937, with other units from 1949 and 1955, which may imply potential for older infrastructure (e.g., plumbing, electrical systems) despite mentioned cosmetic updates.
Property Type Discrepancy: The property is listed as a 'Single Family Residence' (sub_type) despite clearly being a multi-unit property with '2 NICE 2 BEDROOM HOUSE'S ON A LOT', which could lead to complexities in financing or zoning.
Vague Financing Terms: The description mentions 'potential FHA', '10-20% down OMC A 2nd TD', and 'Conventional' with a general 'see remark's' note, suggesting potentially complex or non-standard financing requirements that need clarification.

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