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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

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: The property offers significant pro-forma rent income potential, estimated between $3,100 - $3,400 per unit, making it a strong investment for cash flow.
Top Cons:
Age of Structures: The homes were built in 1955 and 1949, respectively. While interiors are updated, the underlying older construction may lead to higher long-term maintenance costs or potential for unforeseen structural issues compared to newer properties.

Compared to the nearby listings

Price:$1.75M vs avg $990.0K (+$760,000)92%
Size:1,886 sqft vs avg 1,758 sqft54%
Price/sqft:$928 vs avg $45692%

More Insights

Built in 1955 (70 years old).
Condition: Built in 1955, this property has undergone significant updates including central air, double-pane windows, tile flooring, and a kitchen with 'Designer's Custom Cabinets' and granite countertops. While these updates make the home move-in ready and functional, the style of the kitchen (dark wood cabinets, speckled granite, and an older-looking range) and the exposed beam ceilings suggest renovations that are likely 15-25 years old, fitting the 'Fair' category's 'renovated between 15 to 30 years ago' criteria. The interiors are well-kept, but the overall aesthetic is dated, requiring minor updates to meet current design standards.
Year Built
1955
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$928
HOA
-
Days on market
-
Sold On
-
MLS number
CV25187107
Home ConditionFair
Features
View-

About this home

2 HOMES, 2 HOMES 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 , see remark's ..

Condition Rating
Fair
Built in 1955, this property has undergone significant updates including central air, double-pane windows, tile flooring, and a kitchen with 'Designer's Custom Cabinets' and granite countertops. While these updates make the home move-in ready and functional, the style of the kitchen (dark wood cabinets, speckled granite, and an older-looking range) and the exposed beam ceilings suggest renovations that are likely 15-25 years old, fitting the 'Fair' category's 'renovated between 15 to 30 years ago' criteria. The interiors are well-kept, but the overall aesthetic is dated, requiring minor updates to meet current design standards.
Pros & Cons

Pros

Exceptional Income Potential: The property offers significant pro-forma rent income potential, estimated between $3,100 - $3,400 per unit, making it a strong investment for cash flow.
Prime Location & Accessibility: Strategically located just half a block from Fremont Plaza Center, providing easy access to major shopping, dining (Costco, Target, IHOP, etc.), highly-rated schools (8+ rating, walking distance to Alhambra High School), medical centers, banks, and transportation.
Dual-Unit Investment Property: Comprising two separate homes on one lot, each with its own address (706 S. Meridian Av. and 2725 Mimosa St.), offering diversified rental income streams and enhanced investment flexibility.
Updated Interiors & Modern Amenities: Both units feature well-kept interiors with designer custom cabinets, granite countertops, hardwood ceilings, tile flooring throughout, double-pane windows, central air conditioning, and a remote-controlled front awning.
Private & Desirable Neighborhood Features: Situated in a nice, quiet neighborhood, each home benefits from its own front and gated yard, a detached garage, and a private driveway, enhancing tenant appeal and privacy.

Cons

Age of Structures: The homes were built in 1955 and 1949, respectively. While interiors are updated, the underlying older construction may lead to higher long-term maintenance costs or potential for unforeseen structural issues compared to newer properties.
Limited Unit Configuration: Each unit consists of 2 bedrooms and 1 bathroom. This configuration might limit the appeal to larger families or those requiring more living space, potentially narrowing the tenant pool or future rental growth opportunities.
High Entry Price Point: The list price of $1,750,000 represents a substantial capital investment for a duplex of this age and size, which could be a barrier for some investors despite the strong income potential.

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