713 S 8th Street, Alhambra, California 91801, Alhambra, 91801 - bed, bath
ACTIVE$1,200,000
713 S 8th Street, Alhambra, California 91801
0Bed
0Bath
1,856Sqft
8,088Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Stable Rental Income & Occupancy: Features three units with long-term, reliable tenants who have a perfect payment history, ensuring immediate and consistent cash flow for investors.
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1955, the property is nearly 70 years old, suggesting potential for outdated systems and the need for future capital expenditures for maintenance or modernization.
Compared to the nearby listings
Price:$1.20M vs avg $1.09M (+$110,000)67%
Size:1,856 sqft vs avg 2,000 sqft50%
Price/sqft:$647 vs avg $62067%
More Insights
Built in 1955 (70 years old).
Condition: The property was built in 1955, making it nearly 70 years old. While the exterior appears generally maintained with trimmed landscaping, the asphalt driveway shows significant cracking, indicating some deferred maintenance. Crucially, no interior images are provided, making it impossible to assess the condition, style, and features of the kitchen, bathrooms, flooring, or other internal systems. Given its age and status as a long-term rental triplex, it is highly probable that the interiors, including kitchens and bathrooms, are significantly dated and would require substantial cosmetic updates, if not functional repairs, to meet modern standards. The description mentions long-term tenants, implying the units are functional and livable, which prevents a 'Poor' or 'Tear-down' rating. Therefore, it falls into the 'Fair' category, suggesting it's aged but maintained, with major components likely functional but outdated, requiring minor to moderate updates.
Year Built
1955
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$647
HOA
-
Days on market
-
Sold On
-
MLS number
OC25164663
Home ConditionFair
Features
View-
About this home
Three one-bedroom units, each occupied by long-term tenants who have never been late on payments. Conveniently situated in the heart of Alhambra, this property is just 8.6 miles from Downtown Los Angeles and under 4 miles from Cal State Los Angeles. Within walking distance to the vibrant and bustling downtown Alhambra, offering a variety of restaurants, shops, and entertainment.
Nearby schools
9/10
Marengo Elementary School
Public,•K-5•1.9mi
7/10
Emerson (Ralph Waldo) Elementary School
Public,•K-6•2.0mi
3/10
Cesar Chavez Elementary School
Public,•K-6•2.1mi
5/10
Sierra Park Elementary School
Public,•K-6•2.1mi
6/10
Dewey Avenue Elementary School
Public,•K-6•2.3mi
8/10
Monterey Hills Elementary School
Public,•K-5•2.3mi
6/10
City Terrace Elementary School
Public,•K-5•3.0mi
7/10
Ramona Elementary School
Public,•K-8•0.6mi
6/10
Marguerita Elementary School
Public,•K-8•0.7mi
5/10
William Northrup Elementary School
Public,•K-8•0.8mi
7/10
Park Elementary School
Public,•K-8•0.9mi
7/10
Garfield Elementary School
Public,•K-8•1.2mi
6/10
Emery Park Elementary School
Public,•K-8•1.3mi
5/10
Granada Elementary School
Public,•K-8•1.3mi
4/10
Fremont Elementary School
Public,•K-8•1.4mi
8/10
Martha Baldwin Elementary School
Public,•K-8•1.5mi
7/10
Ynez Elementary School
Public,•K-8•1.6mi
9/10
South Pasadena Middle School
Public,•6-8•1.9mi
6/10
Garvey (Richard) Intermediate School
Public,•7-8•2.3mi
8/10
Monterey Highlands Elementary School
Public,•K-8•2.4mi
5/10
El Sereno Middle School
Public,•6-8•2.7mi
6/10
Jefferson Middle School
Public,•6-8•3.4mi
7/10
Alhambra High School
Public,•9-12•0.7mi
9/10
Mark Keppel High School
Public,•9-12•1.4mi
8/10
San Gabriel High School
Public,•9-12•1.5mi
3/10
Del Mar High School
Public,•10-12•2.1mi
9/10
South Pasadena Senior High School
Public,•9-12•2.1mi
8/10
Gabrielino High School
Public,•9-12•2.4mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•3.2mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•4.2mi
Condition Rating
Fair
The property was built in 1955, making it nearly 70 years old. While the exterior appears generally maintained with trimmed landscaping, the asphalt driveway shows significant cracking, indicating some deferred maintenance. Crucially, no interior images are provided, making it impossible to assess the condition, style, and features of the kitchen, bathrooms, flooring, or other internal systems. Given its age and status as a long-term rental triplex, it is highly probable that the interiors, including kitchens and bathrooms, are significantly dated and would require substantial cosmetic updates, if not functional repairs, to meet modern standards. The description mentions long-term tenants, implying the units are functional and livable, which prevents a 'Poor' or 'Tear-down' rating. Therefore, it falls into the 'Fair' category, suggesting it's aged but maintained, with major components likely functional but outdated, requiring minor to moderate updates.
Pros & Cons
Pros
Stable Rental Income & Occupancy: Features three units with long-term, reliable tenants who have a perfect payment history, ensuring immediate and consistent cash flow for investors.
Prime Alhambra Location: Strategically located in the heart of Alhambra, offering residents convenient access to local amenities and a desirable community environment.
Proximity to Major Employment/Education Hubs: Excellent connectivity, situated just 8.6 miles from Downtown Los Angeles and under 4 miles from Cal State Los Angeles, appealing to a broad tenant base.
Walkability to Downtown Amenities: Enjoy the convenience of being within walking distance to downtown Alhambra's vibrant array of restaurants, shops, and entertainment options.
Desirable Income Property Type: A triplex configuration provides a diversified income stream and is a highly sought-after asset class for real estate investors.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1955, the property is nearly 70 years old, suggesting potential for outdated systems and the need for future capital expenditures for maintenance or modernization.
Limited Unit Configuration: All three units are one-bedroom, which may limit the potential tenant pool compared to properties offering a mix of larger unit sizes.
Unknown Condition of Interiors/Systems: The description lacks details on recent renovations or updates to the units, implying potential for significant investment required to modernize interiors and systems to maximize rental value.