903 N 1st, Alhambra, California 91801, Alhambra, 91801 - 0 bed, 0 bath
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Alhambra, California 91801
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $998,888—positioned well below the $1,236,810 Fair Market Value by 19%. This valuation gap provides $237,922 in Instant Equity. Featuring a Condition Rating of 4, the property offers three potential income streams across two main units and an attached studio on a 6,598 Sqft Gated Lot. Residents benefit from proximity to 9/10 Rated Schools including Marengo Elementary and South Pasadena High. This versatile asset is perfect for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 903 N 1st Subject | $1,038,800* List Price | 0 | 0 | 2,206 | $578 | - |
A 233 N Olive Avenue Sold | $1,080,000 | 5 | 3 | 2,144 | $504 | 0.5 mi |
B 233 N Olive Avenue Sold | $1,080,000 | 0 | 0 | 2,144 | $504 | 0.5 mi |
C 113 S 5th Street Sold | $1,095,000 | 0 | 0 | 1,873 | $585 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, the property shows a mix of partial updates and significant dating. While Unit 903 features a functional kitchen with newer cabinetry and stainless appliances (approx. 10-15 years old), Unit 901 and the bathrooms remain dated with older tile work and fixtures. The exterior shows signs of peeling paint and deferred maintenance on trim, and the unpermitted studio adds complexity. While move-in ready, it requires minor repairs and aesthetic updates to meet modern standards.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
With three distinct living spaces including a large main unit and a secondary residence, this property offers exceptional versatility for investors seeking multiple income streams or owner-occupants looking to offset their mortgage.
Situated in a highly desirable area near South Pasadena and San Marino, the property is within walking distance of downtown Alhambra’s vibrant dining, shopping, and community events, ensuring high tenant demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2206, other record living area = 1790.
The 409 sq. ft. studio is unpermitted, which may complicate financing options, impact appraisal valuations, and require the buyer to navigate potential city compliance issues.
The units share water and sewer meters, and the solar panels are leased rather than owned, which introduces ongoing monthly liabilities and potential complexities during the transfer of ownership.
Freshly painted exterior!! Take another look! Prime Alhambra duplex, just minutes from South Pasadena and San Marino, offers excellent income potential and versatility for investors or owner-occupants. The property includes three units: Unit 903 (1,351 sq. ft.) features a spacious living area, updated kitchen, oversized primary bedroom, and a large upstairs bonus room—ideal for a bedroom or office—with 1.5 bathrooms and in-unit laundry. Unit 901 N. 1st St. (approx. 855 sq. ft.) has an open layout, 1 bedroom, 1 bathroom, a walk-in closet (with potential for expansion), and indoor laundry. The unpermitted studio (903-1/2), attached to the garage, is 409 sq.ft.(not included in total house sq.footage) with a 3/4 bath and access to the outdoor kitchen. Enjoy three income streams or flexible living/workspace options at exceptional value in this desirable location. The 6,500+ sq.ft. gated lot features an extra-long driveway and ample parking. Both main residences have separate electric and gas meters, leased solar panels, and share water and sewer. Located in the Alhambra school district and within walking distance of downtown Alhambra—offering great food, shops, services, and community events, including a certified farmer's market—this property delivers on location, functionality, and potential. With the right finishing touches, it's a rare investment opportunity in a sought-after neighborhood. Buyer to do their due diligence on all aspects of the property. DO NOT DISTURB TENANTS. SHOWN BY APPOINTMENT ONLY.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 mi
Grades K-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,206 | 2,144 | 77% |
| Lot Size | 6,598 | 7,527 | 46% |
| Price | $1.04M | $1.20M | 23% |
| Price per sq ft | $471 | $523 | 15% |
| Built year | 1924 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 144 | 8% |
May 22, 2026
$1,038,800
$998,888
+4% Price Increase
Initial Listing
Apr 29, 2026
$998,888
Initial Listing
Dec 23, 1999
$200,000
Public Record