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$ 1,990,000
Est. payment /mo
Price Dropped by $98K
2306 W Alhambra RD Alhambra, CA 91801
0.25 Acres Lot
UPDATED:
11/21/2024 12:05 AM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR24197902
Style Spanish
Originating Board California Regional MLS
Year Built 1924
Lot Size 0.252 Acres
Property Description
FOUR UNITS: Capture the chance for a prime investment opportunity with this pair of meticulously renovated Art Deco Spanish Duplexes, promising immediate cash flow, low maintenance and long-term appreciation. These meticulously renovated units, nestled in the vibrant heart of Northwest Alhambra present an unparalleled opportunity for astute investors to acquire a high-performing, low-risk multi-unit asset, without the need for renovations. Each of the four units has been thoughtfully updated to blend historic charm with contemporary amenities, ensuring a high-quality living experience. The Comprehensive Renovation in 2001 encompassed all aspects of the property, including updated kitchens and baths, open floor plans, in-unit laundry, and modernized systems (HVAC, plumbing, electrical). The property also features seismic retrofitting for enhanced earthquake safety. Three private garages and two locking storage rooms provide additional amenities. On the exterior, fresh paint, completely redone concrete surfaces, including driveways and walkways, enhance curb appeal and reduce future maintenance costs. Stable Tenant Base: All units are fully occupied by long-term, reliable tenants on month-to-month leases, with low market rents, offering flexibility for rent increases to optimize th
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Heating Forced Air
Cooling Central AC
Laundry Other
Exterior
Parking Features Assigned Spaces, Garage, Common Parking Area, Other
Garage Spaces 3.0
Pool 31, None
View Hills, Local/Neighborhood
Roof Type Flat / Low Pitch,Tile
Building
Lot Description Grade - Level
Story One Story
Foundation Other
Water District - Public
Architectural Style Spanish
Others
Tax ID 5339014007
Special Listing Condition Not Applicable
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Listed by Carol Bush • Seven Gables Real Estate