2 months on rocket

2306 W Alhambra Rd, Alhambra, CA, 91801

$1,990,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2306 W Alhambra Rd, Alhambra$1,990,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
ParkingAssigned, Concrete, Driveway, Garage, On Site
Garage3 spaces
Year Built1924
HeatingForced Air
CoolingCentral Air
FireplaceNone
ViewMountain(s), Neighborhood
MLS #AR24197902
Lot Size0.25 Acres
StatusActive

About 2306 W Alhambra Rd

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 the rental income, in addition to organic growth from market appreciation. Prime Location, situated on a corner lot in Northwest Alhambra, offering easy access to local amenities, schools, and South Pasadena's vibrant dining and shopping scene. This property offers a unique opportunity for investors seeking passive income and significant upside potential. With its blend of historic charm, modern updates, and prime location, it stands out in today’s competitive market. Ideal for seasoned investors and first-time buyers looking to house-hack, this low-risk, high-reward asset is poised for appreciation in one of Alhambra's most desirable neighborhoods.

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1924
  • Stories: 1

Listing Office:

  • Office Name: Seven Gables Real Estate
  • Office Phone: (626) 226-6535
  • Listing Agent: Carol Bush

Interior Features

Interior Information:

  • Flooring Type: Carpet, Wood
  • Interior: Tile Counters, All Bedrooms Down, Bedroom on Main Level
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Mountain(s), Neighborhood

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Assigned, Concrete, Driveway, Garage, On Site

Lot Features

Lot Information:

  • Lot: Corner Lot, Front Yard, Lawn, Rectangular Lot, Sprinklers
  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: South of Huntington between Fremont and Marengo

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,990,000

Tax Information:

  • Annual Amount: $7,135
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Alhambra, CA.

Med. Sold Price

$880K

Med. Price/SqFt

$618

Avg. Days On Market

33

# of Sold Homes

22

2306 W Alhambra Rd vs Alhambra

82 DAYS ON ROCKET

+49 Days

$1,990,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Alhambra, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #AR24197902

Listing Office:

  • Office Name: Seven Gables Real Estate
  • Office Phone: (626) 226-6535
  • Listing Agent: Carol Bush

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 18, 2001Home Sold
$338,000
Jun 06, 1988Home Sold
$335,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,135$502,230
2020$6,909$497,081
2019$6,802$487,336
2018$6,714$477,781
2017$6,714$468,413

History based on county public records data.

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$10K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,033

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4463661
7
/10
  • Sierra Vista Elementary

  • 4342 Alpha St

  • 0.61 miles

  • Public District Grades KG-6

school-card-donut-4463662
9
/10
  • Marengo Elementary School

  • 1400 Marengo Ave

  • 0.78 miles

  • Public District Grades KG-5

school-card-donut-4463663
8
/10
  • Monterey Hills Elementary School

  • 1624 Via Del Rey

  • 0.97 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,891. The majority of Alhambra, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesCaliforniaLos Angeles CountyAlhambra918012306 W Alhambra Rd

This home is located at 2306 W Alhambra Rd in Alhambra, CA and zip code 91801 in the The San Gabriel Valley neighborhood. This home, which was built in 1924, sits on a 0.25 acre lot. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,990,000.

While more than 12 listings in Alhambra, CA in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were sold below. Between October 2024 and November 2024, Alhambra, CA real estate market has seen increase in the number of listings by 1%. The median list price of listings available in November 2024 was $880,000, while the average time on the real estate market was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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