2306 W Alhambra RD, Alhambra, CA 91801
2306 W Alhambra RD, Alhambra, CA 91801
2306 W Alhambra RD, Alhambra, CA 91801
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,790,000
Est. payment /mo
0.25 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26069090

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1924

Lot Size 0.252 Acres

Property Sub-Type Quadruplex

Property Description

Positioned in a strong rental pocket of North Alhambra, adjacent to South Pasadena, this 4-unit property offers stable in-place income with a clear path to long-term upside.
With 4 spacious 1-bedroom, 1-bath Units across two separate buildings, this property blends 1924 Spanish character with a comprehensive renovation completed in 2001. Each unit includes in-unit laundry, & the property offers 3 private garages plus additional driveway parking, amenities that support strong tenant demand & rental growth.
Fully occupied with responsible, stable tenants, the property generates consistent income from day one. All units are fully occupied with month-to-month tenants, providing immediate income & flexibility for a new owner to adjust rents and optimize cash flow.
This is an ideal opportunity for a long-term hold investor seeking a well-maintained asset with immediate and achievable income growth. The property has been consistently maintained, minimizing near-term capital expenditures while preserving future value-add potential.
Located just minutes from South Pasadena, Alhambra Park, and a convenient Downtown Los Angeles commute, the property benefits from a highly desirable San Gabriel Valley location known for its strong and consistent rental demand.
Investment Highlights:
~Current Gross Income: $7,300/month ($87,600/year).
~Pro Forma Potential: $9,000+/month ($108,000+/year).
~23% rental upside.
~Units with rent increase potential.
~Month-to-month tenants (operational flexibility).
~In-unit laundry in all units.
~3 garages + additional driveway parking.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning ALRPD*

Rooms

Other Rooms Second Garage, Shed(s), Storage, Two On A Lot

Interior

Interior Features Tile Counters, All Bedrooms Down, Bedroom on Main Level

Heating Forced Air

Cooling Central Air

Flooring Carpet, Laminate, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Assigned, Concrete, Driveway, Garage, On Site

Garage Spaces 3.0

Garage Description 3.0

Fence Stucco Wall

Pool None

Community Features Foothills, Hiking, Park, Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s), Neighborhood

Roof Type Flat,Spanish Tile

Total Parking Spaces 9

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Street Level

Story 1

Entry Level One

Foundation Tie Down

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories One

Additional Building Second Garage, Shed(s), Storage, Two On A Lot

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5339014007

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Carol Bush Seven Gables Real Estate 626-226-6535, DRE #01995250

NEARBY SCHOOL & BUSINESS

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