Listed by Christine Ferron•DRE #02128067• NextMove Real Estate
For sale
$1,650,000
Est. $11,040/mo —
4
bd
•
4 ba
•
3,060
sq ft
2306 W Alhambra Rd, Alhambra, CA 91801
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About this home
A standout investment opportunity in one of North Alhambra's most desirable locations! Just minutes from South Pasadena, this exceptionally maintained fourplex offers the perfect combination of location, charm, and long-term investment appeal. Situated on an expansive corner lot of nearly 11,000 square feet, the property features two separate buildings with four spacious one-bedroom, one-bathroom residences, each offering approximately 765 square feet of living space. Unlike your typical apartment-style units, each residence enjoys its own inviting front porch, separate rear entrance, and individual laundry room, creating a comfortable, private, and welcoming place to call home. Extensively renovated in 2001 and meticulously cared for over the years, this property reflects a level of pride of ownership that is immediately apparent. The grounds are equally impressive, featuring two upgraded driveways, three individual one-car garages, a separate storage room, and a generous grassy backyard area. With plenty of outdoor space, convenient parking, and a thoughtful layout, this property offers features that are increasingly hard to find in multifamily housing. Ideally positioned near the charm of South Pasadena and the shopping, dining, parks, and conveniences of Alhambra, the location only adds to its appeal. Whether you're expanding an established portfolio or looking for your next investment, this is the kind of property that checks all the right boxes. A prime location, spacious units, exceptional upkeep, and a property that truly stands apart from the rest!
Bean Tract, located between Mission Street and Fair Oaks Avenue, is a residential and walkable South Pasadena neighborhood with Craftsman bungalows and a leafy, small-town street grid. The neighborhood’s character concentrates around Mission St at Fair Oaks Ave, where indie coffee counters, old-school storefronts, and sidewalk dining set a steady daytime hum. Community pillars include Jones Coffee Roasters, the historic Rialto Theatre, and the South Pasadena Farmers’ Market. Front porches, mature trees, and pocket gardens shape the block-by-block rhythm. Arroyo Seco paths and nearby parks add a nature-forward counterpoint to the commercial strip. Metro A Line service at South Pasadena Station links the area to the wider region.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Tile counters
Copper plumbing
Updated and remodeled
Bedrooms
Four one-bedroom units
All bedrooms on the main floor
Bathrooms
Four full bathrooms
Kitchen
Gas range
Laundry & utility
Individual laundry rooms
Washer hookups
Gas dryer hookups
Flooring
Tile
Carpet
Wood
Laminate
Heating & cooling
Forced-air heating
Central cooling
Exterior features
Corner lot
Front yard
Back yard
Lawn
Sprinkler system
Level with the street
Rectangular lot
Stucco wall fencing
View
Home design
One story
Front entry
Parking
Three garage spaces
Six uncovered spaces
Assigned parking
Driveway-level parking
Shared driveway
Security
Fire sprinklers
Construction
Stucco and drywall walls
Spanish tile and flat roofs
Seismic tie-down foundation
Utilities
Public sewer
District/public water
Natural gas connected
Electricity connected
HOA & community
Community features include street lighting, sidewalks, and a park
Financial info
Four units are leased
Gross scheduled income of $87,600
Gross income of $87,600
Net operating income of $79,242
Total expenses of $16,055
Operating expenses of $8,358
Other expenses of $7,697
Electricity and solar
View estimated energy costs and solar savings for this home
The RM Zone is intended to provide for a variety of housing types at densities up to 18 dwelling units per acre. Housing types in this Zone include detached single-unit dwellings, duplexes, triplexes, and other medium density housing types. Other compatible uses appropriate in a medium density residential environment are allowed. The RM Zone implements the Medium Residential Density General Plan land use designation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 97° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Alhambra, CA • 91801
Average low and high temperatures (°F)
70
48
72
51
74
54
73
54
76
58
81
61
86
65
89
66
85
66
80
58
72
52
70
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 11% for direct sun exposure in Alhambra. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2306 W Alhambra Rd
$1,655,030
$5,030 over list price of $1.65M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.3M to $3.3M.