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$ 1,850,000
Est. payment | /mo
4 Beds
4 Baths
0.25 Acres Lot
$ 1,850,000
Est. payment | /mo
4 Beds
4 Baths
0.25 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26069090
Bedrooms 4
Lot Size 0.252 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Positioned in a desirable pocket of North Alhambra, adjacent to South Pasadena, this beautifully renovated 4-unit property offers the ideal blend of stability, charm, and long-term upside. Remodeled from the studs out in 2001 and meticulously maintained, this turnkey asset delivers immediate income with minimal maintenance, an increasingly rare opportunity for todays investors. The property features two separate buildings, each offering two spacious one-bedroom, one-bath residences that combine 1924 Spanish Art Deco character with modern updates. Private garages and in-unit laundry provide added convenience for tenants and ease of management, while the architectural charm creates lasting rental appeal. Fully occupied with responsible, stable tenants, the property generates consistent income from day one. Current rents are slightly below market and have not been recently adjusted, offering a clear opportunity to optimize cash flow and long-term growth. This an excellent low-maintenance investment in a strong rental market. Located just minutes from South Pasadena, Alhambra Park, and a convenient Downtown Los Angeles commute, the property benefits from a highly desirable location known for its charm, accessibility, and enduring rental demand. A rare opportunity to acquire a renovated, character rich fourplex in a prime San Gabriel Valley location with immediate income and long-term investment potential.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction South of Huntington between Fremont and Marengo
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5339014007
Virtual Tour https://tours.previewfirst.com/ml/146487
Listed by Carol Bush, DRE#01995250 Seven Gables Real Estate
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Ben Biggs
REALTOR® | Lic# 02016327