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1901 La Paloma Avenue, Alhambra, California 91803, Alhambra, 91803 - 4 bed, 3 bath

1901 La Paloma Avenue, Alhambra, California 91803 home-pic-0
ACTIVE$999,000
1901 La Paloma Avenue, Alhambra, California 91803
4Beds
3Baths
1,614Sqft
4,559Lot
Year Built
1950
Close
-
List price
$999K
Original List price
$1.05M
Price/Sqft
$619
HOA
-
Days on market
-
Sold On
-
MLS number
WS25022713
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $999.0K(54th), sqft - 1614(63th), beds - 4(77th), baths - 3(74th).

Big $51K price reduction! Charming 4 bedroom 3 bathroom house located at a nice and convenient location of Alhambra. Two bedroom two full bathroom downstairs, and two bedroom 1 full bathroom upstairs. This beautiful home has an open and flexible floor plan with great potential to be split into two units, each with its own entrance. A detached two-car garage also has good potential to be turned into an ADU. Great opportunity for family looking to occupied one section (downstairs or upstairs), and rent out the other section for extra income. Within walking distance to the very reputable Fremont Elementary School that serves from Kindergarten to 8th Grade. Cal State LA University, East Los Angeles College, and major shopping stores such as Costco, Target, 99Ranch Market, Albertson, Walmart, Hawaii Supermarket, ALDI, etc are all within 10 minutes drive. Hurry, come check this beautiful home out before it's gone!

Condition Rating
Fair
Built in 1950, this property is well-maintained but shows significant signs of age and outdated styles, particularly in the kitchen and bathrooms. The kitchen features dated light wood cabinets, older laminate or solid surface countertops, white appliances (refrigerator, range, dishwasher) that are not modern, and dated tile flooring and fluorescent lighting. All three bathrooms exhibit older vanities, countertops, fixtures, and tile work, suggesting renovations likely occurred 15-30 years ago. While the hardwood floors in other areas appear to be in good condition, the overall aesthetic and key functional areas like the kitchen and bathrooms require minor to moderate updates to meet current quality standards and buyer expectations. There are no indications of major structural defects, but the property is aged and its major components are functional but outdated.
Pros & Cons

Pros

Income-Generating Potential: The flexible floor plan allows for easy conversion into two separate units with individual entrances, and the detached two-car garage offers strong ADU potential, providing significant income-generating opportunities.
Prime & Convenient Location: Situated in a desirable Alhambra neighborhood, the property boasts walking distance to the reputable Fremont Elementary School and a short 10-minute drive to major universities (Cal State LA, East Los Angeles College) and extensive shopping amenities.
Recent Price Adjustment: A substantial $51,000 price reduction signals increased seller motivation and presents a more attractive entry point for potential buyers.
Ample Living Space: With 4 bedrooms and 3 bathrooms, including a flexible two-bedroom, two-bathroom downstairs layout, the home offers generous space suitable for larger families or multi-generational living arrangements.
Strong Educational Access: The property is within walking distance of the highly-rated Fremont Elementary School (K-8), making it particularly appealing for families with school-aged children.

Cons

Significant Valuation Discrepancy: The current listing price of $999,000 is considerably higher than the estimated property value of approximately $598,000, suggesting a potential overvaluation or a need for substantial investment to justify the asking price.
Older Construction & Potential for Updates: Built in 1950, the property's age may imply a need for updates to major systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations to align with contemporary buyer expectations, which could lead to additional costs.
Absence of Desirable Views: The property does not offer any notable views, which might be a disadvantage in a competitive market where scenic outlooks can enhance property value and appeal.

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