2037 S 3rd Street, Alhambra, California 91803, Alhambra, 91803 - 3 bed, 2 bath

2037 S 3rd Street, Alhambra, California 91803 home-pic-0
ACTIVE$988,000
2037 S 3rd Street, Alhambra, California 91803
3Beds
2Baths
1,340Sqft
4,404Lot
Year Built
1923
Close
-
List price
$988K
Original List price
$1.05M
Price/Sqft
$737
HOA
-
Days on market
-
Sold On
-
MLS number
WS25117950
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $988.0K(54th), sqft - 1340(49th), beds - 3(50th), baths - 2(50th).

Big Price reduction, motivated seller. Location, location, location. This property locates at the heart of Alhambra and close to shops, parks, schools, and only 15 minutes to downtown Los Angeles. Property features with 3 bedrooms and 2 bathrooms, 2 good size bedrooms with one large master suite. Brand new kitchen, bathrooms, new flooring and painting inside out, with 200-amp electrical panel, new dual panel windows, new copper pipelines, new AC split units and new kitchen appliances, new garage door and updated roof since 2023 and many more upgrades at the property. ADU permit has been applied and waiting for approval from City of Alhambra. New solar panels have been installed in 2023 and monthly payment of $220. Don't miss this opportunity to check out this wonderful property. Permit from City of Alhambra for house extension from the original plan of 944 sq ft to 1368 sq ft has been attached under supplement list for your reference. Please do your due diligence to investigate of all permits and square footage of the property.

Condition Rating
Excellent

Despite being built in 1923, this property has undergone an extensive and comprehensive renovation in 2023, making it virtually new. The listing explicitly states 'Brand new kitchen, bathrooms, new flooring and painting inside out, with 200-amp electrical panel, new dual panel windows, new copper pipelines, new AC split units and new kitchen appliances, new garage door and updated roof since 2023.' The images confirm modern, high-quality finishes in the kitchen (shaker cabinets, quartz countertops, new appliances, contemporary lighting) and bathrooms (modern vanities, fixtures, and tiling). All major systems and aesthetic components have been recently updated or replaced, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Location: Strategically located in the heart of Alhambra, offering convenient access to shops, parks, schools, and a short 15-minute commute to Downtown Los Angeles.
Extensive Recent Upgrades: The property boasts comprehensive renovations completed in 2023, including a brand new kitchen, bathrooms, flooring, interior/exterior paint, 200-amp electrical panel, dual-pane windows, copper pipelines, AC split units, kitchen appliances, garage door, and an updated roof.
ADU Development Potential: An Accessory Dwelling Unit (ADU) permit has been applied for and is awaiting approval, presenting a significant opportunity for future rental income or expanded living space.
Permitted Square Footage Increase: The property has undergone a permitted extension, increasing its living area from 944 sq ft to 1368 sq ft, enhancing its overall size and functionality.
Energy-Efficient Solar Panels: Equipped with new solar panels installed in 2023, contributing to reduced energy costs and environmental sustainability.

Cons

Significant Overpricing: The current list price of $988,000 appears substantially higher than the property's estimated market value and recent comparable sales in the area, potentially hindering buyer interest.
Solar Panel Lease Obligation: While beneficial, the solar panels come with a fixed monthly payment of $220, which represents an ongoing financial commitment for the new owner.
Age of Original Structure: Despite extensive renovations, the home's original construction year of 1923 suggests an older foundation and infrastructure that, even with upgrades, may present unique maintenance considerations over time.

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