2306 W Alhambra Road, Alhambra, California 91801, Alhambra, 91801 - bed, bath

2306 W Alhambra Road, Alhambra, California 91801 home-pic-0
ACTIVE$1,890,000
2306 W Alhambra Road, Alhambra, California 91801
0Bed
0Bath
3,060Sqft
10,966Lot
Year Built
1924
Close
-
List price
$1.89M
Original List price
$1.95M
Price/Sqft
$618
HOA
-
Days on market
-
Sold On
-
MLS number
AR25068841
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood

About this home

We found 3 Cons,6 Pros. Rank: price - $1.89M(92th), sqft - 3060(92th), beds - undefined(50th), baths - undefined(50th).

Imagine stepping into a charming corner of Northwest Alhambra, where the timeless allure of Art Deco Spanish architecture meets the convenience of modern living. This meticulously renovated Quadplex, comprising two stunning Duplexes, offers a unique blend of vintage charm and contemporary efficiency. Each of the four units is thoughtfully designed with a 1-bedroom, 1-bath layout, featuring a versatile dining room that can easily be converted into a 2nd bedroom, providing flexibility for residents. The property's comprehensive remodel in 2001 ensured that it would stand the test of time. New copper plumbing, electrical systems, and HVAC were installed to guarantee long-term reliability and efficiency. Additionally, seismic retrofitting was completed to enhance structural safety, offering peace of mind for both owners and tenants. Located in a highly desirable neighborhood adjacent to South Pasadena, this Quadplex benefits from its proximity to top-rated schools, vibrant community amenities, and a variety of dining and shopping options. With reliable tenants already in place, this property represents a rare opportunity to secure a stable income-generating asset. Whether you're looking to expand your real estate portfolio or secure a steady stream of rental income, this Quadplex is an investment opportunity not to be missed. Its blend of architectural beauty, modern upgrades, and prime location makes it a standout choice for savvy investors.

Nearby schools

9/10
Marengo Elementary School
Public,K-50.8mi
8/10
Monterey Hills Elementary School
Public,K-51.0mi
3/10
Cesar Chavez Elementary School
Public,K-61.3mi
5/10
Sierra Park Elementary School
Public,K-61.6mi
6/10
City Terrace Elementary School
Public,K-53.1mi
7/10
Emerson (Ralph Waldo) Elementary School
Public,K-63.4mi
6/10
Dewey Avenue Elementary School
Public,K-63.5mi
7/10
Park Elementary School
Public,K-80.4mi
9/10
South Pasadena Middle School
Public,6-80.7mi
6/10
Emery Park Elementary School
Public,K-80.8mi
5/10
William Northrup Elementary School
Public,K-80.8mi
7/10
Garfield Elementary School
Public,K-80.9mi
8/10
Martha Baldwin Elementary School
Public,K-81.3mi
6/10
Marguerita Elementary School
Public,K-81.7mi
5/10
Granada Elementary School
Public,K-81.7mi
4/10
Fremont Elementary School
Public,K-81.9mi
7/10
Ramona Elementary School
Public,K-81.9mi
5/10
El Sereno Middle School
Public,6-82.1mi
7/10
Ynez Elementary School
Public,K-82.8mi
8/10
Monterey Highlands Elementary School
Public,K-82.9mi
6/10
Garvey (Richard) Intermediate School
Public,7-83.6mi
6/10
Jefferson Middle School
Public,6-84.1mi
9/10
South Pasadena Senior High School
Public,9-120.8mi
7/10
Alhambra High School
Public,9-121.1mi
8/10
San Gabriel High School
Public,9-122.4mi
9/10
Mark Keppel High School
Public,9-122.7mi
3/10
Del Mar High School
Public,10-122.8mi
4/10
Woodrow Wilson Senior High School
Public,9-122.9mi
8/10
Gabrielino High School
Public,9-123.5mi
5/10
Abraham Lincoln Senior High School
Public,9-123.6mi
Condition Rating
Fair

The property, built in 1924, underwent a comprehensive remodel in 2001, which included major systems like plumbing, electrical, and HVAC. While these systems are functional, the finishes in the kitchen and bathrooms, as well as some flooring (e.g., carpet), are visibly dated, reflecting early 2000s aesthetics. The kitchen features light wood cabinets and white tile countertops, and the bathroom has a pedestal sink and gold-framed shower door, all showing signs of being outdated. The 2001 renovation falls within the '15 to 30 years ago' range for the 'Fair' category, indicating that while maintained, minor updates are now required to modernize the interior.
Pros & Cons

Pros

Great Schools: Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
Strong Income Potential: The property is a stable income-generating asset with reliable tenants already in place, offering immediate rental income for investors.
Extensive Modern Upgrades: A comprehensive remodel in 2001 included new copper plumbing, electrical systems, HVAC, and seismic retrofitting, ensuring long-term reliability and structural safety.
Prime Location: Situated in a highly desirable Northwest Alhambra neighborhood, adjacent to South Pasadena, with excellent proximity to top-rated schools, vibrant community amenities, dining, and shopping.
Architectural Appeal: The property boasts timeless Art Deco Spanish architecture, blending vintage charm with modern efficiency, enhancing its curb appeal and tenant desirability.
Flexible Unit Layouts: Each of the four 1-bedroom, 1-bath units features a versatile dining room that can easily be converted into a second bedroom, providing adaptability for residents.

Cons

Age of Major Remodel: While comprehensive, the 2001 remodel means some systems and finishes are over two decades old and may require future updates or maintenance soon to remain competitive.
Limited Unit Size: All four units are 1-bedroom, 1-bath, which might restrict the target tenant demographic and potentially limit rental income growth compared to properties with larger unit configurations.
Recent Price Reduction: The property has seen a price reduction from its original list price, which could indicate initial overpricing or a need for market adjustment, warranting a thorough market analysis.

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