308 S Almansor Street, Alhambra, California 91801 home-pic-0

308 S Almansor Street, Alhambra, California 91801 home-pic-1

308 S Almansor Street, Alhambra, California 91801 home-pic-2

ACTIVE$1,588,800

308 S Almansor Street, Alhambra, California 91801

4Beds

4Baths

2,430Sqft

7,503Lot

Year Built

1923

List price

$1.59M

Original List price

$1.59M

Price/Sqft

$654

HOA

Days on market

Sold On

MLS number

PW25026493

Home ConditionFair

Features

View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.59M(83th), sqft - 2430(83th), beds - 4(67th), baths - 4(92th).

Centrally located in north Alhambra this single level property is a great opportunity to own an upgrade 4 unit rental property very close to Pasadena. There are two One-bedroom units with one bathroom that was completely remodeled in 2023. There is a separate one Two-bedroom unit with one bathroom, and this unit has new flooring from 2023. The final ADU unit was completed this year with permits. All of the units have individual laundry hook-ups except for the ADU unit. 4 sperate electric meters, 3 gas meter, and one water meter that the owner pays. All upgrades on all units other than the ADU unit is done by the license contractor without permits. The ADU unit was converted with permits and it is available for an owner to occupy or rent out at the market rent. The LA is part owner of the property and related to the seller. It is the buyer and buyer's agent to do their due diligence. Please DO NOT disturb the tenants. Drive by only!

Nearby schools

6/10

Dewey Avenue Elementary School

Public,•K-6•1.9mi

9/10

Marengo Elementary School

Public,•K-5•1.9mi

7/10

Emerson (Ralph Waldo) Elementary School

Public,•K-6•2.1mi

8/10

Monterey Hills Elementary School

Public,•K-5•2.7mi

3/10

Cesar Chavez Elementary School

Public,•K-6•2.9mi

5/10

Sierra Park Elementary School

Public,•K-6•3.1mi

6/10

City Terrace Elementary School

Public,•K-5•4.0mi

5/10

Granada Elementary School

Public,•K-8•0.4mi

8/10

Martha Baldwin Elementary School

Public,•K-8•0.9mi

5/10

William Northrup Elementary School

Public,•K-8•0.9mi

7/10

Garfield Elementary School

Public,•K-8•0.9mi

7/10

Park Elementary School

Public,•K-8•1.4mi

7/10

Ramona Elementary School

Public,•K-8•1.4mi

6/10

Marguerita Elementary School

Public,•K-8•1.7mi

9/10

South Pasadena Middle School

Public,•6-8•2.0mi

6/10

Emery Park Elementary School

Public,•K-8•2.1mi

7/10

Ynez Elementary School

Public,•K-8•2.3mi

6/10

Jefferson Middle School

Public,•6-8•2.4mi

4/10

Fremont Elementary School

Public,•K-8•2.5mi

6/10

Garvey (Richard) Intermediate School

Public,•7-8•2.5mi

8/10

Monterey Highlands Elementary School

Public,•K-8•3.4mi

5/10

El Sereno Middle School

Public,•6-8•3.6mi

8/10

San Gabriel High School

Public,•9-12•0.6mi

7/10

Alhambra High School

Public,•9-12•0.6mi

3/10

Del Mar High School

Public,•10-12•1.1mi

9/10

Mark Keppel High School

Public,•9-12•1.7mi

8/10

Gabrielino High School

Public,•9-12•1.8mi

9/10

South Pasadena Senior High School

Public,•9-12•2.2mi

4/10

Woodrow Wilson Senior High School

Public,•9-12•4.2mi

5/10

Abraham Lincoln Senior High School

Public,•9-12•5.1mi

Condition Rating

Fair

The property was built in 1923. While some units have been remodeled recently (2023), the description mentions that some upgrades were done without permits. The images show updated flooring and what appears to be a modern kitchen in at least one unit. However, given the age of the property and the potential for unpermitted work, a 'Fair' rating is appropriate. The ADU was completed with permits, which is a positive factor.

Pros & Cons

Pros

Rental Income Potential: The property features four units, including a newly permitted ADU, offering significant rental income potential in a desirable location.

Recent Upgrades: Two units were completely remodeled in 2023, and another has new flooring, reducing immediate maintenance concerns and attracting quality tenants.

Prime Location: Centrally located in North Alhambra, the property is close to Pasadena, enhancing its appeal to renters and increasing its long-term value.

Cons

Permitting Issues: Upgrades on some units were done without permits, potentially leading to compliance issues and future expenses.

Shared Utilities: The owner pays for the water meter, which could impact profitability and require careful management of tenant water usage.

About this home

Nearby schools

Pros

Cons

Best solution for experienced home buyers!

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308 S Almansor Street, Alhambra, California 91801, Alhambra, 91801 - 4 bed, 4 bath

About this home

Nearby schools

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI