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

308 S Almansor Street, Alhambra, California 91801 home-pic-0
ACTIVE$1,588,000
308 S Almansor Street, Alhambra, California 91801
4Beds
4Baths
2,430Sqft
7,503Lot
Year Built
1923
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$653
HOA
-
Days on market
-
Sold On
-
MLS number
PW25241422
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 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 detached 2 car garage was converted to an ADU with permits. The seller and the agent do not give warrant on the the condition or the specifics of the property. The LA is part owner of the property. 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

Price History

Date
Event
Price
10/17/25
Listing
$1,588,000
Condition Rating
Poor
While the property features recently remodeled kitchens and bathrooms (2023) with modern finishes and appliances, and a newly permitted ADU, the critical issue of extensive unpermitted work on the other units significantly impacts its condition. The property, originally built in 1923, carries inherent risks due to its age, and the unpermitted renovations introduce substantial legal, safety, and financial liabilities. Rectifying these unpermitted upgrades to meet code and obtain proper permits could require significant repairs and rehabilitation, despite the cosmetic improvements. The seller's explicit disclaimer of warranty further underscores the potential for undisclosed issues, leading to a 'Poor' condition assessment.
Pros & Cons

Pros

Strong Income Potential: This is a 4-unit rental property, including a newly permitted ADU, offering substantial and diversified rental income streams for an investor.
Prime Location: Centrally located in desirable North Alhambra with excellent proximity to Pasadena, enhancing tenant demand and property value due to access to amenities and employment.
Recent Unit Upgrades: Multiple units feature recent remodels (2023 kitchen, new flooring) and a newly completed ADU, reducing immediate capital expenditure for a new owner.
Tenant-Friendly Features: Individual laundry hook-ups (for most units) and separate electric/gas meters provide convenience for tenants and efficient utility management.
Good School Access: Proximity to highly-rated schools (e.g., Alhambra High, South Pasadena Senior High) can attract families, contributing to stable tenancy.

Cons

Extensive Unpermitted Work: A significant portion of unit upgrades were completed by a licensed contractor without permits, creating substantial legal, safety, and financial risks for the buyer, including potential fines or required remediation.
"As-Is" Sale with Warranty Disclaimer: The explicit "as-is" sale and seller/agent disclaimer of warranty strongly indicate potential undisclosed issues or significant deferred maintenance, requiring extensive buyer due diligence and potentially costly future repairs.
Owner-Paid Water for All Units: The owner is responsible for the water bill for all four units, which represents a considerable ongoing operating expense and reduces the property's net income, impacting profitability.

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