414 N 3rd Street, Alhambra, California 91801, Alhambra, 91801 - 3 bed, 2 bath
ACTIVE$1,250,000
414 N 3rd Street, Alhambra, California 91801
3Beds
2Baths
1,476Sqft
8,577Lot
Year Built
1926
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$847
HOA
-
Days on market
-
Sold On
-
MLS number
TR25059980
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,7 Pros. Rank: price - $1.25M(77th), sqft - 1476(49th), beds - 3(50th), baths - 2(50th).
Prime location with outstanding lot size. This is a rare find in the wonderful neighborhood of North Alhambra. Lovely home near to Alhambra business district, restaurants, movie theatres, shopping centers, public transportation and school. Formal living room with fireplace, formal dining room and large kitchen. Three large bedrooms, two full bath rooms, and a office area with two detached garage and large back yard. Property is under R-3 Zoning. Property to be sold in as-is condition.
Nearby schools
9/10
Marengo Elementary School
Public,•K-5•1.1mi
8/10
Monterey Hills Elementary School
Public,•K-5•1.9mi
3/10
Cesar Chavez Elementary School
Public,•K-6•2.1mi
5/10
Sierra Park Elementary School
Public,•K-6•2.4mi
6/10
Dewey Avenue Elementary School
Public,•K-6•2.7mi
7/10
Emerson (Ralph Waldo) Elementary School
Public,•K-6•2.7mi
6/10
City Terrace Elementary School
Public,•K-5•3.6mi
5/10
William Northrup Elementary School
Public,•K-8•0.1mi
7/10
Garfield Elementary School
Public,•K-8•0.2mi
7/10
Park Elementary School
Public,•K-8•0.6mi
8/10
Martha Baldwin Elementary School
Public,•K-8•0.6mi
5/10
Granada Elementary School
Public,•K-8•0.8mi
9/10
South Pasadena Middle School
Public,•6-8•1.2mi
6/10
Emery Park Elementary School
Public,•K-8•1.4mi
7/10
Ramona Elementary School
Public,•K-8•1.6mi
6/10
Marguerita Elementary School
Public,•K-8•1.6mi
4/10
Fremont Elementary School
Public,•K-8•2.1mi
7/10
Ynez Elementary School
Public,•K-8•2.5mi
5/10
El Sereno Middle School
Public,•6-8•2.9mi
6/10
Garvey (Richard) Intermediate School
Public,•7-8•3.0mi
6/10
Jefferson Middle School
Public,•6-8•3.2mi
8/10
Monterey Highlands Elementary School
Public,•K-8•3.2mi
7/10
Alhambra High School
Public,•9-12•0.3mi
9/10
South Pasadena Senior High School
Public,•9-12•1.4mi
8/10
San Gabriel High School
Public,•9-12•1.5mi
3/10
Del Mar High School
Public,•10-12•1.9mi
9/10
Mark Keppel High School
Public,•9-12•2.2mi
8/10
Gabrielino High School
Public,•9-12•2.6mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•3.6mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•4.4mi
Condition Rating
Poor
Built in 1926 and explicitly sold 'as-is,' this property shows significant signs of age and deferred maintenance. The interior images reveal dated finishes, patched walls, and a general need for cosmetic and likely systemic updates. Crucially, no images of the kitchen or bathrooms are provided, which, combined with the age and 'as-is' status, strongly suggests these areas are original or very outdated and would require substantial renovation. Major systems (electrical, plumbing, HVAC) are also likely original or very old, necessitating significant investment to meet modern standards and ensure safety and comfort. This aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8577, living area = 1476.
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).
Prime Location & Accessibility: Located in the desirable North Alhambra neighborhood, offering convenient access to the business district, restaurants, movie theaters, shopping centers, public transportation, and schools.
Development Potential (R-3 Zoning): The property is zoned R-3, which, combined with its outstanding lot size, presents significant potential for multi-unit development or substantial expansion.
Generous Lot Size: An outstanding 8,577 sqft lot provides ample outdoor space and valuable development opportunities, a rare find in this area.
Functional Interior Layout: The home features a formal living room with a fireplace, a formal dining room, a large kitchen, three large bedrooms, two full bathrooms, and a dedicated office area, catering to diverse living needs.
Proximity to Highly-Rated Schools: Beneficial for families, the property is close to several well-rated schools, including Garfield Elementary (7/10) and Alhambra High School (7/10).
Cons
As-Is Sale Condition: The property is being sold in 'as-is' condition, which typically means the seller will not make repairs and buyers should anticipate potential costs for necessary renovations or updates.
Significant Overpricing: The listing price of $1,250,000 is considerably higher than the estimated market value of approximately $913,692, indicating it may be overpriced and could face challenges in attracting buyers at this price point.
Age and Potential for Deferred Maintenance: Built in 1926, the home's age, especially when sold 'as-is,' suggests a high likelihood of requiring updates to major systems (e.g., plumbing, electrical, HVAC) and general modernization to meet current standards.