713 713 S 8th, Alhambra, California 91801, Alhambra, 91801 - bed, bath
ACTIVE$1,200,000
713 713 S 8th, Alhambra, California 91801
0Bed
0Bath
1,856Sqft
8,088Lot
Year Built
1955
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$647
HOA
-
Days on market
-
Sold On
-
MLS number
OC25235265
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(67th), sqft - 1856(50th), beds - undefined(50th), baths - undefined(50th).
Three one-bedroom units, each occupied by long-term tenants who have never been late on payments. Conveniently situated in the heart of Alhambra, this property is just 8.6 miles from Downtown Los Angeles and under 4 miles from Cal State Los Angeles. Within walking distance to the vibrant and bustling downtown Alhambra, offering a variety of restaurants, shops, and entertainment.
Price History
Date
Event
Price
10/08/25
Listing
$1,200,000
Condition Rating
Poor
Built in 1955, this property is 69 years old with no mention of any significant renovations. The exterior images reveal signs of age and deferred maintenance, particularly the heavily cracked asphalt driveway/parking area. Given the age and lack of renovation details, it's highly probable that the kitchens, bathrooms, electrical, plumbing, and HVAC systems are original or very outdated, requiring substantial repairs and rehabilitation to meet current standards. While occupied by tenants, indicating livability, the property likely requires extensive system replacements and cosmetic overhauls.
Pros & Cons
Pros
Stable Income Stream: The property features three occupied units with long-term tenants who have a perfect payment history, ensuring consistent and reliable rental income.
Prime Urban Location: Situated in the heart of Alhambra, the property offers excellent walkability to the vibrant downtown area, providing access to a variety of restaurants, shops, and entertainment.
Strategic Proximity: Its location is highly desirable, being just 8.6 miles from Downtown Los Angeles and under 4 miles from Cal State Los Angeles, appealing to a broad tenant base.
Investment-Ready Asset: Classified as 'Residential Income,' this property is ideal for investors seeking immediate cash flow and long-term appreciation in a desirable market.
Generous Lot Size: The substantial 8,088 sqft lot provides potential for outdoor amenities, tenant parking, or future expansion possibilities, subject to local zoning regulations.
Cons
Property Age & Potential for Updates: Built in 1955, the property likely has original systems and finishes, suggesting a need for significant capital expenditures for renovations and modernizations in the near future.
Unit Configuration Limitation: All three units are one-bedroom, which may limit the target tenant demographic and potentially restrict future rental income growth compared to properties offering larger unit types.
Unit Count Discrepancy: The description states 'Three one-bedroom units,' yet the `sub_type` is listed as 'Duplex.' This discrepancy requires immediate clarification for accurate valuation, financing, and legal status.