Request More Info
Schedule a Showing
Share
Print
|
Positioned in a strong rental pocket of North Alhambra, adjacent to South Pasadena, this 4-unit property offers stable in-place income with a clear path to long-term upside. With 4 spacious 1-bedroom, 1-bath Units across two separate buildings, this property blends 1924 Spanish character with a comprehensive renovation completed in 2001. Each unit includes in-unit laundry, & the property offers 3 private garages plus additional driveway parking, amenities that support strong tenant demand & rental growth. Fully occupied with responsible, stable tenants, the property generates consistent income from day one. All units are fully occupied with month-to-month tenants, providing immediate income & flexibility for a new owner to adjust rents and optimize cash flow. This is an ideal opportunity for a long-term hold investor seeking a well-maintained asset with immediate and achievable income growth. The property has been consistently maintained, minimizing near-term capital expenditures while preserving future value-add potential. Located just minutes from South Pasadena, Alhambra Park, and a convenient Downtown Los Angeles commute, the property benefits from a highly desirable San Gabriel Valley location known for its strong and consistent rental demand. Investment Highlights: ~Current Gross Income: $7,300/month ($87,600/year). ~Pro Forma Potential: $9,000+/month ($108,000+/year). ~23% rental upside. ~Units with rent increase potential. ~Month-to-month tenants (operational flexibility). ~In-unit laundry in all units. ~3 garages + additional driveway parking.
Property Type(s):
Residential Income
| Last Updated | 5/2/2026 | Year Built | 1924 |
|---|---|---|---|
| Community | 601 - Alhambra | Garage Spaces | 3.0 |
| County | Los Angeles |
Price History
| Prior to May 2, '26 | $1,850,000 |
|---|---|
| May 2, '26 - Today | $1,790,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range |
| AREA | 601 - Alhambra |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Forced Air |
| INTERIOR | Tile Counters |
| LOT | 0.2517 acre(s) |
| LOT DESCRIPTION | Back Yard, Corner Lot, Front Yard, Rectangular Lot |
| LOT DIMENSIONS | 10966 |
| PARKING | Assigned, Concrete, Driveway, Garage, On Site |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Spanish |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Neighborhood |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Seven Gables Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email