Positioned in a desirable pocket of North Alhambra, adjacent to South Pasadena, this beautifully renovated 4-unit property offers the ideal blend of stability, charm, and long-term upside. Remodeled from the studs out in 2001 and meticulously maintained, this turnkey asset delivers immediate income with minimal maintenance, an increasingly rare opportunity for today’s investors.
The property features two separate buildings, each offering two spacious one-bedroom, one-bath residences that combine 1924 Spanish Art Deco character with modern updates. Private garages and in-unit laundry provide added convenience for tenants and ease of management, while the architectural charm creates lasting rental appeal.
Fully occupied with responsible, stable tenants, the property generates consistent income from day one. Current rents are slightly below market and have not been recently adjusted, offering a clear opportunity to optimize cash flow and long-term growth. This an excellent low-maintenance investment in a strong rental market.
Located just minutes from South Pasadena, Alhambra Park, and a convenient Downtown Los Angeles commute, the property benefits from a highly desirable location known for its charm, accessibility, and enduring rental demand.
A rare opportunity to acquire a renovated, character rich fourplex in a prime San Gabriel Valley location with immediate income and long-term investment potential.
Coming soon 04/06
Listing Provided by: Seven Gables Real Estate
$1,850,000
2306 W Alhambra Rd, Alhambra, CA 91801
4beds
4baths
3,060sqft
Est.:
Quadruplex
Built in 1924
-- sqft lot
$1,646,500 Zestimate®
$605/sqft
$-- HOA
What's special
- 2 days |
- 239 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2026 at 07:29pm
Listing Provided by:
Carol Bush DRE #01995250 626-226-6535,
Seven Gables Real Estate,
Listing Team: The Bush Capitano Team
Source: CRMLS,MLS#: AR26069090
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Range
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Features
- Tile Counters, All Bedrooms Down, Bedroom on Main Level
- Flooring: Carpet, Laminate, Tile, Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,060
- Total interior livable area: 3,060 sqft
Video & virtual tour
Property
Parking
- Total spaces: 9
- Parking features: Assigned, Concrete, Driveway, Garage, On Site
- Garage spaces: 3
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: Stucco Wall
- Has view: Yes
- View description: Mountain(s), Neighborhood
Lot
- Size: 0.25 Acres
- Features: Back Yard, Corner Lot, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Street Level
Details
- Additional structures: Second Garage, Shed(s), Storage, Two On A Lot
- Parcel number: 5339014007
- Zoning: ALRPD*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Spanish
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Drywall, Stucco, Copper Plumbing
- Foundation: Tie Down
- Roof: Flat,Spanish Tile
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Foothills, Hiking, Park, Street Lights, Suburban, Sidewalks
Location
- Region: Alhambra
Financial & listing details
- Price per square foot: $605/sqft
- Tax assessed value: $543,626
- Annual tax amount: $7,697
- Date on market: 4/1/2026
- Listing terms: Cash to New Loan
- Exclusions: Washers, Dryers & Refrigerators belong to tenants.
- Total actual rent: 86400
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Paved
Estimated market value
$1,646,500
$1.45M - $1.88M
$1,905/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/30/2023 | Price change | $1,950-9.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/24/2023 | Listed for rent | $2,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/18/2001 | Sold | $338,000$110/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,697 +2.8% | $543,626 +2% |
| 2024 | $7,487 -0.6% | $532,967 +2% |
| 2023 | $7,535 +4.4% | $522,518 +2% |
| 2022 | $7,215 +1.1% | $512,273 +2% |
| 2021 | $7,135 +0.5% | $502,230 +1% |
| 2020 | $7,100 | $497,081 +2% |
| 2019 | $7,100 +4.4% | $487,336 +2% |
| 2018 | $6,802 | $477,781 +2% |
| 2017 | $6,802 +1.3% | $468,413 +2% |
| 2016 | $6,714 +6.9% | $459,229 +1.5% |
| 2015 | $6,282 +2.3% | $452,332 +2% |
| 2014 | $6,142 | $443,473 +5% |
| 2009 | -- | $422,159 +2% |
| 2008 | -- | $413,882 +2% |
| 2007 | -- | $405,767 +2% |
| 2005 | -- | $397,812 +4% |
| 2004 | -- | $382,366 +1.9% |
| 2003 | -- | $375,360 +2% |
| 2002 | -- | $368,000 +39.9% |
| 2000 | -- | $263,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,099/mo
Principal & interest
$9280
Property taxes
$1819
More affordability tools
Climate risks
Neighborhood: 91801
Nearby schools
GreatSchools rating
- 8/10Park Elementary SchoolGrades: K-8Distance: 0.4 mi
- 8/10Alhambra High SchoolGrades: 9-12Distance: 1.2 mi
Local experts in 91801
- California
- Los Angeles County
- Alhambra
- 91801
- 2306 W Alhambra Rd
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