**The best investment properties don't just generate income—they inspire confidence. This North Alhambra fourplex offers both.**
From the day you close, you'll own a well-maintained four-unit property in one of the San Gabriel Valley's most desirable rental markets, providing dependable income from the start. Ideally situated in North Alhambra, adjacent to South Pasadena, this classic 1924 Spanish property blends timeless 1924 Spanish character with the confidence of a comprehensive renovation completed in 2001.
Perhaps this property's greatest asset isn't just its location—it's the people who call it home. Long-term residents have taken exceptional pride in their homes, creating a level of care and cleanliness that is rarely found in rental properties.
For an investor, that means acquiring an asset that has been exceptionally well maintained by both ownership and residents—a quality that often translates into lower maintenance demands, responsible tenancy, and greater peace of mind.
The property features four spacious one-bedroom, one-bath units across two separate buildings. Every unit includes in-unit laundry, and the property offers three private garages plus additional driveway parking—highly desirable amenities that continue to attract quality tenants.
With all units occupied on month-to-month leases, the property provides dependable income from day one while offering flexibility as market conditions and ownership goals evolve. Whether you're completing a 1031 exchange, expanding your portfolio, or acquiring your first multifamily investment, this is a rare opportunity to own a clean, well-cared-for asset in one of the San Gabriel Valley's most sought-after rental markets.
**Investment Highlights**
* Four spacious 1-bedroom, 1-bath units
* Current Gross Income: $7,300/month ($87,600/year)
* Long-term, month-to-month tenants
* Exceptional pride of occupancy throughout
* In-unit laundry in every unit
* Three private garages plus additional driveway parking
* Two separate buildings
* Comprehensive renovation completed in 2001
* Prime North Alhambra location adjacent to South Pasadena
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Zillow last checked:
Listing updated:
Listed by:
Carol BushDRE #01995250626-226-6535,
Seven Gables Real Estate,
Listing Team: The Bush Capitano Team
Source: CRMLS,MLS#: AR26158732Originating MLS: California Regional MLS
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
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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