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.
For sale
Listing Provided by: Seven Gables Real Estate
Price cut: $60K (5/2)
$1,790,000
2306 W Alhambra Rd, Alhambra, CA 91801
4beds
4baths
3,060sqft
Est.:
Quadruplex
Built in 1924
-- sqft lot
$1,765,300 Zestimate®
$585/sqft
$-- HOA
What's special
Additional driveway parking
- 45 days |
- 651 |
- 18 |
Zillow last checked:
Listing updated:
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: $585/sqft
- Tax assessed value: $543,626
- Annual tax amount: $7,697
- Date on market: 4/6/2026
- Cumulative days on market: 45 days
- 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
$1,765,300
$1.68M - $1.85M
$2,072/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Price change | $1,790,000-3.2%$585/sqft |
Source:  CRMLS #AR26069090 Report a problem | ||
| 4/6/2026 | Listed for sale | $1,850,000+447.3%$605/sqft |
Source: CRMLS #AR26069090 Report a problem | ||
| 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
| 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 | -- | $263,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.
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.
See how much you could borrow to make a competitive offer.
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
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- Los Angeles County
- Alhambra
- 91801
- 2306 W Alhambra Rd
Nearby cities
Nearby zip codes
Other Alhambra Topics
