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For sale
  • Listed by: Seven Gables Real Estate • Carol Bush • Contact: 626-226-6535
    $1,790,000

    2306 W Alhambra Rd, Alhambra, CA 91801

    4beds
    4baths
    3,060sqft
    : 
    $11,947/mo
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    Quadruplex
    Built in 1924
    -- sqft lot
    $1,770,400 Zestimate®
    $585/sqft
    $-- HOA

    What's special

    **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
    106 days
    |
    89
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Carol Bush DRE #01995250 626-226-6535,

    Seven Gables Real Estate,

    Listing Team: The Bush Capitano Team

    Source: CRMLS,MLS#: AR26158732MLS LogoOriginating 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
      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: 7/23/2026
      • Cumulative days on market: 107 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

        $1,770,400

        $1.68M - $1.86M

        $2,067/mo

        Price history

        DateEventPrice
        7/23/2026Listed for sale$1,790,000+429.6%$585/sqft
        Source: CRMLS #AR26158732 Report a problem
        6/4/2023Listing removed--
        Source: Zillow Rentals Report a problem
        5/30/2023Price change$1,950-9.3%$1/sqft
        Source: Zillow Rentals Report a problem
        4/24/2023Listed for rent$2,150$1/sqft
        Source: Zillow Rentals Report a problem
        7/18/2001Sold$338,000$110/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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        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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        Climate risks

        Neighborhood: 91801

        Getting around

        78 / 100
        Very Walkable
        60 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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