Back to Search
201 S Meridian Ave
For Sale $1,050,000 ($510.45 per Sq Ft)
$1,050,000 ($510.45 per Sq Ft)
- 4 Bedrooms
- 2.00 Bathrooms
- 2,057 Sq Ft
- 6,224 Sq Ft
Description
201-203 S. Meridian Ave offers a rare opportunity to acquire a well-maintained duplex in the heart of Alhambra, available for the first time in over 30 years. This pride-of-ownership property has been carefully preserved, making it an excellent option for investors seeking stable income with future upside.The asset features two spacious 2-bedroom, 1-bathroom units, each approximately 1,000square feet. Both units offer functional layouts with comfortable living areas and ample natural light. They are separately metered for gas and electricity, allowing for efficient expense management and reduced landlord overhead. Situated on a 6,222 square foot lot with R-2 zoning, the property includes garage parking, adding convenience and tenant appeal. The zoning may also present potential for future development or expansion (buyer to verify).Centrally located, the property is just minutes from major retail destinations like Costco andTarget, as well as the dining and shopping options in Downtown Alhambra. The location supports strong rental demand due to its accessibility and neighborhood amenities.With current rents below market levels, there is clear upside potential for increased income over time. This makes 201-203 S. Meridian Ave a solid investment opportunity combining reliable tenancy, a desirable location, and room for growth.
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,050,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 2,057 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1939 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5292009006 |
| MLS # | 26835521 |
| Property ID | 292940221 |
| Lot Sqft | 6,224 |
| Zoning | ALRPD* |
| Total Units | 2 |
| Days on Market | 13 |
| Original List Price | $1,050,000 |
| Date Updated | May 26, 2026 |
| Date Created | May 18, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,047 | $5,700 |
| Gross Income (Yr) | $ 49,140 |
| Operating Expenses | $ 20,764 |
| Net Income (Yr) | $ 20,764 |
Listing Provided By
Nicholas Hayner an agent of . Lic #02090908
© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of May 26, 2026 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Robert Crawford
REAL ESTATE AGENT