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2306 W Alhambra Rd
For Sale $1,790,000
$1,790,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 10,966 Sq Ft
Description
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.
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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 | $1,790,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 3 spots |
| Year Built | 1924 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5339014007 |
| MLS # | AR26069090 |
| Property ID | 322720293 |
| Lot Sqft | 10,966 |
| Zoning | ALRPD* |
| Total Units | 4 |
| Days on Market | 61 |
| Original List Price | $1,850,000 |
| Applicances | Gas Range% |
| Date Updated | May 02, 2026 |
| Date Created | April 01, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $86,400 | $0 |
| Net Income (Yr) | $ 71,545 |
Listing Provided By
Carol Bush an agent of . Lic #01995250
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 02, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT