Rare offering of two side-by-side lots with a combined 22,978 sq ft, featuring 8 units totaling 6,415 sq ft of living area. The properties are located in a prime location within the Residential High Density (RH) zone in the City of Alhambra, allowing for 43 units per acre, a maximum building height of 45 feet, and a maximum of 5 stories. There is also the possibility for ADUs and Junior ADUs (Buyer to Verify). Currently set up with a mix of units including a studio, 1-bed/1-bath duplexes, and two detached SFR homes—one is a 3-bed with a basement and fenced yard. All units have laundry hookups inside, except for the studio and the upstairs unit, which has a laundry room downstairs. On-site parking includes 5 single-car garages (standalone building with nothing above), a two-car garage (with a studio attached and a unit above), a carport, and a parking space off the alley. There is also an attached owner's unit/shed with a bathroom and separate access. Additionally, plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino, and San Gabriel, with easy freeway access, public transportation, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown LA, Santa Anita, The Rose Bowl, retail shops, parks, Cal State LA, USC, UCLA, and more. Private property—do not enter without written permission.
The income description goes here to explain
List Price | $3,600,000 |
Property Type | Single Family Homes |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 7 spots |
Year Built | 1947 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 5356016044 |
MLS # | OC24025079 |
Property ID | 292912138 |
Lot Sqft | 22,847 |
Zoning | ALRPD* |
Total Units | 8 |
Days on Market | 384 |
Original List Price | $3,750,000 |
Date Updated | February 05, 2025 |
Date Created | February 03, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $14,788 | $0 |
Net Income (Yr) | $ 128,460 |
Andrew Homs an agent of . Lic #01893992
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT