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201 N Atlantic Blvd
For Sale $2,900,000
$2,900,000
- 7 Units
- Unknown Sq Ft
- 16,000 Sq Ft
- Unknown Cap Rate
Description
Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel.
Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal.
The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify).
Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility).
Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
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 | $2,900,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 10 spots |
| Year Built | 1928 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5338022013 |
| MLS # | OC26007472 |
| Property ID | 292921946 |
| Lot Sqft | 16,000 |
| Zoning | Unknown |
| Total Units | 7 |
| Days on Market | 17 |
| Original List Price | $2,900,000 |
| Date Updated | January 13, 2026 |
| Date Created | January 11, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Stephen Shloss an agent of . Lic #01226352
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 13, 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.
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Robert Crawford
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