Est. cap rate

2.8%

Assumed rent, all units

$4,600/mo

Units

2

Price per unit

$490,444

Est. annual NOI

$27,600

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

3

Bathrooms

4

Building size

1,790 sqft

Lot size

6,598 sqft

Year built

1924

Stories

2

Garage spaces

1

Heating

See Remarks

Cooling

See Remarks

Pool

None

View

None

Status

Active

Days on market

86

MLS #

242861334

About this property

Freshly painted exterior! Take another look! Prime Alhambra duplex, just minutes from South Pasadena and San Marino, offers excellent income potential and versatility for investors or owner-occupants. The property includes three units: Unit 903 features a spacious living area, updated kitchen, oversized primary bedroom, and a large upstairs bonus room—ideal for a bedroom or office—(square footage not included in total listed) with 1.5 bathrooms and in-unit laundry. Unit 901 N. 1st St. (approx. 855 sq. ft.) has an open layout, 1 bedroom, 1 bathroom, a walk-in closet (with potential for expansion), and indoor laundry. The unpermitted studio (903-1/2), attached to the garage, is 409 sq. ft. with a 3/4 bath and access to the outdoor kitchen. Enjoy three income streams or flexible living/workspace options at exceptional value in this desirable location. The 6,500+ sq. ft. gated lot features an extra-long driveway and ample parking. Both main residences have separate electric and gas meters, leased solar panels, and share water and sewer. Located in the Alhambra school district and within walking distance of downtown Alhambra—offering great food, shops, services, and community events, including a certified farmer's market—this property delivers on location, functionality, and potential. With the right finishing touches, it's a rare investment opportunity in a sought-after neighborhood. Buyer to do their due diligence on all aspects of the property. DO NOT DISTURB TENANTS. SHOWN BY APPOINTMENT ONLY.

Location

903 N 1st

Alhambra, Los Angeles, CA, 91801