Est. cap rate

3.3%

Assumed rent, all units

$9,200/mo

Units

4

Price per unit

$412,500

Est. annual NOI

$55,200

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

Quadruplex

Bedrooms

4

Building size

3,060 sqft

Lot size

10,966 sqft

Year built

1924

Stories

1

Garage spaces

3

Heating

Forced Air

Cooling

Central Air

Pool

None

View

Mountain(s),Neighborhood

Status

Active

Days on market

0

MLS #

249058160

About this property

A standout investment opportunity in one of North Alhambra's most desirable locations! Just minutes from South Pasadena, this exceptionally maintained fourplex offers the perfect combination of location, charm, and long-term investment appeal. Situated on an expansive corner lot of nearly 11,000 square feet, the property features two separate buildings with four spacious one-bedroom, one-bathroom residences, each offering approximately 765 square feet of living space. Unlike your typical apartment-style units, each residence enjoys its own inviting front porch, separate rear entrance, and individual laundry room, creating a comfortable, private, and welcoming place to call home. Extensively renovated in 2001 and meticulously cared for over the years, this property reflects a level of pride of ownership that is immediately apparent. The grounds are equally impressive, featuring two upgraded driveways, three individual one-car garages, a separate storage room, and a generous grassy backyard area. With plenty of outdoor space, convenient parking, and a thoughtful layout, this property offers features that are increasingly hard to find in multifamily housing. Ideally positioned near the charm of South Pasadena and the shopping, dining, parks, and conveniences of Alhambra, the location only adds to its appeal. Whether you're expanding an established portfolio or looking for your next investment, this is the kind of property that checks all the right boxes. A prime location, spacious units, exceptional upkeep, and a property that truly stands apart from the rest!

Location

2306 W Alhambra Road

Alhambra, Los Angeles, CA, 91801