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  • 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra) : MLS®# AR26069090

    2306 W Alhambra Road Alhambra 91801
    Main Photo: 2306 W Alhambra Road in Alhambra: Residential Income for sale (601 - Alhambra) : MLS®# AR26069090

    2306 W Alhambra Road Alhambra 91801

    $1,790,000
    Residential Income
    Status:
    Active Under Contract
    MLS® Num:
    AR26069090
    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. More details
    Listed by Seven Gables Real Estate
    LISTING DETAILS
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Data was last updated July 15, 2026 at 06:40 PM (UTC)
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Based on information from California Regional Multiple Listing Service, Inc. as of July 15, 2026 at 06:40 PM (UTC) and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.