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Listed by Andrew J Homs • H & M Realty Group
$ 3,400,000
Est. payment /mo
Active
1605 South Atlantic Boulevard Alhambra, CA 91803
6,415 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,415 sqft
Price per Sqft $530
MLS Listing ID OC-25026504
Year Built 1947
Lot Size 0.524 Acres
Property Description
Rare 8-Unit Investment Opportunity in Prime Alhambra with Development Potential This exceptional multifamily property consists of two side-by-side parcels totaling 22,978 square feet in the highly desirable Residential High Density (RH) zone of Alhambra. Featuring eight fully occupied units with a combined 6,415 square feet of living space, this asset offers a diverse mix of rental options, including a studio, two 1-bed/1-bath duplexes, an upstairs two-bedroom unit, and two detached single-family homes--one of which is a three-bedroom with a basement and private fenced yard. Most units are equipped with in-unit laundry, with the exception of the studio and the upstairs unit, which share a laundry room downstairs. The property includes ample on-site parking, featuring five standalone single-car garages, a two-car garage with an attached studio and upper unit, a carport, and additional off-alley and street parking. The buildings have been well-maintained, and all units are currently rented with no outstanding balances, reflecting strong tenant retention and minimal vacancies. Ideally situated near Pasadena, San Marino, and San Gabriel, this property offers easy access to major freeways, public transportation, top-rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown Los Angeles, Santa Anita, The Rose Bowl, USC, UCLA, Cal State LA, and an array of retail shops and parks. With its prime RH zoning designation, this property allows for a density of 43 units per acre, a maximum building height of 45 feet, and up to five stories, presenting significant redevelopment potential (buyer to verify). There may also be opportunities to add ADUs or Junior ADUs for additional rental income. This is a rare chance to acquire a high-performing investment property with substantial upside in a prime infill location. Private property - Do not enter without written permission.
Location
State CA
County Los Angeles
Zoning ALRPD*
Interior
Laundry Inside
Exterior
Parking Features Garage, Off Street, Attached Carport
Garage Spaces 7.0
Pool None
Community Features Sidewalks, Storm Drains, Street Lights
Building
Lot Description Front Yard, Landscaped, Lot 20000-39999 Sqft, Sprinkler System, Back Yard
Sewer Public Sewer