CA > Alhambra
Alhambra, CA 91803,1605 South Atlantic Boulevard
Alhambra, CA 91803,1605 South Atlantic Boulevard
Alhambra, CA 91803,1605 South Atlantic Boulevard
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Andrew J Homs • H & M Realty Group
$3,400,000
Est. payment /mo
6,415 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

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 Sub-Type Quadruplex

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

Area 601 - Alhambra

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

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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