2306 W Alhambra Rd, Alhambra, CA, 91801
About This Home
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1924
Materials
- Foundation: Tie Down
- Roof: Flat,Spanish Tile
- Construction materials: Drywall,Stucco,Copper Plumbing
Type & Style
- Home type: MultiFamily
- Architectural style: Spanish
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Gas Range
- Laundry features: Washer Hookup,Gas Dryer Hookup,Inside
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Tile Counters,All Bedrooms Down,Bedroom on Main Level
- Flooring: Carpet,Laminate,Tile,Wood
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 3,060
- Total interior livable area: 3,060 sqft
Property
Details
- Parcel number: 5339014007
- Attached to another structure: Yes
- Zoning: ALRPD*
- Special condition: Standard
- Exclusions: Washers,Dryers & Refrigerators belong to tenants.
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: Stucco Wall
- Has view: Yes
- View description: Mountain(s),Neighborhood
Lot
- Lot size: 0.25 Acres
- Features: Back Yard,Corner Lot,Front Yard,Lawn,Rectangular Lot,Sprinkler System,Street Level
Parking
- Total spaces: 9
- Parking features: Assigned,Concrete,Driveway,Garage,On Site
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,051 | $108,612 |
| Home Insurance * | $196 | $2,352 |
| Property Taxes | $2,116 | $25,392 |
| Electricity | $656 | $7,874 |
| Total | $12,019 | $144,228 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-02 | Price change | $1,790,000 |
| 2026-04-06 | Listed for sale | $1,850,000 |
| 2023-06-04 | Listing removed | -- |
| 2023-05-30 | Price change | $1,950 |
| 2023-04-24 | Listed for rent | $2,150 |
| 2001-07-18 | Sold | $338,000 |
View on Zillow