$1,790,000
-$60,0002306 W Alhambra Road, Alhambra CA 91801
Multi-Family (Fourplex)
Property type
65 days
On market
$585
Price per sqft
3 cars
Garage
1924
Year built
10,966 sqft
Lot size
Home highlights
Open Houses
Overview
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,...
Listing provided by: Carol Bush DRE #01995250, Seven Gables Real Estate
Listing updated: May 2, 2026 at 06:08pm.
Last checked: Jun 5, 2026 at 04:00pm
Source: CRMLS #AR26069090
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,950 | $23,400 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,900 | $22,800 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,750 | $21,000 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $20,400 | $2,500 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Carpet: 4
Ranges: 4
Rent Control: No
Units Leased: 4
Total Actual Rent: $86,400
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
20.4x
List Price / Annual Gross Rent
Cap Rate
4.0%
NOI / List Price
Gross Scheduled Income: $87,600
Operating Expense: $16,055
Net Operating Income: $71,545
Annual Operating Expenses
Gardener: $1,800
Insurance: $2,838
Trash: $720
Water / Sewer: $3,000
Other Expense: $7,697
Interior
Interior Features: Tile Counters, All Bedrooms Down, Main Floor Bedroom
Room Type: Bedroom, Kitchen, Laundry, Living Room
Flooring: Carpet, Laminate, Tile, Wood
Cooling: Central Air
Heating: Forced Air
Appliances: Gas Range
Fireplace: None
Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Entry Location: Front
Exterior
Architectural Style: Spanish
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Flat, Spanish Tile
Foundation: Tie Down
Construction Materials: Drywall, Stucco, Copper Plumbing
Property Condition: Updated Remodeled
Common Walls: One Common Wall
Lot Features: Back Yard, Corner Lot, Front Yard, Lawn, Rectangular Lot, Sprinkler System, Street Level
Pool: None
Spa: None
Fencing: Stucco Wall
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Mountains, Neighborhood
Road Frontage Type: City Street
Road Surface Type: Paved
Other Structures: Second Garage, Sheds, Storage, Two On Alot
Garage and Parking
Parking: Assigned, Concrete, Driveway, Garage, On Site
Garage Spaces: 3
Uncovered Spaces: 6
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5339014007
Additional Parcels: No
Tax Lot: 169
Zoning: ALRPD*
Community
Senior Community: No
Community Features: Foothills, Hiking, Park, Street Lights, Suburban, Sidewalks
Nearby Schools
Nearby schools around the 2306 W Alhambra Road, Alhambra, CA 91801. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,432,000
Total Interest
$1,826,437
Total Payment
$3,258,437
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,066
per month
Property History for 2306 W Alhambra Road
Alhambra Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91801.
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