$2,090,000
PENDING $798K PRICE DROP

213 S Atlantic Blvd Alhambra, CA 91801

Estimated payment $11,823/month

Total Views 6,382
12 Beds
8 Baths
5,548 Sq Ft
$377 Price per Sq Ft

Highlights

  • Fireplace in Primary Bedroom
  • No HOA
  • Laundry Room
  • William Northrup Elementary School Rated A-
  • Ductless Heating Or Cooling System
  • Closed Circuit Camera

About This Home

Investor Special! This unique 4-Plex is the perfect investment property with unique private entrances offering a mix of different bedroom/bathroom combinations for a savvy investor looking to maximize rentability. Each unit is separately metered. With the potential for all units to be delivered vacant, this property is a prime opportunity for investors seeking strong NOI, long-term appreciation, or an owner-user with room to grow. Located off Main St and Atlantic Blvd, you'll enjoy easy access to restaurants, shops, public transit, and top-rated schools. The location also boasts excellent walkability and proximity to downtown LA, Old Town Pasadena, and Cal State LA, ensuring demand from tenants year-round. This is truly a rare and valuable find for any investor looking to add an amazing property to their investment portfolio!

Listing Agent

John Chang

Moon Realty Brokerage Phone: 626-695-1228 License #01917274 Listed on: 07/07/2025

Co-Listing Agent

Kenneth So

Moon Realty Brokerage Phone: 626-695-1228 License #02052370

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,503 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 5,548 Sq Ft Home
  • 2-Story Property
  • Closed Circuit Camera

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Fireplace in Primary Bedroom
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 5 Open Parking Spaces
  • 9 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 7781
  • Assessor Parcel Number 5343024004
  • $1,539 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,800
  • Professional Management Expense $15,000
  • Trash Expense $2,976
  • Water Sewer Expense $4,389
  • New Taxes Expense $22,400
  • Operating Expense $35,565
  • Net Operating Income $93,435

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.67
  • Professional Management Expense: 15000.00
  • Property Attached: Yes
  • Security: Closed Circuit Camera(s)
  • Water Sewer Expenses: 4389.00
  • Zoning: ALRPD*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5343024004
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Primary Bedroom
  • Levels: Two
  • Price Per Square Foot: 376.71

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Ductless
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Closet, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 2976.00
  • Water Source: Public
  • Cooling: Central Air, Ductless, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 350 Square Feet
  • Average Studio Area: 600 Square Feet
  • Gross Scheduled Income: 144000.00
  • Insurance Expense: 5800.00
  • Lease Term: Negotiable
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 93435.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 50565.00
  • Rent Control: No
  • Total Expenses: 35565.00

Tax Info

  • New Taxes Expense: 22400.00
  • Tax Census Tract: 4809.01
  • Tax Lot: 4
  • Tax Tract Number: 7781
  • TaxOtherAnnualAssessmentAmount: 1539.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,083 $757,518 $381,758 $375,760
2024 $10,083 $742,666 $374,273 $368,393
2023 $10,080 $728,105 $366,935 $361,170
2022 $9,634 $713,830 $359,741 $354,089
2021 $9,513 $699,835 $352,688 $347,147
2019 $9,200 $679,979 $342,228 $337,751
2018 $9,131 $666,665 $335,518 $331,147
2016 $8,392 $639,915 $322,491 $317,424
2015 $8,272 $630,303 $317,647 $312,656
2014 $8,188 $617,957 $311,425 $306,532
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2025 12/08/25 Pending -- -- --
12/05/2025 12/05/25 Price Changed $2,090,000 +39.3% $377 / Sq Ft
12/05/2025 12/05/25 Price Changed $1,500,000 -28.2% $270 / Sq Ft
11/18/2025 11/18/25 Price Changed $2,090,000 -90.0% $377 / Sq Ft
11/18/2025 11/18/25 Price Changed $20,900,000 0.0% $3,767 / Sq Ft
11/18/2025 11/18/25 For Sale $20,900,000 +623.7% $3,767 / Sq Ft
11/14/2025 11/14/25 Off Market $2,888,000 -- --
10/29/2025 10/29/25 For Sale $2,888,000 0.0% $521 / Sq Ft
10/28/2025 10/28/25 Off Market $2,888,000 -- --
07/07/2025 07/07/25 For Sale $2,888,000 -- $521 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- Chicago Title
Quit Claim Deed -- Investors Title Company
Grant Deed $320,000 American Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $412,000 Purchase Money Mortgage
Previous Owner $288,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25146696

California Regional Multiple Listing Service (CRMLS)

APN: 5343-024-004