2306 W Alhambra Rd Alhambra, CA 91801
Dolgeville NeighborhoodEstimated payment $10,180/month
Highlights
- Second Garage
- Mountain View
- Spanish Architecture
- Park Elementary School Rated A-
- Wood Flooring
- Corner Lot
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.
Listing Agent
Seven Gables Real Estate Brokerage Phone: 626-226-6535 License #01995250 Listed on: 04/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924 | Remodeled
Lot Details
- 10,966 Sq Ft Lot
- 1 Common Wall
- Fenced
- Stucco Fence
- Corner Lot
- Rectangular Lot
- Level Lot
- Sprinkler System
- Lawn
- Back and Front Yard
Parking
- 3 Car Garage
- 6 Open Parking Spaces
- Second Garage
- Parking Available
- Driveway
- Assigned Parking
Property Views
- Mountain
- Neighborhood
Home Design
- Spanish Architecture
- Quadruplex
- Entry on the 1st floor
- Flat Roof Shape
- Fire Rated Drywall
- Spanish Tile Roof
- Seismic Tie Down
- Copper Plumbing
- Stucco
Interior Spaces
- 3,060 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Gas Range
- Tile Countertops
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Shed
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
Additional Features
- Two Homes on a Lot
- Suburban Location
Listing and Financial Details
- Tax Lot 169
- Tax Tract Number 480804
- Assessor Parcel Number 5339014007
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 4 Units
- Foothills
Recreation
- Park
- Hiking Trails
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $2,838
- Other Expense $7,697
- Trash Expense $720
- Water Sewer Expense $3,000
- Operating Expense $16,055
- Gross Income $87,600
- Net Operating Income $71,545
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,487 | $543,626 | $339,769 | $203,857 |
| 2024 | $7,487 | $532,967 | $333,107 | $199,860 |
| 2023 | $7,535 | $522,518 | $326,576 | $195,942 |
| 2022 | $7,215 | $512,273 | $320,173 | $192,100 |
| 2021 | $7,135 | $502,230 | $313,896 | $188,334 |
| 2019 | $6,910 | $487,336 | $304,587 | $182,749 |
| 2018 | $6,802 | $477,781 | $298,615 | $179,166 |
| 2016 | $6,282 | $459,229 | $287,020 | $172,209 |
| 2015 | $6,194 | $452,332 | $282,709 | $169,623 |
| 2014 | $6,142 | $443,473 | $277,172 | $166,301 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/02/2026 05/02/26 | Price Changed | $1,790,000 | -3.2% | $585 / Sq Ft |
| 04/06/2026 04/06/26 | For Sale | $1,850,000 | -- | $605 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | Western Resources Title | |
| Grant Deed | -- | Western Resources Title | |
| Deed | -- | Augustine And Seymour | |
| Interfamily Deed Transfer | -- | Itc Sb | |
| Grant Deed | $338,000 | American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $895,000 | New Conventional | |
| Previous Owner | $570,000 | New Conventional | |
| Previous Owner | $275,000 | No Value Available | |
| Closed | $56,200 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26069090
APN: 5339-014-007
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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