2306 W Alhambra Rd Alhambra, CA 91801
Dolgeville NeighborhoodEstimated payment $10,499/month
Highlights
- Second Garage
- Wood Flooring
- Corner Lot
- Mountain View
- Spanish Architecture
- Lawn
About This Home
**The best investment properties don't just generate income—they inspire confidence. This North Alhambra fourplex offers both.** From the day you close, you'll own a well-maintained four-unit property in one of the San Gabriel Valley's most desirable rental markets, providing dependable income from the start. Ideally situated in North Alhambra, adjacent to South Pasadena, this classic 1924 Spanish property blends timeless 1924 Spanish character with the confidence of a comprehensive renovation completed in 2001. Perhaps this property's greatest asset isn't just its location—it's the people who call it home. Long-term residents have taken exceptional pride in their homes, creating a level of care and cleanliness that is rarely found in rental properties. For an investor, that means acquiring an asset that has been exceptionally well maintained by both ownership and residents—a quality that often translates into lower maintenance demands, responsible tenancy, and greater peace of mind. The property features four spacious one-bedroom, one-bath units across two separate buildings. Every unit includes in-unit laundry, and the property offers three private garages plus additional driveway parking—highly desirable amenities that continue to attract quality tenants. With all units occupied on month-to-month leases, the property provides dependable income from day one while offering flexibility as market conditions and ownership goals evolve. Whether you're completing a 1031 exchange, expanding your portfolio, or acquiring your first multifamily investment, this is a rare opportunity to own a clean, well-cared-for asset in one of the San Gabriel Valley's most sought-after rental markets. **Investment Highlights** * Four spacious 1-bedroom, 1-bath units
* Current Gross Income: $7,300/month ($87,600/year)
* Long-term, month-to-month tenants
* Exceptional pride of occupancy throughout
* In-unit laundry in every unit
* Three private garages plus additional driveway parking
* Two separate buildings
* Comprehensive renovation completed in 2001
* Prime North Alhambra location adjacent to South Pasadena
Listing Agent
Seven Gables Real Estate Brokerage Phone: 626-226-6535 License #01995250 Listed on: 07/23/2026
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
Community Details
Overview
- 2 Buildings
- 4 Units
- Foothills
Amenities
- Laundry Facilities
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
- Trash Expense $720
- Water Sewer Expense $3,000
- Operating Expense $8,358
- Gross Income $87,600
- Net Operating Income $79,242
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,697 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/23/2026 07/23/26 | For Sale | $1,790,000 | -- | $585 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $895,000 | New Conventional | |
| Previous Owner | $570,000 | New Conventional | |
| Previous Owner | $335,000 | Unknown | |
| Previous Owner | $331,000 | Unknown | |
| Previous Owner | $97,000 | Credit Line Revolving | |
| Previous Owner | $275,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26158732
APN: 5339-014-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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