Located in high-demand North Alhambra, this exceptional fully updated 5-unit multifamily + bonus studio with laundry room is currently generating $24,000/month in Airbnb income with $204,000/year net income after expenses—offering a solid 6.85% CAP rate. Two 3+2ba, One 2+Den + 1Ba, Two 1+1, One Bonus Studio w/ Bathroom (non-conforming; storage or staff use). Gated entry with 9 On-Site Parking Spaces (7 covered carports and 2 oversize uncovered spaces). No existing lease contracts – new owner can set market rents. L.A. City Rent control exempt making it a secure investment in an evolving market. Sold fully furnished with stylish, updated interiors. Airbnb listings included – turnkey transition for investor. Positive cash flow from Day 1. A rare find just minutes from South Pasadena, San Marino, and Downtown LA, the property is conveniently walking distance to Main Street & easy transportation, IMAX Theater, 99 Ranch Market, Sprouts Farmers Market, and sits across from Story Park, tennis courts, and Alhambra High School. Positioned for strong income growth with 2026 FIFA World Cup and 2028 Olympics. Great for User & Investor.
|
DAYS ON MARKET
|
33
|
LAST UPDATED
|
4/12/2025
|
|
YEAR BUILT
|
1970
|
COMMUNITY
|
Alhambra
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
Alhambra |
| HOA DUES |
0 |
| LOT |
7943 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| ZONING |
ALRPD* |
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Listed with HORIZON REAL ESTATE SERVICES
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. as of 5/14/25 4:35 PM PDT 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
This IDX solution is (c) Diverse Solutions 2025.
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