1605 S Atlantic BLVD Active Save Request In-Person Tour Request Virtual Tour
Alhambra,CA 91803
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25026504
Year Built 1947
Lot Size 0.524 Acres
Property Sub-Type Quadruplex
Property Description
Rare 8-Unit Investment Opportunity in Prime Alhambra with Development Potential
This exceptional multifamily property consists of two side-by-side parcels totaling 22,978 square feet in the highly desirable Residential High Density (RH) zone of Alhambra. Featuring eight fully occupied units with a combined 6,415 square feet of living space, this asset offers a diverse mix of rental options, including a studio, two 1-bed/1-bath duplexes, an upstairs two-bedroom unit, and two detached single-family homes—one of which is a three-bedroom with a basement and private fenced yard. Most units are equipped with in-unit laundry, with the exception of the studio and the upstairs unit, which share a laundry room downstairs.
The property includes ample on-site parking, featuring five standalone single-car garages, a two-car garage with an attached studio and upper unit, a carport, and additional off-alley and street parking. The buildings have been well-maintained, and all units are currently rented with no outstanding balances, reflecting strong tenant retention and minimal vacancies.
Ideally situated near Pasadena, San Marino, and San Gabriel, this property offers easy access to major freeways, public transportation, top-rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown Los Angeles, Santa Anita, The Rose Bowl, USC, UCLA, Cal State LA, and an array of retail shops and parks.
With its prime RH zoning designation, this property allows for a density of 43 units per acre, a maximum building height of 45 feet, and up to five stories, presenting significant redevelopment potential (buyer to verify). There may also be opportunities to add ADUs or Junior ADUs for additional rental income. This is a rare chance to acquire a high-performing investment property with substantial upside in a prime infill location.
Private property – Do not enter without written permission.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALRPD*
Interior
Laundry Inside
Exterior
Parking Features Attached Carport,Garage,Off Street
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Storm Drain(s),Street Lights,Sidewalks
Roof Type Tile
Building
Lot Description Back Yard,Front Yard,Landscaped,Sprinkler System
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard