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$3,600,000   Price Analysis
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1609 S Atlantic Blvd
Alhambra, CA 91803
11 bed 8 bath 6,415 SqFt ($561/SqFt)
0.52 acre lot. Built 1947
Listed 2024-02-04, Taxes $2,437
Ⓧ USDA Ineligible
due to price & location

near Alhambra

Rare offering of two side-by-side lots with a combined 22

978 sq ft, featuring 8 units totaling 6, 415 sq ft of living area. The properties are located in a prime location within the Residential High Density (RH) zone in the City of Alhambra, allowing for 43 units per acre, a maximum building height of 45 feet and a maximum of 5 stories. There is also the possibility for ADUs and Junior ADUs (Buyer to Verify). Currently set up with a mix of units including a studio, 1-bed/1-bath duplexes and two detached SFR homesone is a 3-bed with a basement and fenced yard. All units have laundry hookups inside, except for the studio and the upstairs unit, which has a laundry room downstairs.

On-site parking includes 5 single-car garages (standalone building with nothing above), a two-car garage (with a studio attached and a unit above), a carport and a parking space off the alley. There is also an attached owner's unit/shed with a bathroom and separate access. Additionally, plenty of street parking is lcated nearby. Buildings range in age, being built between 1947-1954. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino and San Gabriel, with easy freeway access, public transportation, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown LA, Santa Anita, The Rose Bowl, retail shops, parks, Cal State LA, USC, UCLA and more. Private propertydo not enter without written permission.


Presented by Andy Homs at
H & M Realty Group.
Listing Agent Photo

Property MLS #OC24025079 from CRMLS

Bedrooms: 11

Laundry Features: Inside

Full Bathrooms: 8

Additional Parcels Description: 5356016043
Additional Parcels: Yes
Lot Description: Back Yard, Front Yard, Landscaped, Lot 20000-39999 Sqft, Sprinkler System, Yard
Lot Size Acres: 0.5245
Lot Size Source: Assessor
Lot Size Square Feet: 22847

Carport Spaces: 1
Garage Spaces: 7
Parking Features: Parking YN: Yes, Parking Features: Carport, Garage, On Site
Parking Total: 9

Number of Units: 8
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 3
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Unit-1 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 2
Unit-6 Garage Spaces: 1
Unit-8 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 2200.00

Number of Units Leased: 8

Community Features: Sidewalks, Storm Drains

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2967.00
Area: 601 - Alhambra
Source Neighborhood: 601 - Alhambra
New Taxes Expense: 37500.00
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 2
Parcel Number: 5356016044
Postal Code Plus 4: 3114
Trash Expense: 2474.00
Zoning: ALRPD
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$34,620 + $77,830
$112,450
$2,437
2021$33,942 + $76,304
$110,246
$2,399
2020$33,594 + $75,522
$109,116
$2,388
2019$32,936 + $74,042
$106,978
$2,342
2018$32,291 + $72,591
$104,882
$2,204
2017$31,658 + $71,168
$102,826
$2,181
2016$31,038 + $69,773
$100,811
$2,043
2015$30,572 + $68,725
$99,297
$2,019
2014$29,974 + $67,379
$97,353
$2,023
2013$29,839 + $67,075
$96,914
$2,018
2012$29,254 + $65,760
$95,014
$1,997
2010$28,681 + $64,471
$93,152
$9,827
2009$28,535 + $64,143
$92,678
$1,885
2009$249,407 + $548,696
$798,103
$1,885
2008$27,976 + $62,886
$90,862
$1,835
2007$27,428 + $61,653
$89,081
$1,785

Price Changed 2024-03-04
$3,600,000
CRMLS
Listed 2024-02-04
$3,750,000
CRMLS
Listing removed 2023-06-02
$2,975
CRMLS
Listing removed 2023-05-02
$0
Avail
Listed for rent 2023-04-13
$3,000
Avail
Listing removed 2023-04-12
$0
Avail
Listed for rent 2023-03-23
$3,000
Avail
Listing removed 2022-04-12
$0
CRMLS
Listed 2021-11-14
$3,695,000
CRMLS

Net Operating Income: 128460.00

Total Square Feet Living: 6415
Year Built: 1947
Building Features: 6
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Front
Property Age: 77
Property Attached: Yes
Building Total Stories: 2
Structure Type: Single Family Residence
Year Built Source: Assessor

Electric Expense: 760.29
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2785.00
Water Source: Public

Marguerita Elementary School is a public elementary and middle school located approximately 0.2 miles away.
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Alhambra High School is a public high school located approximately 1.3 miles away.
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Ramona Convent Secondary School is a private high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.