201 N Atlantic Boulevard,Alhambra, CA 91801
Alhambra, CA 91801
Description
Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) - in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.
Details
| MLS # | OC26007472 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 240 |
| Listing Provided By | Regency Real Estate Brokers | Stephen Shloss |
Features
| SQ Feet | 5,100 |
|---|---|
| Car Port | Yes |
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 9 |
| Acreage | 0.37 |
Exterior
| Lot Features | Zero To One Unit Acre, Garden, Greenbelt |
|---|
Utilities
| Utilities | See Remarks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Alhambra |
| Zip Code | 91801 |
| Area | 601 Alhambra |
| Listing VS Median (in 91801) | |
Price: $2,100,000 low | high Med: $738,000 sqft: 5,100 low | high Med: 1,349 $ / sqft: $412 low | high Med: $547 On site: 240 low | high Med: 32 | |
Market Activity 91801
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Alhambra |
| Zip Code | 91801 |
| Area | 601 Alhambra |
| Listing VS Median (in 91801) | |
Price: $2,100,000 low | high Med: $738,000 sqft: 5,100 low | high Med: 1,349 $ / sqft: $412 low | high Med: $547 On site: 240 low | high Med: 32 | |
 | $2,090,000213 S Atlantic BoulevardAlhambra, CA 91801 |
$2,595,000241 S Curtis AvenueAlhambra, CA 91801 |