Four-Unit Quadplex with
New
For Sale
$1,650,000
2306 W Alhambra Road, Alhambra, CA 91801
Two separate buildings give each residence a private rear entrance and its own laundry room.
Property Size3,060 SF
Lot Size0.25 Acres
Days on Market4
Property Features for 2306 W Alhambra Road
General Information
Standard status
Active
Size
3,060 SF
Total Parking Spaces
3
Lot size
0.25 Acres
Property subtype
Quadruplex
Site & Location
Neighborhood
Sierra Vista
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
backyard
storage room
Building Details
Building Size
3,060 SF
Year Built
1924
Year Renovated
2001
Buildings
2
Listing Agency:
NextMove Real Estate
Listed By:
Christine Ferron · License #02128067
(562) 400-7004
Source:
Archetyperealty
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextMove Real Estate
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Investment Insights
Based on property information with market context.
This four-unit residential property comprises two buildings, with each residence offering one bedroom, one bathroom, and approximately 765 square feet. Individual front porches, separate rear entrances, and private laundry rooms serve all four homes. The property was renovated in 2001 and includes three one-car garages, two driveways, a separate storage room, and a grassy backyard. The corner parcel measures nearly 11,000 square feet.
The property is in Alhambra, near South Pasadena and local shopping, dining, parks, and other conveniences.
The property is in Alhambra, near South Pasadena and local shopping, dining, parks, and other conveniences.
Key Highlights
- Four one‑bedroom, one‑bathroom residences, each approximately 765 square feet
- Two separate buildings on a corner lot of nearly 11,000 square feet
- Each residence has a front porch, rear entrance, and individual laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,439
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,780
$1.1M
Cap Rate 7%
$763,414
$763.4K
Cap Rate 9%
$593,767
$593.8K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$82.6K $27.00/SF
− Vacancy
−$6.3K −$2.05/SF
EGI
$76.3K $24.95/SF
− OpEx
−$22.9K −$7.48/SF
NOI
$53.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,780
Cap Rate 7%
$763,414
Cap Rate 9%
$593,767
Alternative Uses
Best Use
Multifamily LT 5
$763.4K
$668.0K – $890.7K
NOI $53,439 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$703.4K
$615.5K – $820.6K
NOI $49,238 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,682 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
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Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two separate buildings give each residence a private rear entrance and its own laundry room.
Where is this quadplex located?
The property is located at 2306 W Alhambra Road Alhambra, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom residences, each approximately 765 square feet; Two separate buildings on a corner lot of nearly 11,000 square feet; Each residence has a front porch, rear entrance, and individual laundry room
