1605 S Atlantic Blvd Alhambra, CA 91803
Shorb Track NeighborhoodEstimated payment $19,219/month
Total Views
7,090
10
Beds
8
Baths
6,415
Sq Ft
$530
Price per Sq Ft
Highlights
- 0.52 Acre Lot
- No HOA
- 1 Attached Carport Space
- Alhambra High School Rated A
- Laundry Room
- Landscaped
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,900
Year Built
- Built in 1947
Lot Details
- 0.52 Acre Lot
- 1 Common Wall
- Landscaped
- Sprinkler System
- Back and Front Yard
- 5356016044
Parking
- 7 Car Garage
- 1 Open Parking Space
- 1 Attached Carport Space
- Parking Available
- Off-Street Parking
Home Design
- Quadruplex
- Tile Roof
Interior Spaces
- 6,415 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 4376
- Assessor Parcel Number 5356016043
Community Details
Overview
- No Home Owners Association
- 6 Buildings
- 8 Units
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 7 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $760
- Gardener Expense $2,200
- Insurance Expense $2,967
- Trash Expense $2,474
- Water Sewer Expense $2,785
- New Taxes Expense $34,000
- Operating Expense $48,876
- Gross Income $177,336
- Net Operating Income $128,460
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,900 | $114,355 | $80,973 | $33,382 |
| 2023 | $3,048 | $112,114 | $79,386 | $32,728 |
| 2022 | $2,975 | $109,917 | $77,830 | $32,087 |
| 2021 | $2,941 | $107,762 | $76,304 | $31,458 |
| 2019 | $2,889 | $104,568 | $74,042 | $30,526 |
| 2018 | $2,746 | $102,519 | $72,591 | $29,928 |
| 2016 | $2,545 | $98,540 | $69,773 | $28,767 |
| 2015 | $2,520 | $97,060 | $68,725 | $28,335 |
| 2014 | $2,529 | $95,159 | $67,379 | $27,780 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | For Sale | $3,400,000 | -- | $530 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Wfg Title Company | |
| Interfamily Deed Transfer | -- | Wfg Title Company | |
| Interfamily Deed Transfer | -- | Wfg Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $334,000 | New Conventional | |
| Closed | $334,000 | New Conventional | |
| Closed | $363,000 | New Conventional |
Source: Public Records
Similar Homes in Alhambra, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25026504
APN: 5356-016-043
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