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1609 S Atlantic Blvd, Alhambra, CA 91803
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1609 S Atlantic Blvd Alhambra, CA 91803

$3,600,000
  • 11 Beds
  • 7.75 Baths
  • 6,415 Sq.Ft.
For Sale
$3,600,000 Get Pre-Qualified
Map preview of 1609 S Atlantic Blvd, Alhambra, CA 91803

Property Overview: 1609 S Atlantic Blvd Alhambra, CA has 11 bedrooms, 7.75 bathrooms, 6,415 living square feet and 22,847 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained Large 8 unit multifamily open garden property. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create a quiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio, 1bed/1bath duplexes, and TWO detached SFR homes- one is a 3bed with basement and fenced yard. All units have laundry hookups inside except studio and upstairs unit has a laundry room downstairs. Contact City/County to explore possibilities of adding square footage and/or additional units or ADUs. Parking on site includes 5 single car garages (standalone building with nothing above), a two-car garage (with studio attached and unit above), a carport, and a parking space off the alley. Attached Owner's unit/shed with bathroom and separate access. Plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All tenants are month to month, most have been at the property long term. 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 the San Gabriel with close 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 Property - do not enter without written permission.

Listed by Andrew Homs | BRE #01893992 | H & M Realty Group
Last checked: 3 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 83
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Home details

Lot Sq. Ft
22,847
HOA Dues
$0/mo
Year built
1947
Garage
7 Car
Property Type:
Single Family Home
Status
Active
MLS#
OC24025079
City
Alhambra
County
Los Angeles
Time on Site
83 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 6
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 7
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,628
  • Total Rent: $1,628
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $177,336
  • Net Operating Income: $128,460
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $48,876
  • Electric: $760
  • Gas/Fuel: $0
  • Licenses: $190
  • New Taxes: $37,500
  • Trash: $2,474
  • Gardener: $2,200
  • Insurance: $2,967
  • Professional Management: $0
  • Water/Sewer: $2,785

Open Houses for 1609 S Atlantic Blvd

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Property Details for 1609 S Atlantic Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Carport, Garage, On Site
Lot Information
  • Lot Features: Back Yard, Front Yard, Landscaped, Lot 20000-39999 Sqft, Sprinkler System, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 5356016044
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: : From I-10 exit Atlantic Blvd. traveling North. Property will be on left side just before reaching Norwood P
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains
View more facts & features

Local Alhambra Agent

Sale History for 1609 S Atlantic Blvd

Last leased for $2,975 on November 2nd, 2021

  • February, 2024

  • Feb 3, 2024

    Date

    Active

    CRMLS: OC24025079

    $3,750,000

    Price

  • November, 2021

  • Nov 14, 2021

    Date

    Active

    CRMLS: OC21248645

    $3,695,000

    Price

  • Listing provided courtesy of CRMLS

    Rare 22,978 sq foot property in the heart of Alhambra. Possibilities are endless. Currently a beautifully maintained Large 8 unit multifamily open garden property. This could be an investor/developers dream come true, so many options here! 5 Buildings spaced throughout the property to create a quiet and peaceful setting with mature fruit trees in the courtyard areas, open spaces, and green landscaping. A mix of units including a studio, 1bed/1bath duplexes, and TWO detached SFR homes- one is a 3bed with basement and fenced yard. All units have laundry hookups inside except studio and upstairs unit has a laundry room downstairs. Contact City/County to explore possibilities of adding square footage and/or additional units. Parking on site includes 5 single car garages (standalone building with nothing above), a two-car garage (with studio attached and unit above), a carport, and a parking space off the alley. Plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All tenants are month to month, most have been at the property long term. 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 the San Gabriel with close 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 Property - do not enter without written permission.

  • November, 2021

  • Nov 4, 2021

    Date

    Leased

    CRMLS: OC21229185

    $2,975

    Price

  • Listing provided courtesy of CRMLS

    Newly upgraded and remodeled house with large yard & patio, 2 car garage. Entire home has been updated with luxury vinyl plank flooring, new carpet and a freshly painted interior. The kitchen has new quartz countertops and new fixtures. Bathroom has a new shower, tub, vanity, and fixtures. Rooms feature new ceiling fans, window coverings, and there is a window a/c unit. The home is located on a large lot with two other units toward the back of the property in a courtyard setting with greenbelt, lawns, gardens, and mature fruit trees. Credit report required for all applicants 18+, NO smoking, NO pets. Water, trash, gardener are paid.

  • December, 2009

  • Dec 3, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1609 S Atlantic Blvd

Assessed Value (2020): $109,116
Year Land Value Improved Value Assessed Value
2020 $75,522 $33,594 $109,116

Home Value Compared to the Market

This property vs the competition

1609 S Atlantic Blvd is listed 300.05% higher than the median list price for the city of Alhambra which has a median list price of $899,888. The median price per/sqft for Alhambra is $569 and this home is listed at $561.18 per/sqft which puts the price per square foot 1.37% lower than the median price per square foot for the city of Alhambra.

About 1609 S Atlantic Blvd

Detailed summary of property

1609 S Atlantic Blvd is a single family home located in Alhambra, CA 91803 and is currently for sale. This house offers 11 bedrooms, 7.75 bathrooms, roughly 6,415 living square feet, and sits on an approximately 22,847 square foot lot. 1609 S Atlantic Blvd was first listed on ArdentRealEstateGroup.com on February 4, 2024. The homeowner is currently asking $3,600,000 and was originally asking $3,750,000. The median priced home in Alhambra is $899,888 with a median price per square foot of $569. Based on Ardent Real Estate Group's Alhambra Market Data, this home is listed 300.05% higher than the median priced home. Local competing homes currently for sale include 3595 Grayburn Rd, 1095 Linda Glen Dr and 5217 Dahlia Dr. While the average home in Alhambra, CA is selling in 47 days, 1609 S Atlantic Blvd has a days on market of 83 days. There are currently 73 homes for sale in the Alhambra real estate market and 38 of them are single family homes while 21 of them are condos and 14 are townhomes. For more information on this home for sale at 1609 S Atlantic Blvd Alhambra, CA 91803 contact Ardent Real Estate Group and we will put you in touch with one of our Alhambra agents.

Public Facts for 1609 S Atlantic Blvd

Public county record property details
Beds
6
Baths
4
Year built
1947
Sq. Ft.
3,324
Lot Size
11,779
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5356-016-044

The source for these homes facts are from public records.

91803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$980,000
Median List Price/Sq.Ft.
$567
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$611
Total Inventory
24
Median Sale to List Price %
98.16%
Avg Days on Market
35
Loan Type
Conventional (75%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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