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309 N Palm Ave, Alhambra, CA 91801
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309 N Palm Ave Alhambra, CA 91801

$1,598,000
  • 5 Beds
  • 4 Baths
  • 4,396 Sq.Ft.
For Sale
$1,598,000 Get Pre-Qualified
Map preview of 309 N Palm Ave, Alhambra, CA 91801

Property Overview: 309 N Palm Ave Alhambra, CA has 5 bedrooms, 4 bathrooms, 4,396 living square feet and 7,604 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: This stunning 4-unit Spanish Revival property is located in one of the premier locations in north Alhambra directly across from Alhambra Park and north of Main Street. The building has almost 4,400 square feet of living space such that each unit averages about 1100 square feet. The unit mix is (1) 2 bedroom 1 bath unit and (3) 1 bedroom one bath units. Each unit boasts a large living room, formal dining room, spacious bedrooms, updated bathrooms, kitchens with either granite or tile counters and their own laundry rooms with washer and dryer hookups. The upstairs units have high arched ceilings. There are five separate garages on the property and convenient off-site parking as well. Each unit also has great views of the Alhambra Park and its manicured greenbelt. This public park offers extensive walking paths, swimming pool, and basketball and tennis courts.The hallmarks of this wonderful property are it's expansive living space at almost 4,400 square ft and it's excellent north Alhambra location. right across from Alhambra Park. Please note that the rents are low. Financial details are based upon projected rent.

Listed by Matthew Bryant | BRE #00893221 | Bryant Companies
Last checked: 5 minutes ago | Last updated: May 17th, 2024 | Source CRMLS | DOM: 78
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Home details

Lot Sq. Ft
7,604
HOA Dues
$0/mo
Year built
1931
Garage
5 Car
Property Type:
Fourplex
Status
Active
MLS#
P1-16860
City
Alhambra
County
Los Angeles
Time on Site
79 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,785
  • Total Rent: $1,785
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,407
  • Total Rent: $1,407
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,743
  • Total Rent: $1,743
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $99,600
  • Net Operating Income: $63,785
  • Gross Operating Income: $96,612
  • Vacancy Allowance: $3
Annual Expense Breakdown
  • Total Operating Expense: $32,827
  • New Taxes: $21,600
  • Trash: $1,932
  • Gardener: $1,320
  • Insurance: $2,288
  • Maintenance: $2,500
  • Water/Sewer: $1,982

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Property Details for 309 N Palm Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Inside, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl, Wood
  • Living Room, Kitchen, Laundry
Kitchen Information
  • Has Appliances
  • Free-Standing Range
Interior Features
  • High Ceilings, Ceiling Fan(s), Granite Counters
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Spanish Tile
  • Has Fence
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned, Garage - Single Door, Garage
Lot Information
  • Lot Features: Front Yard, Level with Street, Park Nearby, Level, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Park/Greenbelt
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5339016008
  • Year Built Source: Assessor
  • Architectural Style: See Remarks
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Other
  • Directions: South of Alhambra Road, North of Main and west of Alhambra Park.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Suburban, Street Lights, Park
View more facts & features

Local Alhambra Agent

Sale History for 309 N Palm Ave

Last sold for $340,000 on January 5th, 2000

  • March, 2024

  • Mar 14, 2024

    Date

    Active

    CRMLS: P1-16860

    $1,800,000

    Price

  • January, 2000

  • Jan 5, 2000

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

Show More

Tax History for 309 N Palm Ave

Assessed Value (2020): $477,812
Year Land Value Improved Value Assessed Value
2020 $358,362 $119,450 $477,812

Home Value Compared to the Market

This property vs the competition

309 N Palm Ave is listed 77.75% higher than the median list price for the city of Alhambra which has a median list price of $899,000. The median price per/sqft for Alhambra is $640 and this home is listed at $363.51 per/sqft which puts the price per square foot 43.2% lower than the median price per square foot for the city of Alhambra.

About 309 N Palm Ave

Detailed summary of property

309 N Palm Ave is a fourplex located in Alhambra, CA 91801 and is currently for sale. This fourplex offers 5 bedrooms, 4 bathrooms, roughly 4,396 living square feet, and sits on an approximately 7,604 square foot lot. 309 N Palm Ave was first listed on ArdentRealEstateGroup.com on March 14, 2024. The homeowner is currently asking $1,598,000 and was originally asking $1,800,000. The median priced home in Alhambra is $899,000 with a median price per square foot of $640. Based on Ardent Real Estate Group's Alhambra Market Data, this home is listed 77.75% higher than the median priced home. Local competing homes currently for sale include 1520 Helen Dr, 5621 Carlota Blvd and 3900 Berenice Pl. While the average home in Alhambra, CA is selling in 48 days, 309 N Palm Ave has a days on market of 78 days. There are currently 79 homes for sale in the Alhambra real estate market and 43 of them are single family homes while 20 of them are condos and 16 are townhomes. For more information on this home for sale at 309 N Palm Ave Alhambra, CA 91801 contact Ardent Real Estate Group and we will put you in touch with one of our Alhambra agents.

Public Facts for 309 N Palm Ave

Public county record property details
Beds
5
Baths
4
Year built
1931
Sq. Ft.
4,396
Lot Size
7,601
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5339-016-008

The source for these homes facts are from public records.

91801 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$888,888
Median List Price/Sq.Ft.
$631
Median Sold Price
$888,000
Median Sold Price/Sq.Ft.
$633
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
18
Loan Type
Conventional (38.46%), FHA (0%), VA (0%), Cash (30.77%), Other (23.08%)

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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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