Listed by Mark Bridge•DRE #01316702• Mark Bridge, Broker
Contact: Mark.Bridge@matthews.com
For sale
$1,800,000
Est. $12,166/mo —
6
bd
•
7 ba
•
3,290
sq ft
1712 S 2nd St, Alhambra, CA 91801
About this home
Can be Sold Together or Separate from 1706 S 2nd St, Alhambra (10 Units). Contiguous building. We are pleased to present the opportunity to acquire this 7 unit multifamily property located at 1712 S 2nd St in Alhambra, California. Built in 1949, the property consists of approximately 3,290 square feet situated on an 8,661-square-foot lot, featuring Two 2-Bed 1-Bath, Two 1-Bed 1-Bath, and Three Studio units. Located in the desirable San Gabriel Valley submarket of Los Angeles County, the property benefits from its proximity to established residential neighborhoods, retail amenities, and major employment centers. The property has 5 carports, plus street parking available. The property is home to approximately 53,381 residents with an average household income of $113,426. With approximately 62.6% of occupied housing units renter-occupied, the surrounding area demonstrates an established rental housing market. Residents benefit from convenient access to Valley Boulevard, Garfield Avenue, nearby schools, shopping, dining, and surrounding communities including Monterey Park, San Gabriel, and Pasadena. 1712 S 2nd St offers investors an opportunity to acquire an established multifamily asset in a supply-constrained Southern California market, supported by strong surrounding demographics, an established renter base, and a desirable San Gabriel Valley location.
Garfield Avenue, located between Main Street and Valley Boulevard, is a residential and commercial Alhambra neighborhood with a walkable corridor and a steady, street-level dining scene. The neighborhood’s character concentrates around Garfield Ave and Main St, where sidewalk bakeries, boba counters, and late-night noodle houses keep the blocks active. Community pillars include Alhambra Farmers Market, Edwards Alhambra Renaissance Stadium, and The Hat for a classic local bite. Housing reads as mid-century apartments and compact single-family streets with mature trees. Daily life follows the boulevard grid, with pocket parks and civic buildings close by. The feel is practical, polished, and oriented around errands, meals, and movies.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Seven units across two buildings
Bedrooms
Three two-bedroom units
Three one-bedroom units
Bathrooms
Seven full bathrooms
Kitchen
Garbage disposal
Range hood
Gas range
Gas oven
Heating & cooling
Wall heaters
Wall/window cooling
Exterior features
Lawn
Home design
Two stories
Parking
Five parking spaces
Five carport spaces
Attached and detached carports
Construction
Composition shingle roof
Utilities
Public sewer
Public water
Natural gas connected
Electricity connected
Cable connected
Telephone on property
HOA & community
Street lighting
Storm drains
Sidewalks
Financial info
Net operating income of $71,050
Gross scheduled income of $116,446
Gross operating income of $112,952
Gross spendable income of $112,952
Operating expenses of $41,902
All seven units leased
Tenants pay gas and electricity
Electricity and solar
View estimated energy costs and solar savings for this home
The RM Zone is intended to provide for a variety of housing types at densities up to 18 dwelling units per acre. Housing types in this Zone include detached single-unit dwellings, duplexes, triplexes, and other medium density housing types. Other compatible uses appropriate in a medium density residential environment are allowed. The RM Zone implements the Medium Residential Density General Plan land use designation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Alhambra, CA • 91801
Average low and high temperatures (°F)
70
48
72
51
74
54
73
54
76
58
81
61
86
65
89
66
85
66
80
58
72
52
70
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1712 S 2nd St
There isn’t enough information to generate an accurate estimate at this time. Learn More