Skip To Content

312 314 N Primrose Avenue

Alhambra, CA 91801
  • $1,675,000
  • STATUS: Active
  • ON SITE: 100 Days
  • MLS #: AR25009604
UPDATED: 20 min ago
$1,675,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Han Chen of Growth Investment Group Pasade (626-594-4900)


Description

Highly desirable SINGLE-story bungalow style fourplex located in the best location of Alhambra (NORTH ALHAMBRA). It is situated on a quiet residential street in north Alhambra, and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This offering provides investor with opportunity to buy an easy to manage and rent apartment investments in the best location of Alhambra. The property has undergone many capital improvements, most recent ones are new roof for back duplex (October 2023), new drought tolerant landscaping (front lawn) and new exterior paint (back duplex + garage). The building consists of two duplexes. The front duplex consists of two x 1bedroom+1bathroom bungalow style units. Each unit comes with in-unit laundry machines (seller provided). One of the front units (#312) has been partially upgraded with luxury vinyl wood flooring, quartz kitchen countertops, new kitchen, recessed lightings, and new laundry machines (come with the property). The other front unit (#314) has been fully upgraded with new kitchen, new flooring, new stainless-steel appliances, in-unit laundry machines, new A/C, new windows, etc.The back duplex consists of one x 1bedroom+1bathroom, and one x studio. Both back units have been completely upgraded with new flooring, new kitchen (cabinets and quartz countertops), recessed lightings, and mini split A/C and heating units. These back 2 units do not have any laundry hookups and there is no laundry facility in the building (new owner can create laundry facility in one of the storage spaces). The property has a detached garage which provides 2 parking spaces and 2 storage spaces. There are 4 additional striped parking spaces in front of the garage. The 1 detached garage spaces are being used as storage spaces by tenant " the other 1 garage space are rented on month to month basis by one of the new tenant. The building is separately metered for electricity and gas.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T13:33:44.657. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159447937
Print Image

312 314 N Primrose Avenue Alhambra, CA 91801

  • Price: $1,675,000
  • Status: Active
  • On Site: 100 Days
  • Updated: 20 min ago
  • MLS #: AR25009604
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1923
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
Highly desirable SINGLE-story bungalow style fourplex located in the best location of Alhambra (NORTH ALHAMBRA). It is situated on a quiet residential street in north Alhambra, and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This offering provides investor with opportunity to buy an easy to manage and rent apartment investments in the best location of Alhambra. The property has undergone many capital improvements, most recent ones are new roof for back duplex (October 2023), new drought tolerant landscaping (front lawn) and new exterior paint (back duplex + garage). The building consists of two duplexes. The front duplex consists of two x 1bedroom+1bathroom bungalow style units. Each unit comes with in-unit laundry machines (seller provided). One of the front units (#312) has been partially upgraded with luxury vinyl wood flooring, quartz kitchen countertops, new kitchen, recessed lightings, and new laundry machines (come with the property). The other front unit (#314) has been fully upgraded with new kitchen, new flooring, new stainless-steel appliances, in-unit laundry machines, new A/C, new windows, etc.The back duplex consists of one x 1bedroom+1bathroom, and one x studio. Both back units have been completely upgraded with new flooring, new kitchen (cabinets and quartz countertops), recessed lightings, and mini split A/C and heating units. These back 2 units do not have any laundry hookups and there is no laundry facility in the building (new owner can create laundry facility in one of the storage spaces). The property has a detached garage which provides 2 parking spaces and 2 storage spaces. There are 4 additional striped parking spaces in front of the garage. The 1 detached garage spaces are being used as storage spaces by tenant " the other 1 garage space are rented on month to month basis by one of the new tenant. The building is separately metered for electricity and gas.
Exterior Features

Carport Spaces 0 Direction Faces West Entry Level 1 Entry Location 1 Fencing None Lot Features LawnLandscapedNear ParkNear Public TransitRectangular LotStreet Level Number Of Separate Electric Meters 4 Open Parking Spaces 5 Parking Features Assigned Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas RangeDryerWasher Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateVinyl Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.15 Common Interest Community Apartment Community Features ValleyPark Contingency Seller's 1031 exchange Current Financing Conventional Disclosures Familial RelationPrincipal is Real Estate LicensedRent Control Electric Standard Garage YN Yes Gross Income 93060 Gross Scheduled Income 94650 Insurance Expense 997 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 1727 Net Operating Income 69495 New Construction YN No New Taxes Expense 19646 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 25065 Possession Close Of Escrow Property Condition Updated/Remodeled Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 7845 Trash Expense 700 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 0 Water Sewer Expense 800 Water Source Public Zoning ALRPD*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T13:33:44.657. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_373794139-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_373794139-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_373794139-2.jpg
Logo
The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Han Chen of Growth Investment Group Pasade (626-594-4900)