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$1,050,000
Est. payment /mo
2 Beds
2,057 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,057 sqft
Price per Sqft $510
MLS Listing ID CL26835521
Bedrooms 2
HOA Y/N No
Year Built 1939
Lot Size 6,224 Sqft
Acres 0.14
Property Sub-Type OTHER
Property Description
201-203 S. Meridian Ave offers a rare opportunity to acquire a well-maintained duplex in the heart of Alhambra, available for the first time in over 30 years. This pride-of-ownership property has been carefully preserved, making it an excellent option for investors seeking stable income with future upside.The asset features two spacious 2-bedroom, 1-bathroom units, each approximately 1,000square feet. Both units offer functional layouts with comfortable living areas and ample natural light. They are separately metered for gas and electricity, allowing for efficient expense management and reduced landlord overhead. Situated on a 6,222 square foot lot with R-2 zoning, the property includes garage parking, adding convenience and tenant appeal. The zoning may also present potential for future development or expansion (buyer to verify).Centrally located, the property is just minutes from major retail destinations like Costco andTarget, as well as the dining and shopping options in Downtown Alhambra. The location supports strong rental demand due to its accessibility and neighborhood amenities.With current rents below market levels, there is clear upside potential for increased income over time. This makes 201-203 S. Meridian Ave a solid investment opportunity combining reliable tenancy, a desirable location, and room for growth.
Location
State CA
County Los Angeles
Zoning ALRPD*
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5292009006
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Listed by Nicholas Hayner • Maywood Property Group