2721 S Fremont, Alhambra, CA 91803

$1,288,000

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List Price
$1,288,000
Status
ACTIVE
MLS#
AR26141592
Year Built
1950
Lot Size
7,331
Acres
0.17
Lot Location
0-1 Unit/Acre, Sprinklers In Front
Days on Market
29
Property Type
Multifamily
Style
Traditional
Property Sub Type
Quadruplex
Stories
One Level

Property Description

**2721–2723 S. Fremont Ave., Alhambra** An attractive four-unit multifamily investment opportunity in the highly desirable City of Alhambra featuring 4- 1 Bedroom, 1 Bath units,  this well-maintained property offers stable rental income, long-term tenancy, and an exceptional San Gabriel Valley location with convenient access to major employment centers, universities, medical facilities, shopping, dining, and entertainment. The property features four on-site carport parking spaces—one assigned to each unit—as well as two private storage rooms conveniently attached to the carport. Each unit is equipped with gravity floor heating and features carpet and linoleum flooring, with original hardwood floors beneath the carpet in the living rooms and bedrooms, presenting an opportunity for future interior upgrades and added value. Included appliances consist of four gas stoves, one refrigerator, and one window air conditioning unit. Significant recent capital improvements include updated plumbing throughout all four units in 2025, providing a valuable infrastructure upgrade. Additional exterior enhancements completed in 2024 include fresh exterior paint, a new wood perimeter fence, and a resurfaced driveway. The property also offers low-maintenance landscaping with an automatic sprinkler system. Ideally situated with easy access to Downtown Los Angeles, Cal State LA, USC, and the USC Medical Center, the property is conveniently located near the I-10, I-710, SR-60, and I-5 freeways. Residents also enjoy close proximity to Monterey Park, Pasadena, and Arcadia, with an abundance of restaurants, shopping centers, theaters, parks, and other community amenities nearby. This is an outstanding opportunity for investors seeking a well-located, income-producing asset with stable occupancy, recent capital improvements, and long-term upside in one of the San Gabriel Valley's most desirable rental markets.

Additional Information

Appliances
Gas Oven, Water Heater
Pool Description
None
Heat
Gravity
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Stucco
Roof
Composition
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), All Bedrooms Down
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$57,960
Operating Expense
13741

Listing courtesy of Listing Agent: Pamela DelRey (Pameladelrey@yahoo.com) from Listing Office: Art Del Rey Realty, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.