1609 S Atlantic Boulevard Alhambra, CA 91803

Rare offering of two side-by-side lots with a combined 22,978 sq ft, featuring 8 units totaling 6,415 sq ft of living area. The properties are located in a prime location within the Residential High Density (RH) zone in the City of Alhambra, allowing for 43 units per acre, a maximum building height ...of 45 feet, and a maximum of 5 stories. There is also the possibility for ADUs and Junior ADUs (Buyer to Verify). Currently set up with a mix of units including a studio, 1-bed/1-bath duplexes, and two detached SFR homes—one is a 3-bed with a basement and fenced yard. All units have laundry hookups inside, except for the studio and the upstairs unit, which has a laundry room downstairs. On-site parking includes 5 single-car garages (standalone building with nothing above), a two-car garage (with a studio attached and a unit above), a carport, and a parking space off the alley. There is also an attached owner's unit/shed with a bathroom and separate access. Additionally, plenty of street parking is located nearby. Buildings range in age, being built between 1947-1954. All units are currently rented with no back rent owed; this property rarely has vacancies. Situated in a prime location close to Pasadena, San Marino, and San Gabriel, with easy freeway access, public transportation, hig Continue reading