1609 Atlantic, Alhambra CA 91803 | $3,600,000

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, highly rated restaurants, entertainment, Dodger Stadium, Hollywood, golf courses, Downtown LA, Santa Anita, The Rose Bowl, retail shops, parks, Cal State LA, USC, UCLA, and more. Private property—do not enter without written permission.

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