Log In/Sign Up
Your email has been sent.
201 S Meridian Ave
Alhambra, CA 91801
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Meticulously Maintained | New Roof 2023 | Repipe 2024 | New Paint 2020
- Individually Metered | 3 Garage Spaces
- Generational Trophy - First Time On The Market In 30+ Years
- Desirable Unit Mix | All 2+1
- Close To Costco, La Fitness, Target, Downtown Alhambra
Executive Summary
**Contact Listing Agent, Nick Hayner 310.994.9158 | Nick@maywoodpropertygroup.com**
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 and Target, 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.
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 and Target, 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.
Property Facts
| Price Per Unit | $525,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 2 | Building Size | 2,057 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1939 |
| Zoning | ALRPD - Residential Planned Development | ||
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,057 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1939 |
| Zoning | ALRPD - Residential Planned Development |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 5292-009-006 | Improvements Assessment | $142,161 |
| Land Assessment | $142,161 | Total Assessment | $284,322 |
Property Taxes
Parcel Number
5292-009-006
Land Assessment
$142,161
Improvements Assessment
$142,161
Total Assessment
$284,322
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
