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1342 Edgewood

Alhambra, CA 91803
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Bed 9

Bed

Bath 9

Bath

SqFt6,615

Sqft(Lot)

Prime 5-Unit Investment Opportunity | Alhambra, CA **Exceptional Income Property with Long-Term Upside** Positioned on a 6,615 sq. ft. lot in one of Alhambra’s most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential. Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors. The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including: Four 2-bedroom, 2-bath units One 1-bedroom, 1-bath unit All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent. Additional highlights include: Owner-operated on-site laundry room providing supplemental income Strong, established rental market Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles Excellent commuter location with nearby public transportation Pro forma rental projections reflecting market rates at the time of listing Potential for additional development or expansion (buyer to verify with the City of Alhambra) Whether you’re expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential. Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,799,000

AD Id : 68469960

MLS Id : CV25241240

Beds : 9

Lot Size : 6,615 Sqft

Year Built : 1979

County : Los Angeles

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Feature Features

  • Interior Features

    Roof: Composition
    Laundry Features: CommonArea, SeeRemarks
  • Heating & Cooling

    Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1979
    Building Area Total: 4422
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: Neighborhood

  • Lot Information

    Main Square Feet: 6615 Lot Size Acres: 0.1519 Lot Size Source: Assessor Lot Size Square Feet: 6,615 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $1799000
    Cash, CashToExistingLoan, CashToNewLoan, Contract

  • Tax Information

    Parcel Number: 5355004011 Tax Lot: 77

  • Location Information

    Direction: E. Fremont, South of Mission, W. Marengo WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1097 S Marguerita #C, Alhambra, CA, 91803 $639,000 2 3 1,273 18,081 Sqft
1417 S Marguerita Avenu.., Alhambra, CA, 91803 $678,800 3 3 1,286 12,477 Sqft
1008 S Marengo Avenue #D, Alhambra, CA, 91803 $848,880 3 3 1,650 17,605 Sqft
1022 S Marengo #5, Alhambra, CA, 91803 $669,000 3 3 1,220 70,437 Sqft
1026 S Marengo Ave. #2, Alhambra, CA, 91803 $833,900 4 3 1,844 70,437 Sqft
1601 St Simon Circle #D, Alhambra, CA, 91803 $990,000 4 4 1,680 13,041 Sqft
2205 W Ramona Road, Alhambra, CA, 91803 $2,280,000 16 8 -- 14,407 Sqft
2121 El Paseo, Alhambra, CA, 91803 $2,980,000 5 4 -- 12,162 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/04/2026 @ 10:27

MLS: CV25241240 LISTED BY: Stacy Dover, Mystic Canyon Real Estate 626-429-7361 SOURCE: CRMLS

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