201 N Atlantic Boulevard, Alhambra, CA 91801

• 5,100 sqft

Property Description

Huge Price Improvement! Seven-Unit Craftsman - Individual separate Cottage units in a garden style Community on sixteen thousand SF Lot (1/3 of and acre) – in the desirable area of Alhambra that is central to South Pasadena, San Marino and San Gabriel. Rare opportunity to acquire a seven-unit, single-story cottage-style multifamily property located in the historic city of Alhambra. Built in 1928, the property features individual standalone Craftsman-style units, offering timeless charm and strong tenant appeal. The property is fully leased, providing immediate income. For investors focused on preservation and value enhancement, the property may qualify for Mills Act historical tax abatement, potentially resulting in significant property tax savings and expedited permitting through the City of Alhambra (Need to verify). Situated on an expansive fat lot, the property also offers future redevelopment potential, including condominiums and/or higher-density multifamily (need to verify zoning and feasibility). Ideal for investors seeking stable cash flow, long-term appreciation, and multiple exit strategies in a highly desirable Alhambra location.

Listing Status:

Active

Date Added:

January 13, 2026

Data Last Updated:

May 21, 2026 at 1:16AM

Listing Office:

Regency Real Estate Brokers : 949-707-4400

Listing Agent:

Stephen Shloss : 9492921323

MLS ID:

OC26007472

Interior

• Laundry: None

Exterior

• Parking: Parking spaces: 10

Construction

• General: 1

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 5338022013

Utilities

• Utilities: See Remarks
• Water: PublicSee Remarks

Financial

• Source: CRMLS_CRM