**2721–2723 S. Fremont Ave., Alhambra**
An attractive four-unit multifamily investment opportunity in the highly desirable City of Alhambra featuring 4- 1 Bedroom, 1 Bath units, this well-maintained property offers stable rental income, long-term tenancy, and an exceptional San Gabriel Valley location with convenient access to major employment centers, universities, medical facilities, shopping, dining, and entertainment.
The property features four on-site carport parking spaces—one assigned to each unit—as well as two private storage rooms conveniently attached to the carport. Each unit is equipped with gravity floor heating and features carpet and linoleum flooring, with original hardwood floors beneath the carpet in the living rooms and bedrooms, presenting an opportunity for future interior upgrades and added value. Included appliances consist of four gas stoves, one refrigerator, and one window air conditioning unit.
Significant recent capital improvements include updated plumbing throughout all four units in 2025, providing a valuable infrastructure upgrade. Additional exterior enhancements completed in 2024 include fresh exterior paint, a new wood perimeter fence, and a resurfaced driveway. The property also offers low-maintenance landscaping with an automatic sprinkler system.
Ideally situated with easy access to Downtown Los Angeles, Cal State LA, USC, and the USC Medical Center, the property is conveniently located near the I-10, I-710, SR-60, and I-5 freeways. Residents also enjoy close proximity to Monterey Park, Pasadena, and Arcadia, with an abundance of restaurants, shopping centers, theaters, parks, and other community amenities nearby.
This is an outstanding opportunity for investors seeking a well-located, income-producing asset with stable occupancy, recent capital improvements, and long-term upside in one of the San Gabriel Valley's most desirable rental markets.
For sale
Listed by: Art Del Rey Realty, Inc. • Pamela DelRey • Contact: 626-841-2387
Price cut: $90K (8/23)
$1,198,000
2721 S Fremont Ave, Alhambra, CA 91803
4beds
4baths
2,230sqft
Quadruplex
Built in 1950
-- sqft lot
$1,180,100 Zestimate®
$537/sqft
$-- HOA
What's special
- 60 days
- 468
- 20
Zillow last checked:
Listing updated:
Listed by:
Pamela DelRey DRE #00864033 626-841-2387,
Art Del Rey Realty, Inc.
Source: CRMLS,MLS#: AR26141592
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- Gravity
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Oven, Water Heater
- Laundry: None
Features
- Ceiling Fan(s), All Bedrooms Down
- Flooring: Carpet, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,230
- Total interior livable area: 2,230 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: front
- Pool features: None
- Spa features: None
Lot
- Size: 7,331 Square Feet
- Features: 0-1 Unit/Acre, Sprinklers In Front
Details
- Parcel number: 5353019006
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Location
- Region: Alhambra
Financial & listing details
- Price per square foot: $537/sqft
- Tax assessed value: $200,568
- Date on market: 6/29/2026
- Cumulative days on market: 61 days
- Listing terms: Cash,Cash to New Loan
- Lease term: 12 Months,Month To Month
- Total actual rent: 4830
- Tenant pays: None
Estimated market value
$1,180,100
$1.12M - $1.24M
$2,769/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2026 | Price change | $1,198,000-7%$537/sqft |
Source: | ||
| 6/30/2026 | Listed for sale | $1,288,000$578/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $200,568 +2% |
| 2025 | $3,573 +2.8% | $196,642 +2% |
| 2024 | $3,476 -3.3% | $192,794 +2% |
| 2023 | $3,595 +3.7% | $189,021 +2% |
| 2022 | $3,468 +1.4% | $185,322 +2% |
| 2021 | $3,421 +0.4% | $181,696 +1% |
| 2020 | $3,407 | $179,838 +2% |
| 2019 | $3,407 +6.6% | $176,319 +2% |
| 2018 | $3,194 | $172,869 +2.2% |
| 2017 | $3,194 +1.2% | $169,166 +2% |
| 2016 | $3,155 +6.1% | $165,850 +1.5% |
| 2015 | $2,975 +1.7% | $163,360 +2% |
| 2014 | $2,925 | $160,161 +2.5% |
| 2012 | -- | $156,313 +2% |
| 2011 | -- | $153,249 +0.8% |
| 2010 | -- | $152,104 -0.2% |
| 2009 | -- | $152,466 +2% |
| 2008 | -- | $149,478 +2% |
| 2007 | -- | $146,548 +2% |
| 2006 | -- | $143,675 |
| 2005 | -- | $143,675 +4% |
| 2004 | -- | $138,098 +1.9% |
| 2003 | -- | $135,568 +2% |
| 2002 | -- | $132,910 +4% |
| 2000 | -- | $127,751 |
Find assessor info on the county website
Monthly payment
Est. payment
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Neighborhood: 91803
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