1217 Saint Charles, Alhambra, CA 91801

Delivered vacant with over $250,000 in capital improvements, this income producing property is nestled in the prestigious Olive Tract in North Alhambra. With an immediate 4% cap as-is and upside of 5.5%, 1217 Saint Charles is ideal for any investor or owner user. Built in 1912, this south facing two story Craftsman-style home presents with 4 bedrooms, 3 bathrooms in the main house and includes almost 2400SF of living space. Upon entering the home, the inviting wide front porch will have buyers reminiscing of the architectural charm in the early 1900s. Original hardwood floors, wainscoting, and built in cabinetry in the formal living room and dining room compliment the extensive remodel in 2024. New dual pane windows fill the home with an abundance of natural light in every room. The main level includes a primary suite perfect for multi generation living, an office, 2 updated bathrooms, and a remodeled kitchen. The second story includes 3 bedrooms and 1 bathroom. All of the bathrooms have been updated with designer grade tile, copper plumbing, and new drain lines. Energy efficient upgrades include ductless AC units in every room and a tankless water heater. Sitting on an expansive parcel of 8,633SF, this lot also offers potential for all types of buyers. Existing carriage house in the rear is ready for immediate rental income. Both structures also have utilities readily available for multiple ADUs and be used as an extension to the main house. Central to all of Alhambra's best and adjacent to San Marino/South Pasadena, this home is suitable for all present buyers and offers a great hedge with value-add potential.