228 S El Molino
Alhambra, CA, 91801
$1,188,000
MLS: CV26079335
Beds
2
Baths
2
Sq Ft
1,922
Lot
0.24 ac
Year Built
1923
MLS #
CV26079335
Days on Market
7
Listed
Apr 13, 2026
Description
The property is walking distance to downtown Alhambra, San Marino, and the San Gabriel Mission. Great Investment Opportunity with Flexible Living Potential! This unique property offers incredible versatility for both investors and owner-users. Title reflects 2 bedrooms and 2 bathrooms; however, the home is currently configured as two separate units, each offering 2 bedrooms and 1 bathroom—ideal for multi-generational living or rental income potential. Each unit features a functional and well-designed layout, with comfortable living areas that flow naturally into the kitchens, creating an open and practical living space. The bedrooms are well-proportioned and thoughtfully positioned to provide privacy, while the bathrooms are conveniently located to serve both residents and guests with ease. The overall layout offers a seamless balance between shared living space and private retreats. The property is equipped with modern conveniences, including a Tesla 220V wall charger, an additional 220V outlet in the driveway, and separate electrical meters for each unit. Internet is independently routed to each unit, providing added privacy and functionality. Water, gas, and trash services are currently shared and managed by the owner. Enjoy a spacious lot featuring a yard with an installed sprinkler system—perfect for outdoor enjoyment or future enhancements. Buyer to independently verify all information, including but not limited to permits, zoning, and utility configurations with the City. Property is being sold as-is. Broker/Agent does not guarantee the accuracy of square footage, lot size, zoning, rent control status, permits, use code, schools, or other property details. Buyer is advised to conduct their own due diligence and verify all information through personal inspection and appropriate professionals.
Location
Alhambra, Los Angeles County, CA 91801
Open on Google Maps ↗Listed by: Mila Voskanyan · STIGLER MORTGAGE
Payment estimate
$8,552
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $118,800 · Loan: $1,069,200
- Principal & Interest
- $6,569
- Property tax (1.25%)
- $1,238
- Homeowners insurance
- $300
- Mortgage insurance
- $446
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Alhambra home with as little as 3.5% down using an FHA loan — roughly $41,580 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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