Listed by Eric Chen, CB RICHARD ELLIS, (909) 418-2000 . Bought with CB RICHARD ELLIS
$1,142,200
- 3 Beds
- 3 Baths
- 1,536 sqft
1616 Cherry Ln, Alhambra, CA 91803
Est. Refi. Payment $7,028/mo*
Refinance Your HomeCurrently Off Market - Sold Nov 21, 2025 for $825,000
Home Value
Trulia Estimate
$1.14MSince last month
Decreased$16K (-1.4%)Since last year
Increased$221K (+24.4%)Since last sale
Increased$303K (+36.7%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +80% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $1.13M |
| July 2026 | $1.14M |
| June 2026 | $1.15M |
| May 2026 | $1.15M |
| April 2026 | $848K |
| March 2026 | $855K |
| February 2026 | $845K |
| January 2026 | $840K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.19 | Multi-Family Home | $1,150,000 | 10/15/25 | 5 | 3 | 2,386 | |
0.49 | Multi-Family Home | $990,000 | 10/27/25 | 4 | 2 | 1,728 | |
0.51 | Multi-Family Home | $990,000 | 03/12/26 | 5 | 3 | 2,692 | |
0.77 | Multi-Family Home | $815,000 | 04/09/26 | 4 | 2 | 1,464 | |
0.34 | Multi-Family Home | $1,510,000 | 04/30/26 | 8 | 4 | 2,750 | |
0.95 | Multi-Family Home | $1,055,000 | 08/07/26 | 4 | 4 | 1,620 | |
0.91 | Multi-Family Home | $1,058,000 | 11/19/25 | 5 | 2 | 1,612 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $1,408,100 | 8 | 4 | 2,810 | Off Market | |
0.03 | $1,059,700 | 3 | 3 | 1,670 | Off Market | |
0.04 | $848,880 | 3 | 3 | 1,650 | For Sale | |
0.05 | $1,060,400 | 3 | 3 | 1,940 | Off Market | |
0.05 | $1,192,900 | 6 | 3 | 2,380 | Off Market | |
0.04 | $890,000 | 4 | 2.5 | 2,000 | Off Market | |
0.04 | $833,900 | 4 | 3 | 1,844 | For Sale | |
0.04 | $690,800 | 3 | 2.5 | 1,260 | Off Market | |
0.04 | $649,600 | 3 | 3 | 1,260 | Off Market | |
0.04 | $669,000 | 3 | 2.5 | 1,220 | For Sale | |
0.04 | $681,800 | 3 | 2.5 | 1,220 | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1925
Living Area
1,536 sqft
Price/Sqft
$537/sqft
Parking
3 Car Garage
HOA
None
About this House
We are pleased to present the opportunity to acquire 1616 Cherry Lane, an attractive triplex property located in the highly desirable San Gabriel Valley submarket of Alhambra, California.
Constructed in 1925, the property is situated on a well-maintained ±5,497 square-foot lot with a total building size of ±1,536 square feet. The property is conveniently situated at the cross streets of S Marengo Avenue and Front Street, and is only two blocks from Valley Boulevard, a major neighborhood thoroughfare with numerous retailers, restaurants, and popular stores. The location offers excellent connectivity, with easy access to the 10 and 710 Freeways, and is just minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park and San Gabriel. The property features an ideal unit mix of three 1-bedroom/1-bathroom units, all of which are single-story and ground-level. On-site parking is available via a 2-car garage and a single-car garage. The property has also undergone extensive recent capital improvements, including brand new kitchen cabinetry and countertops, renovated bathrooms, new flooring in select units, new exterior paint, fascia boards, rain gutters, and all windows and security screen doors have been upgraded. These improvements enhance the property’s appeal and reduce future capital expenditures for a new owner. This offering presents an exceptional investment opportunity. With a highly attractive going-in cost basis of just $275,000 per unit, the property provides a strategic entry point for investors. Not subject to any local rent control, it offers significant rental upside, with market rents exceeding more than double the current rental income. 1616 Cherry Lane in Alhambra is a bread and butter, residential income producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Constructed in 1925, the property is situated on a well-maintained ±5,497 square-foot lot with a total building size of ±1,536 square feet. The property is conveniently situated at the cross streets of S Marengo Avenue and Front Street, and is only two blocks from Valley Boulevard, a major neighborhood thoroughfare with numerous retailers, restaurants, and popular stores. The location offers excellent connectivity, with easy access to the 10 and 710 Freeways, and is just minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park and San Gabriel. The property features an ideal unit mix of three 1-bedroom/1-bathroom units, all of which are single-story and ground-level. On-site parking is available via a 2-car garage and a single-car garage. The property has also undergone extensive recent capital improvements, including brand new kitchen cabinetry and countertops, renovated bathrooms, new flooring in select units, new exterior paint, fascia boards, rain gutters, and all windows and security screen doors have been upgraded. These improvements enhance the property’s appeal and reduce future capital expenditures for a new owner. This offering presents an exceptional investment opportunity. With a highly attractive going-in cost basis of just $275,000 per unit, the property provides a strategic entry point for investors. Not subject to any local rent control, it offers significant rental upside, with market rents exceeding more than double the current rental income. 1616 Cherry Lane in Alhambra is a bread and butter, residential income producing asset positioned for long-term growth and capital appreciation. The property is well-suited for a variety of investment strategies, for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
1616 Cherry Ln, Alhambra, CA 91803 is a 3 bedroom, 3 bathroom, 1,536 sqft multi-family built in 1925. It last sold for the $825,000 asking price on Nov 21, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,142,200, with a rent estimate of $3,652/month.
Home Details for 1616 Cherry Ln
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Interior Details Number of Rooms: 2Types of Rooms: Bedroom, Kitchen |
Beds & Baths Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3Number of Bathrooms (main level): 3 |
Dimensions and Layout Living Area: 1536 Square Feet |
Appliances & Utilities Laundry: None |
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa Fireplace: NoneSpa: NoneNo FireplaceNo Spa |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneEntry Location: 1 |
View Has a ViewView: Mountain(s) |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3Has a GarageHas an Attached GarageParking Spaces: 3Parking: Garage Attached |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 18 |
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Year Built Year Built: 1925 |
Property Type / Style Property Type: ResidentialProperty Subtype: TriplexStructure Type: TriplexArchitecture: Triplex |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 5350029003 |
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Price List Price: $825,000Price Per Sqft: $537/sqft |
Status Change & Dates Off Market Date: Fri Sep 26 2025 |
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MLS Status: Closed |
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Direction & Address City: Alhambra |
School Information High School District: Alhambra |
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Community Features: Curbs, SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 5497 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan |
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Mls Number: CV25203576Living Area Range Units: Square FeetAttribution Contact: 626-757-5717Common Interest: Community ApartmentUniversal Property Id: US-06037-N-5350029003-R-N |
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CurbsSidewalks |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Nov 21, 2025 Source: CRMLS #CV25203576 | Sold | $825,000 |
Oct 27, 2025 Source: CRMLS #CV25203576 | Pending | $825,000 |
Sep 27, 2025 Source: CRMLS #CV25203576 | Contingent | $825,000 |
Sep 9, 2025 Source: CRMLS #CV25203482 | Listed For Sale | $825,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $825,000 |
Home facts updated by county records
Market trends in Alhambra
Last updated July 2026
Avg. sale price
$854K
$47.17KMoM
Sale-to-List Price
100.5%
Price per sq ft
$623
$2MoM
Available listings
120
14MoM
Around this home
What Locals Say about Alhambra
At least 734 Trulia users voted on each feature.
90 % Say there are sidewalks
84 % Say it's dog friendly
77 % Say it's walkable to restaurants
74 % Say car is needed
67 % Say people would walk alone at night
67 % Say streets are well-lit
67 % Say it's walkable to grocery stores
64 % Say parking is easy
59 % Say they plan to stay for at least 5 years
59 % Say yards are well-kept
58 % Say there's holiday spirit
56 % Say it's quiet
48 % Say kids play outside
47 % Say neighbors are friendly
47 % Say there's wildlife
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-29 13:28:56 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-29 13:28:56 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Frequently asked questions about 1616 Cherry Ln
- What is 1616 Cherry Ln estimated to be worth?Trulia's estimated value for 1616 Cherry Ln in Alhambra, CA is $1,142,200.
- What is the price history for 1616 Cherry Ln?1616 Cherry Ln in Alhambra, CA last sold for $825,000 in November 2025.
- Is Alhambra a buyer's or seller's market?Alhambra is currently a seller's market, based on recent for-sale activity.
- What's the median sale price in Alhambra?The median sale price in Alhambra is $854K. That is down $47.17K from the prior month.
- Does 1616 Cherry Ln have air conditioning?Yes, 1616 Cherry Ln in Alhambra, CA has air conditioning.