Listed by Eric Chen, CB RICHARD ELLIS, (909) 418-2000 . Bought with CB RICHARD ELLIS
1616 Cherry Ln
Alhambra, CA 91803
- 3 Beds
- 3 Baths
- 1,536 sqft
3 Beds
3 Baths
1,536 sqft
Local Information
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Description
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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from November 22, 2025
Home Highlights
Parking
3 Car Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$537/sqft
Listed
180+ days ago
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 |
Last check for updates: about 2 hours ago
Listed by Eric Chen, (626) 757-5717
CB RICHARD ELLIS
Bought with: Eric Chen, (909) 418-2071, CB RICHARD ELLIS
Originating MLS: California Regional MLS
Source: CRMLS, MLS#CV25203576

Price History for 1616 Cherry Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 11/21/2025 | $825,000 | Sold | CRMLS #CV25203576 |
| 10/27/2025 | $825,000 | Pending | CRMLS #CV25203576 |
| 09/27/2025 | $825,000 | Contingent | CRMLS #CV25203576 |
| 09/09/2025 | $825,000 | Listed For Sale | CRMLS #CV25203482 |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,576 |
| Assessment | $60,977 |
Home facts updated by county records
Comparable Sales for 1616 Cherry Ln
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 | |
0.83 | Multi-Family Home | $1,028,000 | 06/13/25 | 3 | 2 | 1,518 | |
0.65 | Multi-Family Home | $800,000 | 07/31/25 | 2 | 1 | 1,929 | |
0.34 | Multi-Family Home | $1,510,000 | 04/30/26 | 8 | 4 | 2,750 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1616 Cherry Ln.
What Locals Say about Alhambra
At least 727 Trulia users voted on each feature.
90 % Say there are sidewalks
83 % Say it's dog friendly
76 % Say it's walkable to restaurants
74 % Say car is needed
68 % Say it's walkable to grocery stores
67 % Say people would walk alone at night
67 % Say streets are well-lit
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.
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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 2026-02-09 09:51:42 PST 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 2026-02-09 09:51:42 PST 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
Homes for rent near 1616 Cherry Ln
1616 Cherry Ln, Alhambra, CA 91803 is a 3 bedroom, 3 bathroom, 1,536 sqft multi-family built in 1925. This property is not currently available for sale. 1616 Cherry Ln was last sold on Nov 21, 2025 for $825,000 (0% higher than the asking price of $825,000). The current Trulia Estimate for 1616 Cherry Ln is $1,157,700.