Alhambra Real Estate & Homes for Sale in California
Located less than 10 miles east of downtown Los Angeles, Alhambra is known as the “Gateway to the San Gabriel Valley.” The town’s Spanish influence dates back to 1771 when a land grant led to the establishment of the nearby San Gabriel Mission. Real estate in Alhambra consists primarily of single-family homes, though some condominiums and townhouses are also available.
Alhambra’s favorable location provides access to a variety of recreational and cultural activities. While residents are very close to the sunny beaches along the Pacific Ocean, they are also within an hour and a half of the desert or a snowy mountain ski resort. Additionally, this quiet, charming town is only a couple of minutes from one of the nation’s most important business and entertainment centers.
Recreational activities abound in Alhambra. Golf enthusiasts will enjoy playing at the town’s municipal course or hitting a couple of buckets at the tri-level driving range. Two city-run pools offer a number of special programs, including water aerobics, skin diving, youth and adult swim classes, lifeguard training and competitive swim teams. The city also provides classes for a range of activities, including badminton, baseball, basketball, dance, martial arts, soccer and volleyball to name just a few.
Alhambra also boasts a fun downtown with streets full of cute shops and a wide array of dining opportunities. On Friday and Saturday nights, residents can enjoy the live music and other street entertainment. Farmers’ markets are a popular weekly event.
The most popular real estate option in Alhambra is a single-family home. Many are built in the traditional single-story ranch style. The majority of homes come with a limited amount of land with prices typically ranging between $300,000 and $850,000 with large luxury homes and estate-style properties at the higher end of the range. Some of Alhambra's homes include swimming pools, multiple fireplaces and scenic views of the city lights. Condominiums and townhouses in Alhambra generally cost between $200,000 and $550,000. Many properties boast scenic hill, mountain or city lights views, and some offer access to community amenities such as swimming pools and hot tubs.
Alhambra Real Estate Stats and Trends for the week of September 19th, 2019: homes priced around $745,900 compared to $742,000 the previous week, for a slight increase of less than +1%. For Thursday, September 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.
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