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Property view

816 S Olive Avenue, 
Alhambra, CA 91803

$1,100,000


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Reni Rose

Berkshire Hathaway HomeServices California Properties

MLS#

P1-10841

Source:

SANDICOR

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About This Home

816 S Olive Avenue

Excellent opportunity as an investment OR as an owner with income from the other units or as a multi-generational, family complex! First time on the market since 1971, this triplex is located on a street of mostly single-family homes. Each unit offers 2 bedrooms, 1 bathroom with 850 square feet and each has 1 parking space in the garage. There is a separate laundry room where the tenants own their own washing machines. The property is conveniently located near Cal State LA, neighborhood restaurants, Starbucks, entertainment, shopping including Home Depot, Target and Costco and is also near public transportation and Alhambra City Park. It's just minutes away from the 10 Freeway for convenient access to the 710 and 5 Freeways offering an easy commute to downtown LA and to Pasadena. All tenants are long term, and each is month-to-month. There are three electric and gas meters and one water meter. Downstairs unit is currently vacant and was just painted, floors refinished & a new front window. The market rent is likely $2,300 for the lower unit. The rent for the two upper units will be increased to $1,633 beginning Sept 1, 2023. Kindly do not disturb the tenants. Don't miss this great opportunity!

Home Facts

Multi-Family

Price Summary

1,148,000

MLS #:

P1-10841

Sold:

August 15, 2023


Lot

Lot Size (Sq. Ft):

4,429


Finances & Disclosures

Finances

Price:

$1,148,000

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