Sold
816 S Olive Avenue
Alhambra CA, 91803
$1,100,000
Sold
Multi-family
Built in 1958
Listed by Reni Rose with Berkshire Hathaway HomeServices California Properties (626) 355-1600
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!
P1-10841
MLSⓇ ID
August 2, 2022
Listed
March 23, 2024
Updated
Map
816 S Olive Avenue
Alhambra CA, 91803
Interior Features
Total Stories
2
Laundry Description
Laundry Room
Floor Description
Carpet
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Sprinklers None
Architectual Style
Traditional
Sewer
Public Sewer
Other Property Details
Area Name
601 - Alhambra
Days on Market
335
Garage
Yes
Garage Spaces
3
Parking
Garage
Parking Total
3
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
8/15/2023 | Price Change | $1,100,000 -5% |
8/15/2023 | Sold | $1,100,000 |
7/17/2023 | Under Contract | — |
4/21/2023 | Price Change | $1,148,000 -5% |
4/17/2023 | Active | — |
Listing Contact: (626) 355-1600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:18 AM UTC