Alhambra, CA 91803,816 S Olive Avenue
$1,100,000
$1,148,000
4.2%
Est.Price: ?

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6 BD
4,429 Sqft Lot

816 S Olive Avenue Alhambra, CA 91803

Est. payment /mo
SOLD DATE : 08/15/2023

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Key Details

Sold Price $1,100,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRP1-10841

Sold Date 08/15/23

Bedrooms 6

HOA Y/N No

Year Built 1958

Lot Size 4,429 Sqft

Acres 0.1

Property Description

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!

Location

State CA

County Los Angeles

Area Alhambra

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet

Fireplace No

Laundry Laundry Room

Exterior

Exterior Feature Other

View Y/N false

View None

Parking Type Other

Total Parking Spaces 3

Building

Lot Description Other

New Construction No

Others

Tax ID 5350020027

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Bridge MLS
Listed by Reni Rose • Berkshire Hathaway HomeServices California Properties
Bought with HoPham

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