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Alhambra, CA 91803,816 S Olive AVE
Alhambra, CA 91803,816 S Olive AVE
Alhambra, CA 91803,816 S Olive AVE
$1,100,000
Est. payment /mo
$1,148,000
4.2%
Est.Price: ?

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4,430 Sqft Lot
SOLD DATE : 08/15/2023

Key Details

Sold Price $1,100,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-10841

Year Built 1958

Lot Size 4,430 Sqft

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 601 - Alhambra

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet

Fireplaces Type None

Laundry Laundry Room

Exterior

Parking Features Garage

Garage Spaces 3.0

Garage Description 3.0

Fence Block, Chain Link

Pool None

Community Features Biking

View Y/N No

View None

Building

Lot Description Sprinklers None

Story Two

Foundation Slab

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Reni Rose • Berkshire Hathaway HomeServices California Properties
Bought with HO PHAM • Phamily Management & Realty
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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