$1,100,000
$1,148,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
816 S Olive AVE Alhambra, CA 91803
4,430 Sqft Lot
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
Sold Date 08/15/23
HOA Y/N No
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
Fireplace No
Laundry Laundry Room
Exterior
Garage Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Block, Chain Link
Pool None
Community Features Biking
View Y/N No
View None
Total Parking Spaces 3
Private Pool No
Building
Lot Description Sprinklers None
Faces West
Story Two
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Others
Senior Community No
Tax ID 5350020027
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Trust
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Bought with HO PHAM • Phamily Management & Realty