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816 S Olive Avenue $1,198,000

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    816 S Olive Avenue Alhambra, CA 91803

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# P1-10841
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    Views: 12 Days On Market: 112

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    Property Details

    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. Kindly do not disturb the tenants. Don't miss this great opportunity!

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.500 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Separate Electric Meters 3
      • Number Of Separate Gas Meters 3
      • Number Of Separate Water Meters 1
      • Number Of Units Total 3
      • Subdivision Name Not Applicable
      • YearBuilt 1958
    • Building Features
      • Appliances None
      • Architectural Style Traditional
      • Cooling Wall/Window Unit(s)
      • Fireplace Features None
      • Flooring Carpet
      • Foundation Details Slab
      • Heating Wall Furnace
      • Laundry Features Individual Room
      • Levels Two
    • Property Features
      • Fencing Block,Chain Link
      • Lot Size Acres 0.1
      • Lot Features Sprinklers None
      • Pool Private Y/N 0
      • Pool Features None
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Parking Total 3.00

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    Neighborhood

    91803 (Alhambra) Demographics

    42 Median Age
    9,212 Population Density (per sq. mile)
    42% College Educated
    $66,169 Estimated Median Income
    4,930 Estimated Total Home Owners
    5,176 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    30,093 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $935,000 Median Sales Price
    3 Homes Sold
    5 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,198,000
        11/9/2022 1:31:45 PM Price Reduced Source: Multiple Listing Service New Value: $1,198,000 -1.64%
        9/30/2022 7:06:29 PM Price Reduced Source: Multiple Listing Service New Value: $1,218,000 -2.56%
        8/10/2022 7:04:00 PM New in Database Source: Multiple Listing Service New Value: $1,250,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 10:20:33 PM. 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, 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.