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201 S Olive Avenue

Alhambra, CA 91801

– beds
– baths
– sqft
9,446 sqft lot
1971 build
– on site

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Bridge investment group is proud to present The Olive apartments, a well maintained 6 unit apartment building located in Alhambra. They don't build apartments like this anymore which is why this property hasn't changed ownership in over 40 years. This property is not rent controlled and has large units with the one bedrooms around 800-850 square feet and the two bedrooms two bath between 1100-1300 square feet. three units have over-sized balconies and two units have very large yards making them appealing to prospective tenants. five of the units are on month to month so new owners can take advantage of rental upside immediately. The laundry machines are leased and the new owner can install their own laundry machines and capture much more income. There are 11 parking spaces, 4 covered, 4 tuck-under and three 3 open/uncovered spaces. Close to downtown Alhambra where everything is, this is the ideal location to own real estate. Seller is a licensed California Real Estate Broker. DO NOT walk on property, tenants do no know property is for sale.

Listed By CRMLS_CA / KEVIN LUTZ / PASADENA MARKET CENTER

Last checked: Checking… • Last updated Nov 8, 2024 •

MLS# WS19138394 —

The Building

Year Built:

1971
Year Built Source:

Public Records
New Construction:

No
Common Walls:

2+ Common Walls
Building Area Total:

6178.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

6
# of Separate Gas Meters:

7
# of Separate Water Meters:

1
# of Separate Electric Meters:

7

Interior

Laundry:

Community
Laundry:

1

Location

Directions:

Olive Avenue & Commonwealth Avenue
Latitude:

34.08911200
Longitude:

-118.13618200

The Property

Zoning:

ALRPD*
Lot Features:

Level with Street
Lot Size Area:

9446.0000
Lot Size Acres:

0.2169
Lot Size SqFt:

9446.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4809.01
Tax Tract:

7781
Tax Lot:

17

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5343021016

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs
Pool:

None
Private Pool:

No
Association:

No

Parking

Parking Spaces:

11.00
Garage Spaces:

11.00

Extra Units

Average 1 Bed Area:

833
Average 2 Bed Area:

1167

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Sale history

Date	Event	Source	Price	% Change
8/21/19 Aug 21, 2019	Sold	CRMLS_CA	$1,960,000	-6.7%
7/22/19 Jul 22, 2019	Pending	CRMLS_CA	$2,100,000
7/17/19 Jul 17, 2019	Sold Subject To Contingencies	CRMLS_CA	$2,100,000

Multifamily Sold on 8/21/2019

$1,960,000

Listing provided by broker:

KEVIN LUTZ

PASADENA MARKET CENTER

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Listing Courtesy of: CRMLS_CA and PASADENA MARKET CENTER. Based on information from California Regional Multiple Listing Service, Inc. as of 18:02 on Nov 14.

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.

201 S Olive Avenue

Alhambra, CA 91801