101 S Olive Ave - Multi-Family FOR SALE


Alhambra, CA 91801
$2,100,000 USD
213-588-3629
101 S Olive Ave, Alhambra, CA for Sale
$2,100,000 USD
Multi-Family - FOR SALE
1/10
null | 4.09% Cap Rate

101 S Olive Ave
Alhambra, CA 91801


HIGHLIGHTS

  • BUNGALOW STYLE UNITS/HOMES
  • VERY LARGE 15,020 SF LOT
  • GARAGES AND ON-SITE PARKING
  • FUTURE DEVELOPMENT POTENTIAL

OVERVIEW

RIA and Compass are pleased to offer for sale a rare multi-family property featuring bungalow-style units on a large 15,020 SF lot, located on a quiet residential street. Featuring spacious, standalone home type units that are all 2Bed+1bath on a large lot yielding the future potential for a redevelopment. At the rear are seven enclosed garages and open parking that accommodate five vehicles. Great upside and excellent desirability amongst other apartment units. Situated in a sought-after Alhambra location near shopping, dining, transit, and major employment centers, the property benefits from consistent rental demand and strong market fundamentals. There are no city specific rent control laws and benefits from falling under California AB1482 rent guidelines/limitations. This is a rare opportunity to acquire unique rental units on a very large lot in one of the San Gabriel Valley’s most reliable rental markets. Email for OM package or call with specific questions. PLEASE DO NOT DISTURB ANY TENANTS.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

4.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alhambra Bungalows

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,020 SF

ZONING

-

APN/PARCEL ID

5343-020-001

ASK ABOUT THIS PROPERTY

Bo KimCompass CommercialMore Info
213-588-3629

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Bo KimCompass CommercialMore Info
213-588-3629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.