805 S Olive Ave - Multi-Family FOR SALE


Alhambra, CA 91803
$1,580,000 USD
818-522-4571
805 S Olive Ave, Alhambra, CA for Sale
$1,580,000 USD
Multi-Family - FOR SALE
1/8
null | 2% Cap Rate

805 S Olive Ave
Alhambra, CA 91803


HIGHLIGHTS

  • Under CA State AB1482 - No additional local rent control in Alhambra
  • Ground Floor - no stairs - Outdoor spaces
  • Excellent Parking - Potential to convert garages - Buyer to verify

OVERVIEW

Four-unit multifamily asset in one of the most desirable rental markets in the San Gabriel Valley. First time on the market since the 1950's! With favorable CA-1482 guidelines, significant rental upside, potential to convert garages to ADUs [buyer to verify]. Market Rate Rents of +/- $2,300 per unit offers a projected 5.48% stabilized cap rate with a projected Market Rate GRM of 14.31. 805 & 8-7 S Olive Ave offers the flexibility of two separate duplexes situated on two parcels, featuring four ground-level, 2-Bed /1-Bath units, each just under 700sf with large kitchens and in-unit washer/dryer hookups, small private yards, four 1-car garages, plus four additional off-street parking spaces w/potential for two more. Ownership has diligently maintained major systems: installing a new roof in 2025, and performing a sewer line upgrade in 2026. Thoughtful interior updates and possible ADU conversion will reposition this property into an incredible portfolio asset! Contact Vanessa for Confidential OM.

FOR SALE DETAILS

PRICE

$1,580,000 USD

PRICE/SF

$575 USD /SF

# OF UNITS

4

PRICE/UNIT

$395,000

CAP RATE

2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units on 2 Parcels - No local Rent Control!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,979 SF

ZONING

ALRPD

APN/PARCEL ID

5350-020-007,5350-020-008

ASK ABOUT THIS PROPERTY

Vanessa McCoyColdwell Banker Commercial RealtyMore Info
818-522-4571

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Vanessa McCoyColdwell Banker Commercial RealtyMore Info
818-522-4571

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