204 S Olive Avenue, Alhambra, CA 91801
- $2,428,000
- 14
- BD
- 7
- BA
- 7,158
- SqFt
- Sold Price
- $2,428,000
- List Price
- $2,300,000
- Closing Date
- Mar 02, 2026
- Status
- CLOSED
- MLS#
- 26648997
- Year Built
- 1929
- Bedrooms
- 14
- Bathrooms
- 7
- Living Sq. Ft
- 7,158
- Lot Size
- 18,901
- Acres
- 0.43
- Days on Market
- 7
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
RIA and Compass are pleased to offer for sale a rare offering of a multi-family property with bungalow style units on a large 18,895 SF lot on a quiet residential street. The property was purchased decades ago as eight rental units and continued to operate at eight, but the county records show seven units on the site. Buyer to perform their own diligence on the one non-conforming unit. 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 eight enclosed garages and open parking that accommodate eight vehicles. Solid in place rents offer an investor nearly a 5% cap with 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.
Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 7
Listing courtesy of Listing Agent: Alexander Metaxas (ametaxas@riacre.com) from Listing Office: Realty Investment Advisors, Inc..
Listing sold by ANDY AN DUC HUYNH from Pinnacle Real Estate Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.