816 South Olive Avenue

816 South Olive Avenue

Alhambra, CA 91803

$1,100,000
Last Sold Price
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Beds
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per Sq. Ft.

Closed 8/15/23

Closed 8/15/23

816 S Olive Ave _8
a front view of a house with a yard
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a living room with furniture and a flat screen tv
a living room with furniture and a large window
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a kitchen with a sink stove and cabinets
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a kitchen with a sink stove and a window
a bathroom with a sink a toilet and shower
a bedroom with a bed and cabinets
a bedroom with a bed and a desk
a bedroom with a bed and a tv
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a view of a livingroom with furniture and a flat screen tv
a bedroom with a bed and a flat screen tv
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a room with furniture and a flat screen tv
a bathroom with a toilet and a sink
a bathroom with a toilet and a shower
a bedroom with a bed and a chandelier
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a bedroom with a bed and a flat screen tv
a bedroom with a bed and a window
a room with furniture and a fireplace
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a view of an empty room with a window and wooden floor
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an empty room with windows and chandelier fan
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a bathroom with double vanity sink a mirror and a bathtub
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816 S Olive Ave _1
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Description

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,...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. Downstairs unit is currently vacant and was just painted, floors refinished & a new front window. The market rent is likely $2,300 for the lower unit. The rent for the two upper units will be increased to $1,633 beginning Sept 1, 2023. Kindly do not disturb the tenants. Don't miss this great opportunity!
  1. Listed by Reni Rose • DRE #00975915 • Berkshire Hathaway HomeServices California Properties

Property Details for 816 South Olive Avenue

Architectural Style
Traditional
Subdivision Name
Not Applicable
Garage Spaces
3.00
View
None

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Reni Rose, DRE #00975915

Sold By Phamily Management & Realty, HO PHAM, DRE #01986666

Add your commute
LISTING UPDATED: 08/15/2023 03:26 PM

Property Details for 816 South Olive Avenue

StatusClosed
MLS #P1-10841
Days on Market335
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1958
Lot Size0.10 AC / 4,429 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Reni Rose, DRE #00975915

Sold By Phamily Management & Realty, HO PHAM, DRE #01986666

Add your commute

Building Information for 816 South Olive Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.10 AC / 4,429 SF

Payment Calculator

$6,164 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$161

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 816 South Olive Avenue

Summary
Location and General Information
  • Community Features: Biking
  • City: Alhambra
  • Direction Faces: West
  • Directions: West of S. GarfieldNorth of W. Valley Blvd.
  • Area: 601 - Alhambra
  • Postal Code Plus4: 2276
  • Unparsed Address: 816 South Olive Avenue, Alhambra, CA 91803
Parking
  • Parking Features: Garage
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .10
  • Lot Size Square Feet: 4,429.00
  • Lot Size Area: 4,429.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5350020027
  • Property Type: Residential Income
  • Property Sub Type: Triplex
Property and Assessments
  • Common Walls: 1 Common Wall
  • Documents Count: 2
  • Property Attached: Yes
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Sewer: Public Sewer
  • Water Sewer Expense: $1,924.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Block, Chain Link
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Private: No
  • Spa Features: None
  • Spa: No
Interior Features
  • Appliances: None
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: Individual Room
  • View: No
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $66,792.00
  • Net Operating Income: $59,918.00
  • Insurance Expense: $2,189.00
  • Number Of Buildings: 1
  • Operating Expense: $6,874.00
  • Other Expense: $931.00
  • Special Listing Conditions: Trust
  • Trash Expense: $1,230.00

Property History for 816 South Olive Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 816 South Olive Avenue

Taxable ValueLand$27,779Additions$51,337Total$79,116
Tax Record2023$1,933 ($161 / month)
Home Facts
Total Finished SqFt2,611 SqFtAbove Grade Finished SqFt2,611 SqFtLot Size4,429 SqFtStyleTriplexYear Built1958ZoningALRPD*CountyLOS ANGELESAPN5350-020-027

Schools near 816 South Olive Avenue

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
William Northrup Elementary School
Public - K to 8
Alhambra High School
Public - 9 to 12
Independence High (Alternative) School
Public - 9 to 12
Century High School
Public - 9 to 12
Rating
School
Distance
William Northrup Elementary School
PublicK to 8

Alhambra High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Century High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Reni Rose, DRE #00975915

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.