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101 S Olive Ave - Alhambra Bungalows 7 Unit Apartment Building Offered at $2,100,000 at a 4.09% Cap Rate Alhambra, CA 91801
Investment Highlights
- BUNGALOW STYLE UNITS/HOMES
- GARAGES AND ON-SITE PARKING
- VERY LARGE 15,020 SF LOT
- FUTURE DEVELOPMENT POTENTIAL
Executive Summary
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.
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.
Property Facts
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Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 5343-020-001 | Improvements Assessment | $291,726 |
| Land Assessment | $358,441 | Total Assessment | $650,167 |
Property Taxes
Parcel Number
5343-020-001
Land Assessment
$358,441
Improvements Assessment
$291,726
Total Assessment
$650,167
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101 S Olive Ave - Alhambra Bungalows
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