Listing photo for 201 S Olive Avenue, Alhambra, CA

201 S Olive Avenue,

Alhambra, CA


6,178 Sqft
0.22 Acres

Bridge investment group is proud to present The Olive apartments, a well maintained 6 unit apartment building located in Alhambra. They don't build apartments like this anymore which is why this property hasn't changed ownership in over 40 years. This property is not rent controlled and has large units with the one bedrooms around 800-850 square feet and the two bedrooms two bath between 1100-1300 square feet. three units have over-sized balconies and two units have very large yards making them appealing to prospective tenants. five of the units are on month to month so new owners can take advantage of rental upside immediately. The laundry machines are leased and the new owner can install their own laundry machines and capture much more income. There are 11 parking spaces, 4 covered, 4 tuck-under and three 3 open/uncovered spaces. Close to downtown Alhambra where everything is, this is the ideal location to own real estate. Seller is a licensed California Real Estate Broker. DO NOT walk on property, tenants do no know property is for sale.

Facts & Features
MLS® # WS19138394
Price $2,100,000
Bathrooms 0.00
Square Footage 6,178
Acres 0.22
Year Built 1971
Type Residential Income
Status Closed
Community Information
Address 201 S Olive Avenue
Area Alhambra (601)
City Alhambra
County Los Angeles
State CA
Zip Code 91801
Parking Spaces 11
Is Waterfront No
Has Pool No
Fireplace No
Lot Description Level with Street
Additional Information
Date Listed June 12th, 2019
Days on Market 30
Zoning ALRPD*
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Agent Kevin Lutz(00925595)

Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2020 at 2:46pm CDT. 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.

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