805 S Olive Avenue, Alhambra, CA 91803
- $1,510,000
- Sold Price
- $1,510,000
- List Price
- $1,580,000
- Closing Date
- Apr 30, 2026
- Status
- CLOSED
- MLS#
- SR26041884
- Year Built
- 1951
- Lot Size
- 8,979
- Acres
- 0.21
- Lot Location
- 2-5 Units/Acre, Front Yard, Garden, Lawn, Yard
- Days on Market
- 68
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
One property on two parcels! 805 & 807 S Olive Ave. **Rare 4-Unit Opportunity*** perfect for Multigenerational Living, Owner Occupancy or Investment in a Prime Alhambra Location! Currently, Alhambra has no additional rent control other CA State AB1482 guidelines. Exceptional opportunity to acquire two adjacent duplex parcels totaling four residential units in a desirable Alhambra neighborhood. Each unit offers a 2-bedroom, 1-bathroom layout with a highly sought-after single-story, ground-level design — ideal for broad appeal. Each unit features just under 700 square feet of living space with large kitchens and washer/dryer hookups in unit, and include small side/rear yards. Parking is a standout amenity with four detached single-car garages plus four additional off-street spaces — an uncommon benefit for small multifamily properties in this area. Live in one unit while generating rental income from the others. The low-density layout provides privacy and flexibility and offers substantial upside potential through thoughtful interior updates. Possible potential to convert garages to ADUs [Buyer to verify]. This property has been in the same family for decades and they have kept up with regularly scheduled maintenance and replaced the roof in 2025 and upgraded the sewer line. Located near shopping, dining, schools, and major commuter corridors, this property benefits from strong ongoing demand in the San Gabriel Valley for both rental housing and owner-user multifamily opportunities. Properties offering this combination of flexibility, income potential, and long-term appreciation are increasingly limited in Alhambra. Don't wait!
/u.realgeeks.media/jujuanvideau4realtor/CB_Envision#2.jpg)
Additional Information
- Appliances
- Free-Standing Range, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down, Bedroom on Main Level
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $38,400
- Operating Expense
- 8400
Listing courtesy of Listing Agent: Vanessa McCoy (vmccoyhere@gmail.com) from Listing Office: Coldwell Banker Realty.
Listing sold by HO PHAM from Phamily Management & Realty
Mortgage Calculator
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.