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.
Property Details
Price:
$2,300,000
MLS #:
26648997
Status:
Pending
Beds:
14
Baths:
7
Type:
Single Family
Neighborhood:
601alhambra
Listed Date:
Feb 7, 2026
Finished Sq Ft:
7,158
Total Sq Ft:
7,158
Lot Size:
18,901 sqft / 0.43 acres (approx)
Year Built:
1929
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address204 S Olive AV Alhambra CA
- CityAlhambra
- CountyLos Angeles
- Zip Code91801
Subdivisions in Alhambra
Market Summary
Current real estate data for Single Family in Alhambra as of Mar 15, 2026
143
Single Family Listed
60
Avg DOM
218
Avg $ / SqFt
$746,617
Avg List Price
Property Summary
- 204 S Olive AV Alhambra CA is a Single Family for sale in Alhambra, CA, 91801. It is listed for $2,300,000 and features 14 beds, 7 baths, and has approximately 7,158 square feet of living space, and was originally constructed in 1929. The current price per square foot is $321. The average price per square foot for Single Family listings in Alhambra is $218. The average listing price for Single Family in Alhambra is $746,617.
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