805 S Olive Ave - 4 Units on 2 Parcels - No local Rent Control! 4 Unit Apartment Building Offered at $2,149,306 CAD at a 2% Cap Rate Alhambra, CA 91803

Four-unit multifamily asset in one of the most desirable rental markets in the San Gabriel Valley. First time on the market since the 1950's! With favorable CA-1482 guidelines, significant rental upside, potential to convert garages to ADUs [buyer to verify]. Market Rate Rents of +/- $2,300 per unit offers a projected 5.48% stabilized cap rate with a projected Market Rate GRM of 14.31. 805 & 8-7 S Olive Ave offers the flexibility of two separate duplexes situated on two parcels, featuring four ground-level, 2-Bed /1-Bath units, each just under 700sf with large kitchens and in-unit washer/dryer hookups, small private yards, four 1-car garages, plus four additional off-street parking spaces w/potential for two more. Ownership has diligently maintained major systems: installing a new roof in 2025, and performing a sewer line upgrade in 2026.
Thoughtful interior updates and possible ADU conversion will reposition this property into an incredible portfolio asset! Contact Vanessa for Confidential OM.