821 S Olive Avenue

    Alhambra, CA 91803
    • $899,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: WS20048076
    $899,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,364
      SQFT
    • $659
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Calling all investors or first-time buyers! Here's an amazing opportunity to purchase a remarkable Duplex in the City of Alhambra. Whether you're looking to add a new investment to your portfolio or looking to invest in your first real estate property, this property has it all with an amazing Cap Rate of 4.6%! Each unit features a 1 car garage, 2 bedrooms, 1 full bathroom, a living room, dining room, and laundry in the kitchen area. The property has been extensively remodeled inside and out and will allow you to generate rental income with worry-free maintenance for years to come. Within a one mile radius, you will find shopping centers such as Costco, Home Depot, and Albertsons. Alhambra's main street is a great place for locals to enjoy nightlife with plenty of restaurants, local bars, and a movie theater. It also offers easy access to the 10 and 710 freeway. A short walking distance to the metro bus stop on Valley and Atlantic Blvd will allow convenient access to plenty of local cuisine restaurants, supermarkets, and shopping centers.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. 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 deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

    www.laffinsrealestate.com/homes/103882348

    821 S Olive Avenue Alhambra, CA 91803

    • Price: $899,000
    • Status: Active
    • ID#: WS20048076
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,364
    SQFT
    $659
    $/SQFT
    1954
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    Calling all investors or first-time buyers! Here's an amazing opportunity to purchase a remarkable Duplex in the City of Alhambra. Whether you're looking to add a new investment to your portfolio or looking to invest in your first real estate property, this property has it all with an amazing Cap Rate of 4.6%! Each unit features a 1 car garage, 2 bedrooms, 1 full bathroom, a living room, dining room, and laundry in the kitchen area. The property has been extensively remodeled inside and out and will allow you to generate rental income with worry-free maintenance for years to come. Within a one mile radius, you will find shopping centers such as Costco, Home Depot, and Albertsons. Alhambra's main street is a great place for locals to enjoy nightlife with plenty of restaurants, local bars, and a movie theater. It also offers easy access to the 10 and 710 freeway. A short walking distance to the metro bus stop on Valley and Atlantic Blvd will allow convenient access to plenty of local cuisine restaurants, supermarkets, and shopping centers.
    Exterior Features

    Garage Spaces 2.00 Lot Features Front YardPaved Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features In Kitchen

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.60 Community Features SidewalksStreet Lights Country Us Elevation Units Feet Exclusions Staging items Gross Income 55200.00 Gross Scheduled Income 55200.00 Inclusions Stove Insurance Expense 800.00 Land Lease YN No Laundry YN Yes Net Operating Income 41787.00 New Construction YN No New Taxes Expense 10213.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 13413.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 13413.00 Trash Expense 600.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Alrpd*

    Listing provided courtesy of Tony Ma of Compass-Pasadena


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. 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 deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

     
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    Chico CA, 95926