224 N Olive, Alhambra, CA 91801
- $1,180,000
- List Price
- $1,180,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- AR26145987
- Year Built
- 1939
- Lot Size
- 8,911
- Acres
- 0.20
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 22
- Property Type
- Multifamily
- Property Sub Type
- Duplex
Property Description
Excellent investment opportunity. Great location with nice environment near down town Alhambra. Spanish style 2 unit duplex on the 8911 square foot lot, which is at residential high density zone that allow you to build 6 units (4 main units plus 2 ADUs) on the lot, and the property owner has the plan design by the architect, which can be provided to the buyers. Please do your own diligence. You can apply for the building permits while still collecting rent from the existing tenants. Don't miss this great investment opportunity. No contingency on Seller's 1031 exchange.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $48,420
- Operating Expense
- 12316
Listing courtesy of Listing Agent: Chan Shyong (johnsonshyong@yahoo.com) from Listing Office: Goodwell Investment Corp.
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.