For sale

Listed by: Goodwell Investment Corp • Chan Shyong • Contact: 626-374-8998

$1,180,000

224 N Olive Ave, Alhambra, CA 91801

3beds

2baths

1,734sqft

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Duplex

Built in 1939

-- sqft lot

$1,164,700 Zestimate^®

$681/sqft

$-- HOA

What's special

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. 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.

11 days

479

24

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Appliances

Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 1,734
Total interior livable area: 1,734 sqft

Property

Parking

Total spaces: 3
Parking features: Garage
Garage spaces: 3

Features

Entry location: ground
Pool features: None

Lot

Size: 8,911 Square Feet
Features: 2-5 Units/Acre

Details

Parcel number: 5338023011
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1939

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Suburban

Location

Region: Alhambra

Financial & listing details

Price per square foot: $681/sqft
Tax assessed value: $680,721
Annual tax amount: $8,739
Date on market: 7/6/2026
Cumulative days on market: 11 days
Listing terms: 1031 Exchange

Estimated market value

$1,164,700

$1.11M - $1.22M

$3,307/mo

Price history

Date	Event	Price
7/6/2026	Listed for sale	$1,180,000+113.4%$681/sqft
Source: CRMLS #AR26145987 Report a problem
8/31/2012	Sold	$553,000-2.6%$319/sqft
Source: Public Record Report a problem
4/24/2012	Listed for sale	$568,000$328/sqft
Source: RE/MAX Premier Properties #W12051599 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,739 +2.8%	$680,721 +2%
2024	$8,498 +0.9%	$667,374 +2%
2023	$8,423 +5%	$654,289 +2%
2022	$8,026 +1.1%	$641,461 +2%
2021	$7,942 +0.5%	$628,885 +1%
2020	$7,901	$622,438 +2%
2019	$7,901 +3.6%	$610,235 +2%
2018	$7,630	$598,270 +2%
2017	$7,630 +1.4%	$586,540 +2%
2016	$7,524 +7.2%	$575,040 +1.5%
2015	$7,020 +2.7%	$566,403 +2%
2014	$6,833	$555,309 +28.5%
2012	--	$432,084 +2%
2011	--	$423,613 +0.5%
2009	--	$421,447 +6.1%
2006	--	$397,142
2005	--	$397,142 +23.7%
2003	--	$321,000 +18%
2002	--	$272,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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