One property on two parcels! 805 & 807 S Olive Ave. **Rare 4-Unit Opportunity*** perfect for Multigenerational Living, Owner Occupancy or Investment in a Prime Alhambra Location! Currently, Alhambra has no additional rent control other CA State AB1482 guidelines.
Exceptional opportunity to acquire two adjacent duplex parcels totaling four residential units in a desirable Alhambra neighborhood. Each unit offers a 2-bedroom, 1-bathroom layout with a highly sought-after single-story, ground-level design — ideal for broad appeal.
Each unit features just under 700 square feet of living space with large kitchens and washer/dryer hookups in unit, and include small side/rear yards. Parking is a standout amenity with four detached single-car garages plus four additional off-street spaces — an uncommon benefit for small multifamily properties in this area.
Live in one unit while generating rental income from the others. The low-density layout provides privacy and flexibility and offers substantial upside potential through thoughtful interior updates. Possible potential to convert garages to ADUs [Buyer to verify].
This property has been in the same family for decades and they have kept up with regularly scheduled maintenance and replaced the roof in 2025 and upgraded the sewer line.
Located near shopping, dining, schools, and major commuter corridors, this property benefits from strong ongoing demand in the San Gabriel Valley for both rental housing and owner-user multifamily opportunities.
Properties offering this combination of flexibility, income potential, and long-term appreciation are increasingly limited in Alhambra. Don't wait!
Sold for $1,510,000
Listed by: Coldwell Banker Realty • Vanessa McCoy • Contact: 805-495-1048
Bought with: Phamily Management & Realty
$1,510,000
805 S Olive Ave, Alhambra, CA 91803
8beds
4baths
2,750sqft
Quadruplex
Built in 1951
-- sqft lot
$756,800 Zestimate®
$549/sqft
$2,402 Estimated rent
Home value
$756,800
$689,000 - $832,000
$2,402/mo
Zestimate® history
Owner options
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$9,589/mo
Est. payment
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$9,589/mo
Est. payment
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List your homeWhat's special
Single-story ground-level designFour detached single-car garagesLarge kitchens
Zillow last checked:
Listing updated:
Listed by:
Vanessa McCoy DRE #01986841 818-522-4571,
Coldwell Banker Realty
Bought with:
HO PHAM, DRE #01986666
Phamily Management & Realty
Source: CRMLS,MLS#: SR26041884
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Rooms
- Room types: Bedroom, Laundry, Living Room
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Free-Standing Range, Gas Range
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Kitchen
Features
- All Bedrooms Down, Bedroom on Main Level
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall,End Unit,No One Above,No One Below
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
Property
Parking
- Total spaces: 8
- Parking features: Asphalt, Door-Single, Driveway, Garage Faces Front, Garage
- Garage spaces: 4
- Uncovered spaces: 4
Accessibility
- Accessibility features: No Stairs, Accessible Doors, Accessible Entrance
Features
- Levels: One
- Stories: 1
- Entry location: Ground floor
- Pool features: None
- Spa features: None
- Fencing: Wood
Lot
- Size: 8,979 Square Feet
- Features: 2-5 Units/Acre, Front Yard, Garden, Lawn, Yard
Details
- Additional parcels included: 5350020008
- Parcel number: 5350020007
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1951
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected, Overhead Utilities
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Suburban, Sidewalks
- Security: Security Lights
Location
- Region: Alhambra
Financial & listing details
- Price per square foot: $549/sqft
- Tax assessed value: $52,155
- Annual tax amount: $1,200
- Date on market: 3/9/2026
- Listing terms: Cash to New Loan
- Exclusions: Tenants personal property
- Total actual rent: 3200
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Sold | $1,510,000-4.4%$549/sqft |
Source:  CRMLS #SR26041884 Report a problem | ||
| 3/23/2026 | Pending sale | $1,580,000$575/sqft |
Source: CRMLS #SR26041884 Report a problem | ||
| 3/19/2026 | Contingent | $1,580,000$575/sqft |
Source: CRMLS #SR26041884 Report a problem | ||
| 3/9/2026 | Listed for sale | $1,580,000$575/sqft |
Source: CRMLS #SR26041884 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,200 +2.6% | $52,155 +2% |
| 2024 | $1,170 -5.9% | $51,133 +2% |
| 2023 | $1,244 +2.8% | $50,131 +2% |
| 2022 | $1,210 +1.4% | $49,149 +2% |
| 2021 | $1,194 +0.4% | $48,186 +1% |
| 2020 | $1,189 | $47,693 +2% |
| 2019 | $1,189 +7.1% | $46,759 +2% |
| 2018 | $1,110 | $45,843 +2% |
| 2017 | $1,110 +1% | $44,945 +2% |
| 2016 | $1,099 +5.8% | $44,065 +1.5% |
| 2015 | $1,038 +0.7% | $43,404 +2% |
| 2014 | $1,031 | $42,554 +2.5% |
| 2012 | -- | $41,533 +2% |
| 2011 | -- | $40,720 +0.8% |
| 2010 | -- | $40,416 -0.2% |
| 2009 | -- | $40,513 +2% |
| 2008 | -- | $39,720 +2% |
| 2007 | -- | $38,942 +2% |
| 2006 | -- | $38,179 |
| 2005 | -- | $38,179 +4% |
| 2004 | -- | $36,698 +1.9% |
| 2003 | -- | $36,026 +2% |
| 2002 | -- | $35,320 +4% |
| 2000 | -- | $33,951 |
Find assessor info on the county website
Neighborhood: 91803
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Nearby schools
GreatSchools rating
- 8/10William Northrup Elementary SchoolGrades: K-8Distance: 0.2 mi
- 8/10Alhambra High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$756,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$756,800
- California
- Los Angeles County
- Alhambra
- 91803
- 805 S Olive Ave
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