224 N Olive Ave Alhambra, CA 91801
Alhambra AreaEstimated payment $7,214/month
About This Home
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.
Listing Agent
Goodwell Investment Corp Brokerage Phone: 626-374-8998 License #01876663 Listed on: 07/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 8,911 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,734 Sq Ft Home
- 2-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 7999
- Assessor Parcel Number 5338023011
- $686 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $960
- Insurance Expense $3,608
- Operating Expense $12,316
- Gross Income $48,420
- Net Operating Income $36,104
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,739 | $680,721 | $408,828 | $271,893 |
| 2024 | $8,498 | $667,374 | $400,812 | $266,562 |
| 2023 | $8,423 | $654,289 | $392,953 | $261,336 |
| 2022 | $8,026 | $641,461 | $385,249 | $256,212 |
| 2021 | $7,942 | $628,885 | $377,696 | $251,189 |
| 2020 | $7,901 | $622,438 | $373,824 | $248,614 |
| 2019 | $7,667 | $610,235 | $366,495 | $243,740 |
| 2018 | $7,630 | $598,270 | $359,309 | $238,961 |
| 2016 | $7,020 | $575,040 | $345,357 | $229,683 |
| 2015 | $6,916 | $566,403 | $340,170 | $226,233 |
| 2014 | $6,833 | $555,309 | $333,507 | $221,802 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/06/2026 07/06/26 | For Sale | $1,180,000 | +113.5% | $681 / Sq Ft | |
| 08/30/2012 08/30/12 | Sold | $552,800 | -2.7% | $319 / Sq Ft | View Prior Sale |
| 07/12/2012 07/12/12 | Pending | -- | -- | -- | |
| 06/01/2012 06/01/12 | For Sale | $568,000 | -- | $328 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Grant Deed | $553,000 | Usa National Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $250,000 | New Conventional | |
| Previous Owner | $198,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26145987
APN: 5338-023-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 1201 W Woodward Ave
- 132 N Atlantic Blvd Unit A
- 200 N 5th St Unit 311
- 200 N 5th St
- 134 N 4th St Unit E
- 306 W Woodward Ave Unit B
- 21 N 4th St Unit D
- 511 N Curtis Ave Unit F
- 513 N 3rd St Unit C
- 424 N Electric Ave Unit E
- 309 W Alhambra Rd
- 580 W Main St Unit 220
- 580 W Main St Unit 229
- 580 W Main St Unit 302
- 833 E Florista Ln
- 828 E Florista Ln
- 104 106 E Linda Vista Ave
- 11 S 3rd St Unit 517
- 11 S 3rd St Unit 503
- 101 S 5th St
- 221 N Atlantic Blvd
- 341 N Atlantic Blvd Unit Available
- 307 N Curtis Ave Unit E
- 324 N Electric Ave Unit C
- 408 N Electric Ave Unit F
- 310 N 3rd St Unit A
- 310 N 3rd St Unit B
- 101 N 3rd St Unit 105A
- 212 W Grand Ave
- 521 N Marguerita Ave
- 412 N Bushnell Ave
- 124 S Olive Ave Unit B
- 126 S Olive Ave Unit D
- 412 N Campbell Ave
- 1710 Vine St
- 830 N Olive Ave
- 210 S Curtis Ave
- 808 N 2nd St
- 1819 Cedar St
- 241 S Curtis Ave Unit C
Ask me questions while you tour the home.