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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!
| DAYS ON MARKET | 24 | LAST UPDATED | 3/9/2026 |
|---|---|---|---|
| YEAR BUILT | 1951 | COMMUNITY | 601 - Alhambra |
| GARAGE SPACES | 4.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Mar 9, '26 | $1,528,888 |
|---|---|
| Mar 9, '26 - Today | $1,580,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Free-Standing Range, Gas Range |
| AREA | 601 - Alhambra |
| EXTERIOR | Garden |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 8978 sq ft |
| LOT DESCRIPTION | Front Yard, Garden |
| LOT DIMENSIONS | 8979 |
| PARKING | Asphalt, Driveway, Garage Faces Front, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Traditional |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/17/26 4:27 AM PDT 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
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