805 S Olive AVE Alhambra, CA 91803

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!