250 Olive ST, Claremont, CA 91711
250 Olive ST, Claremont, CA 91711
250 Olive ST, Claremont, CA 91711
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$1,850,000
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0.63 Acres Lot
Price Dropped by $150K

250 Olive ST Claremont, CA 91711

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR26031614

HOA Y/N No

Year Built 1947

Lot Size 0.631 Acres

Property Sub-Type Mixed Use

Property Description

This six-unit apartment building offers exceptional upside potential, with the City of Claremont indicating that up to eight additional units may be possible to build on the property (buyer to verify). The property features a recently painted exterior, enhancing its curb appeal. Three of the units have been freshly renovated, with one currently vacant undergoing a remodel.
The unit mix includes four 1-bedroom/1-bath units and two 2-bedroom/1-bath units. The building is separately metered for gas and electricity, providing convenience for tenants and efficient management for ownership. Additionally, there are 7 detached garages on the property, offering extra income potential or convenient storage options for tenants.
Ideally located just three blocks from the Claremont Colleges—a prestigious consortium that includes Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College, and Keck Graduate Institute—this property benefits from strong rental demand.
Claremont is renowned for its highly regarded educational institutions, tree-lined streets, and historic architecture. The city is primarily residential, with vibrant commercial activity centered around The Village, a popular destination featuring charming street-front shops, boutiques, art galleries, offices, and restaurants adjacent to and west of the Claremont Colleges.

Location

State CA

County Los Angeles

Area 683 - Claremont

Interior

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Garage, Private

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Near National Forest, Urban

Total Parking Spaces 7

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8313026030

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard


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Listed by Peter Aguilar Circle Real Estate #02085499

Nearby Locations

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OB Juncal

OB Juncal

Broker | License ID: 01484096

+1(760) 994-2404

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250 Olive ST