
Claremont, California 91711
Analysis of 250 Olive Street, Claremont, California 91711 is currently available with a list price of $1,850,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Claremont Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1947, the property is well-maintained with significant recent capital improvements. Three units are freshly renovated (<5 years) with modern kitchens (stainless appliances, new cabinetry), updated bathrooms, and new flooring, meeting 'excellent' criteria individually. The exterior is recently painted and systems are updated with separate metering and mini-split HVAC in renovated units. The 'good' rating reflects the overall building status as some units still offer 'upside potential' (unrenovated).
The expansive 27,477 sqft lot offers rare potential to add up to eight additional units, providing a massive opportunity for value-add investors to increase density and cash flow.
Located just three blocks from the prestigious Claremont Colleges, the property is positioned in a high-demand rental market with a consistent pool of academic and professional tenants.
The building features separate meters for gas and electricity alongside seven detached garages, which reduces owner overhead while providing additional monthly income opportunities.
The property was recently sold within the past year on 2025-07-25. The sold price is $1,250,000.00.
Built in 1947, the property may possess aging plumbing, electrical, or structural components that could require significant capital expenditure beyond the recent cosmetic renovations.
A series of significant price reductions from the original $2.25M listing suggests initial overvaluation and may reflect buyer hesitation regarding the current cap rate or financing environment.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1947 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 25, 2026
$1,850,000
$2,000,000
-7% Price Drop
Initial Listing
Mar 13, 2026
$2,000,000
$2,250,000
-11% Price Drop
Initial Listing
Feb 11, 2026
$2,250,000
Initial Listing
Jul 25, 2025
$1,250,000
Public Record