250 Olive Street, Claremont, California 91711, Claremont, 91711 - bed, bath

250 Olive Street
Claremont, California 91711
Property Price
SUMMARY
Analysis of 250 Olive Street, Claremont, California 91711 is currently available with a list price of $2,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Originally built in 1947, the property is a mix of updated and vintage components. While the exterior has been recently painted and two of the six units are freshly renovated with modern flooring and updated kitchens, the remaining four units likely retain older finishes. Given the age of the infrastructure and the inconsistency in unit conditions, the property requires further modernization to meet current market standards for a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Upside
The property offers massive value-add potential with the City indicating the possibility of constructing up to eight additional units on the expansive 27,477 sqft lot.
- Strategic Institutional Proximity
Located just three blocks from the prestigious Claremont Colleges, the property is perfectly positioned to capture consistent, high-quality rental demand from students and faculty.
- Optimized Revenue Streams
Separate metering for gas and electricity combined with seven detached garages provides ownership with efficient management and multiple avenues for ancillary income.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-07-25. The sold price is $1,250,000.00.
- Vintage Infrastructure
Originally constructed in 1947, the building may require significant ongoing capital expenditure for the maintenance or modernization of aging structural and mechanical systems.
- Inconsistent Unit Condition
With only two of the six units recently renovated, the property requires further immediate investment in the remaining four units to achieve uniform market-rate rents.
About 250 Olive Street
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. Two of the units have been freshly renovated, with one currently vacant. 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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1947
- Lot Size
- 27,477 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| 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% |
Pricing History
Listed for Sale
Feb 11, 2026
$2,250,000
Initial Listing
Sold
Jul 25, 2025
$1,250,000
Public Record
















