$875,000
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1201 Olive Avenue Long Beach, CA 90813
Fourplex
Residence
Beds
Baths
2,552
Sq. Ft.
0.15
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Introducing 1201 Olive Avenue, a charming Craftsman property with four units, perfect for investors or those seeking multi-family living in a prime location. The front house is a beautifully remodeled Craftsman-style home, offering 3 bedrooms and 1 bath. It boasts a welcoming porch, a brand-new kitc...hen with modern cabinets, countertops, and flooring, plus a spacious bathroom. Laundry hookups are conveniently included.
The middle unit is a detached 2-bedroom, 1-bath home, offering privacy and potential. At the rear of the property, you'll find two additional units. The downstairs unit is a cozy 1-bedroom, 1-bath with its own garage, while the upstairs unit features 2 bedrooms and 1 bath, perfect for additional rental income or extended family.
This property is uniquely positioned with both a rear alley and a side alley that runs along the property, giving it the feel of a corner lot and adding flexibility for potential parking expansion. The large lot offers even more opportunity for future development or additional parking spaces. All units are individually sub-metered for gas and electric, making it easy to manage.
While the property could use some TLC, it is priced to sell and has immense potential. Additionally, this property is located in an area eligible for the Ladder Up Home Loan Grant, offering up to $50,000 in grant credits for qualified owner-occupant buyers who meet eligibility requirements.
This is a rare opportunity to secure a multi-unit property in a prime location with financial assistance available. Don’t miss out on this exceptional investment!
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MLS#
PW24198055
Property Type
Fourplex
Status
Year Built
1919
Square Feet
2,552
sq. ft
Lot Size
0.15
Stories
1.0
Sewer
Public Sewer
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