$3,695,000
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Olive Avenue Avenue Long Beach, CA 90813
Mixed Use
Residence
Beds
Baths
9,679
Sq. Ft.
0.29
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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736-742 Olive is a 12-unit apartment building located in Long Beach, CA. The property is priced at a 6.0% cap rate and an 11.56 GRM on current rents.
Built in 1927, the property includes (2) studios, (1) 5BD/2BA unit, and (9) 3BD/1BA units. Parking is available on-site with eight (8) garages and ...eight (8) surface spaces. The majority of the units have been updated with new flooring, paint and countertops. New ownership can generate additional upside by converting garages to ADUs, without losing surface parking in the interior courtyards. With a 91 Walk Score, the asset is well located near vibrant Downtown Long Beach and Alamitos Beach.
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MLS#
PW23229182
Property Type
Mixed Use
Status
Year Built
1927
Square Feet
9,679
sq. ft
Lot Size
0.29
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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