For Sale
736 Olive Avenue, Long Beach, CA 90813
Overview
Property ID: SGR-20297313
- Residential Income
- 8.00
- 1927
Description
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.
Address
Open on Google Maps- Address 736 Olive Avenue
- City Long Beach
- State/county CA
- Zip/Postal Code 90813
- Area 4 - Downtown Area, Alamitos Beach
- Country United States
Details
Updated on December 22, 2023 at 8:12 pm- Property ID: SGR-20297313
- Price: $3,695,000
- Land Area: 12509.00 m²
- Garages: 8.00
- Year Built: 1927
- Property Type: Residential Income
- Property Status: For Sale
- Living Area: 9679.00
- MLS#: PW23229182
- Office Name: KELLER WILLIAMS - SANTA MONICA
- Agent Name: Robert Stepp
- MLS Status: Active
- Living Area Prefix: Sqft
- Agent State License: 01456379
- IDX Contact Info: 310-463-2916
Additional details
- Sewer: Public Sewer
- County: Los Angeles
- Property SubType: Commercial/Residential
- Parking: 16.00
- Water Source: Public
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