$3,695,000
- Beds
- Unknown
- sq ft
- 9,679
736 744 Olive Ave, Long Beach, CA 90813
736 744 Olive Ave
Long Beach, CA 90813
- 281 days on market
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.
Details
Property type
Mixed Use
Lot size
0.2872 acres
Price per sq ft
$382
Year built
1927
Price History
12/22/2023
CRMLS #PW23229182
Listed
$3,695,000
Schools & Community
Neighborhood:
East Village
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Active
Tomo last checked: 09/27/2024 at 7:20 PM
Listing updated: 08/30/2024 at 9:35 AM
Listed by: Robert Stepp, Keller Williams - Santa Monica Phone #: (310) 482-2200
MLS: CRMLS #PW23229182
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