736 744 Olive Avenue
Long Beach, CA 90813
Active for $3,695,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 12,509 sqft
| MLS | PW23229182 |
| Year Built | 1927 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $3,695,000 |
| Structure Size | N/A sqft |
| Lot Size | 12,509 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Robert Stepp, Keller Williams - Santa Monica . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Vardan Pirnazari
REALTOR®
Direct: 818.624.7592
Email: Email Me
DRE: 02232655
DRE #01873088
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