REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,695,000
Est. payment /mo
Active
736 744 Olive AVE Long Beach, CA 90813
0.29 Acres Lot
UPDATED:
08/30/2024 04:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23229182
Originating Board California Regional MLS
Year Built 1927
Lot Size 0.287 Acres
Property 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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 16.0
Pool None
Building
Water District - Public
Others
Tax ID 7274020038
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Robert Stepp • Keller Williams - Santa Monica