736 744 Olive Avenue, Long Beach CA, 90813

Active

736 744 Olive Avenue

Long Beach CA, 90813

$3,695,000

$381.75 per sqft

Active

9,679 sqft

Multi-family

Built in 1927

Listed by Robert Stepp with Keller Williams - Santa Monica 310-463-2916

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.

PW23229182

MLSⓇ ID

December 22, 2023

Listed

October 17, 2024

Updated

Map

736 744 Olive Avenue
Long Beach CA, 90813

Interior Features

Total Stories: 2
Laundry Description: Laundry Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.29 Acres
Lot Features: 11-15 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 252
Garage: Yes
Garage Spaces: 8
Parking Total: 16
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR4R

Listing Contact: 310-482-2200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/17/2024 at 1:46 PM UTC