1209 Olive Ave Long Beach, CA 90813
Property Features for 1209 Olive Ave
General Information
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1928
Source:
Elliman
Listing Agent: Steven Bogoyevac
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Long Beach Multifamily Investment Property
The property at 1209 Olive Avenue is a six-unit multifamily investment property located in Long Beach, California. The unit mix includes a three-bedroom, one-bathroom home in the front, a two-bedroom, one-bathroom home in the middle, and a two-story fourplex at the rear, consisting of one-bedroom, one-bathroom units. Each unit is separately metered for gas and electricity. The property also includes shared on-site laundry facilities. Situated on the border of the Poly High and Cambodia Town neighborhoods, the property is near the intersection of Anaheim Street and Atlantic Avenue, with convenient access to retail options. Current rents present an opportunity for a new investor to realize a 13 percent rental upside. This property is available as part of a Long Beach portfolio sale, which includes 2032 Pine Avenue, an eight-unit complex, and 1151 Pacific Avenue, a fourplex. The properties can be purchased separately or together.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1831623
- Latitude
- 33.7818712
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Long Beach with rental upside.
Where is this apartment building located?
The property is located at 1209 Olive Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,312,000.
What are key features of this property?
This property features: - Six-unit multifamily property with a mix of unit types offering diverse rental income streams.; - Located in a desirable Long Beach location with a high WalkScore of 91, indicating excellent access to retail.; - Significant rental upside (13 percent) for a new investor.