$3,695,000 - 736 744 Olive Avenue, Long Beach
- 8Beds
- 4Baths
- 0SQ. Feet
- 0.29Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:PW23229182
- Price:$3,695,000
- Bedrooms:8
- Bathrooms:4.00
- Acres:0.29
- Year Built:1927
- Type:Residential Income
- Sub-Type:Mixed Use
- Status:Active
- Listing Agent:Robert Stepp
- Listing Office:Keller Williams - Santa Monica
Community Information
- Address:736 744 Olive Avenue
- Area:4 - Downtown Area, Alamitos Beach
- Subdivision:Alamitos Beach (AB)
- City:Long Beach
- County:Los Angeles
- Zip Code:90813
Amenities
- Parking Spaces:16
- # of Garages:8
- Pool:None
Interior
- # of Stories:2
Exterior
- Lot Description:11-15 Units/Acre
Additional Information
- Date Listed:December 21st, 2023
- Days on Market:132
- Zoning:LBR4R
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Back to ResultsAlamitos Beach (ab)
- City:
- Long Beach
- Price Range:
- $960,000 - $7,100,000
- Current Listings:
- 27
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Belmont Heights (bh)
- City:
- Long Beach
- Price Range:
- $1,150,000 - $3,300,000
- Current Listings:
- 11
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 6:45am CDT. 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, 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.