$1,798,000 - 2515 Olive Avenue, Long Beach

  • 0Beds
  • Baths
  • 4,185SQ. Feet
  • 0.28Acres

2515 Olive Ave is an 8-unit apartment building located in the desirable Northeast pocket of Long Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. This 4,185 SF building was built in 1953 and is situated on a 12,310SF lot. 2513 Olive Ave offers an ideal unit mix consisting of (1) 2-bed/1-bath unit and (7) 1-bed/1-bath units. The building has been well maintained and features a large driveway with 10 parking spots and a detached 2-car garage. The building features on-site laundry and new drought resistance landscaping including new sprinkler system, new grass, and new brick planters. The entire property has undergone the following renovations: new exterior light fixtures/floodlights, four new wall heaters, new seamless gutter and downspouts, new driveway concrete, exterior steps sealed and coated. ALL UNITS ARE FULLY RENOVATED with new vinyl flooring, new paint, upgraded LED electrical finishes, fans in bedroom/ living rooms, new SS stoves, and rebuilt kitchen cabinets. Given the property’s ideal location, strong unit mix, and significant upside in rent potential, 2515 Olive Ave is an excellent investment opportunity for any buyer seeking growth, stability, and a hedge against inflation.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:SB20024630
  • Price:$1,798,000
  • Bathrooms:0.00
  • Square Footage:4,185
  • Acres:0.28
  • Year Built:1953
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:2515 Olive Avenue
  • Area:North Long Beach (7)
  • Subdivision:North Long Beach (NLB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90806

Amenities

  • Parking Spaces:10
  • # of Garages:2

Exterior

  • Lot Description:Sprinkler System

Additional Information

  • Date Listed:February 4th, 2020
  • Days on Market:53
  • Zoning:LBR2N

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Provided By: J.woody Stahl(01399621), Lyon Stahl Investment Real Estate, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of March 30th, 2020 at 8:29am 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.