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1224 Olive Ave
Long Beach, CA 90813
Turnkey | Over $600K Spent | 6.0% Cap Rate · Multifamily Property For Sale
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6 Units
Investment Highlights
- Turn-key Asset - Over $600K in CAPEX
- Complete Unit Remodels with Designer Fixtures and Finishes
- Two (2) Newly-Constructed ADUs with Shared Rooftop Deck
- Full Gut Renovation Including New Roof, Upgraded Electrical Panel, Upgraded Main Line Plumbing, New Windows Throughout
- All Units Feature In-Unit Washer/Dryers and Private Patios
Property Facts
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 4,345 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1922/2021 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Zoning | LBR4R | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,345 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2021 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | LBR4R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 824 |
| 2+1 | 1 | - | 603 |
| 1+1 | 1 | - | 448 |
Property Taxes
| Parcel Number | 7274-004-003 | Improvements Assessment | $362,614 |
| Land Assessment | $676,520 | Total Assessment | $1,039,134 |
Property Taxes
Parcel Number
7274-004-003
Land Assessment
$676,520
Improvements Assessment
$362,614
Total Assessment
$1,039,134
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