1846 Olive Ave
Long Beach, CA 90806
1846 Olive Ave. · Multifamily Property For Sale
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10 Units
Property Facts
| No. Units | 10 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 4,556 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.88/1,000 SF |
| Zoning | LBR1N | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,556 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | LBR1N |
About 1846 OLIVE AVE , LONG BEACH, CA 90806
Great proximity to Downtown Long Beach, only a few blocks from Long Beach City College. Clean, well-managed building, shows true pride of ownership. Many units for the price with 4 studio units, and 6 one bedroom units. Select studio units have received deluxe remodels, including relocating kitchens to the main living area, creating a small bedroom, quartz countertops, new cabinets, new laminate flooring, and remodeled bathrooms. Owner will continue upgrades in same style at new buyer' s request. Four garages plus a laundry room for additional income. Leased solar panels provide clean power generation for this master metered building, buyer to assume solar lease. 14% upside in rents plus an opportunity to cut expenses by adding additional solar panels. Dense rental market with low vacancy rate and strong income. Rents and Cap Rate based on market rents. Near Downtown Long Beach
Property Taxes
| Parcel Number | 7210-014-009 | Improvements Assessment | $1,254,957 |
| Land Assessment | $780,861 | Total Assessment | $2,035,818 |
Property Taxes
