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1846 Olive Ave
Long Beach, CA 90806
Multifamily Property For Sale
·
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, in Poly Neighborhood of Long Beach. Excellent unit mix of studios, 1 br. and 2 br., about 10% Upside in rents to market GRM of 11.48, pro forma cap rate of 5.5%. 4 Garages plus laundry room for additional income. Dense rental market with low vacancy rate and strong income. Clean, professionally managed building with no deferred maintenance. All units recently redone.
Property Taxes
| Parcel Number | 7210-014-009 | Improvements Assessment | $1,254,957 |
| Land Assessment | $780,861 | Total Assessment | $2,035,818 |
Property Taxes
Parcel Number
7210-014-009
Land Assessment
$780,861
Improvements Assessment
$1,254,957
Total Assessment
$2,035,818
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