Est. cap rate

3.1%

Assumed rent, all units

$6,260/mo

Units

2

Price per unit

$600,000

Est. annual NOI

$37,560

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

4

Building size

2,132 sqft

Lot size

6,506 sqft

Year built

1929

Stories

1

Garage spaces

2

Style

Craftsman

Heating

None

Cooling

Zoned,ENERGY STAR Qualified Equipment

Pool

None

View

None

Status

Active

Days on market

90

MLS #

239993390

About this property

Exceptional multi-unit opportunity located at 1972 Olive Avenue in the Central Long Beach / Poly High District area, just north of Downtown Long Beach. This community has a mix of historic character, urban convenience, and steady investment growth—making it appealing for both homeowners and investors. Recently remodeled duplex and new construction Jr ADU's. Each main unit offers 2 bedroom / 1 bathroom with abundant natural light, cozy living area. With it's own private entrance, each ADU offers 1bedroom / 1 bath with a kitchenette making it perfect for rental income, guests, or extended family. Situated on a generous lot, the property includes plenty of private parking. Conveniently located near local schools, shopping, dining, and easy freeway access, this property combines versatility with strong income potential. Don’t miss this rare opportunity to own a flexible, income-producing property in a rapidly growing area of Long Beach.

Location

1972 Olive

Long Beach, Los Angeles, CA, 90806