Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

6

Building size

4,364 sqft

Lot size

6,517 sqft

Year built

1961

Stories

2

Garage spaces

1

Heating

Heat Pump,Wall Furnace

Cooling

Ductless

Pool

None

View

None

Status

Active

Days on market

0

MLS #

246738092

About this property

1071 Olive Avenue is a well-maintained six-unit apartment building near Downtown Long Beach. The property offers a desirable unit mix consisting entirely of 2bed/1bath units, all updated within the past five years. Several units feature in-unit laundry and ductless mini split air conditioning. One unit is currently vacant, providing an immediate opportunity to lease at market rent. The property includes four driveway parking spaces, a freestanding one-car garage and an unused laundry room with additional income potential.

Location

1071 Olive

Long Beach, Los Angeles, CA, 90813