858-525-5007

736 Olive, Long Beach CA 90813 | $3,695,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 12509 Lot Sq Ft
  • Type: Commercial/Residential
  • Stories: 2
  • Year Built: 1927
  • MLS#: PW23229182
  • Community: 4 - Downtown Area, Alamitos Beach

Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica. Last updated 2024-11-29 09:11:24.000000. Listing information © 2024 SANDICOR.

736-742 Olive is a 12-unit apartment building located in Long Beach, CA. The property is priced at a 6.0% cap rate and an 11.56 GRM on current rents. Built in 1927, the property includes (2) studios, (1) 5BD/2BA unit, and (9) 3BD/1BA units. Parking is available on-site with eight (8) garages and eight (8) surface spaces. The majority of the units have been updated with new flooring, paint and countertops. New ownership can generate additional upside by converting garages to ADUs, without losing surface parking in the interior courtyards. With a 91 Walk Score, the asset is well located near vibrant Downtown Long Beach and Alamitos Beach.

More Details

0.29 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985