Silva Babaian Realtor, Real Estate Agent, Granada Hills, CA
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    912 Avenue B
    16810 Grindelwald Drive
    60300 Chalet Drive
    736 Olive Avenue, Long Beach, CA 90813
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    4. 736 Olive Avenue, Long Beach, CA 90813
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    • MLS#: PW23229182 ( Multi-Family )
    • Street Address: 736 Olive Avenue
    • Viewed: 22
    • Price: $3,695,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1927
    • Bldg sqft: 0
    • Days On Market: 430
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90813
    • Subdivision: Alamitos Beach (ab)
    • Provided by: Keller Williams - Santa Monica
    • Contact: Robert Robert
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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.
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    1. Multi-Family
    Views
    1. 22
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    1. Silva Babaian / Realtor
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    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836