1846 Olive Avenue, Long Beach, CA 90806

$1,875,000
List Price
$1,875,000
Status
ACTIVE UNDER CONTRACT
MLS#
SB18164447
Year Built
1923
Lot Size
6,519
Lot Location
Near Public Transit
Days on Market
15
Property Type
Multifamily
Stories
Two Level
Neighborhood
Poly High (Ph)

Property Description

We are pleased to present 1846 Olive Avenue, a large 10 Unit Income Producing Property with 4 garages, storage and laundry for additional cash flow. Located in the Poly Neighborhood of Long Beach, this property is comprised of 1 2 bed/1bath units and 5 1bed/1bath unit and 4 Studios. Owner's have invested to upgrade all units, exterior, and installed solar panels to improve operational efficiency. Priced at 12.81 GRM and a 5% Cap Rate on current rents, 1846 Olive offers investors a chance to own a professionally managed, stable, cash flowing asset with upside. Solar Panels Leased from Solar City have been installed Listing Agent is Related to Owner

Additional Information

Tract Number
7
Lot Description
Urban
Pool Description
None
Garage Spaces Total
4
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of John Alden from Buckingham Investments, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.