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736 Olive Avenue, Long Beach, CA 90813
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736 Olive Avenue
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  • MLS#: PW23229182 ( Commercial/Residential )
  • Street Address: 736 Olive Avenue
  • Viewed: 1
  • Price: $3,695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1927
  • Bldg sqft: 0
  • Days On Market: 330
  • 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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Features
Additional Parcels Description
  1. 7274020036
Building Area Total
  1. 9679.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 289
Electric Expense
  1. 1825.00
Fuel Expense
  1. 1825.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 620.00
Insurance Expense
  1. 7797.00
Laundry Features
  1. Individual Room
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 221589.00
Newtaxesexpense
  1. 45916.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Otherexpense
  1. 3600.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 7274020038
Pest Control Expense
  1. 990.00
Pool Features
  1. None
Postalcodeplus4
  1. 4624
Professionalmanagementexpense
  1. 12405.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 407004567:CRM
Subdivision Name Other
  1. Alamitos Beach (AB)
Totalexpenses
  1. 88527.00
Trash Expense
  1. 1825.00
Uncovered Spaces
  1. 8.00
Water Sewer Expense
  1. 1825.00
Water Source
  1. Public
Year Built
  1. 1927
Year Built Source
  1. Assessor
Zoning
  1. LBR4R