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1065 Olive Ave

Long Beach, CA 90813

– beds
– baths
– sqft
6,517 sqft lot
1963 build
– on site

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Don't miss out on this excellent investment opportunity!!! Compound housing that consists of 3 structures with a total of 5 units that have been completely remodeled and furnished from top to bottom making it comfortable and welcoming stay for all tenants and guests. EVERTHING on the property is new!!! New roof, new flooring, new plumbing, new electric...everything! The property is very safe and secure offering an ADT and camera system, flood lights, and security gates. All units are individually metered for electric, water, gas, and have their own mini-split system for heating and cooling. This property is energy efficient, so the monthly expenses are extremely low! Other amenities include tankless water heaters, electric car chargers, private outdoor patio space, parking, and high-speed Wi-Fi. The 3bed/2bath is currently permitted for Airbnb which is the perfect opportunity for short term rentals with little to no vacancy ratio. Located within walking distance to St. Mary's Hospital where more than 50% of the employees are traveling from out of state. The income is approximately $15,000 a month for short term rentals. This location is within a 15-minute walking distance to popular Long Beach tourist attractions which include the Convention Center, Shoreline Village, Aquarium of the Pacific, Queen Mary, Pine St, beach, restaurants, and much more.

Listed By CRMLS_CA / Melissa McCrone / The RECollective / 562-972-9742

Last checked: Checking… • Last updated Nov 5, 2024 •

MLS# PW24138883 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

2726.00
Building Area Units:

Square Feet
# of Buildings:

3
Total Number Of Units:

5
Stories Total:

1
# of Separate Gas Meters:

5
# of Separate Water Meters:

5
# of Separate Electric Meters:

5

Interior

Levels:

One
Entry Location:

front
Flooring:

Laminate
Room Type:

All Bedrooms Down
Fireplace:

No
Fireplace:

None
Laundry:

Community, Dryer Included, In Kitchen, Washer Included
Laundry:

1

Location

Directions:

Anaheim and Olive
Latitude:

33.78024700
Longitude:

-118.18316400

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Property Condition:

Turnkey, Updated/Remodeled
Lot Features:

Front Yard
Lot Size Area:

6517.0000
Lot Size Acres:

0.1496
Lot Size SqFt:

6517.00
Lot Size Source:

Assessor
Fencing:

Wood
Fence:

Yes
Security Features:

Security System
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

11-933
Tax Lot:

18

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7274012019

Heating & Cooling

Heating:

1
Heating:

Ductless
Cooling:

Yes
Cooling:

Ductless

Utilities

Utilities:

Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Gas Oven
Included:

Yes

The Community

Subdivision:

Downtown (DT)
Subdivision:

Downtown (DT)
Senior Community:

No
Features:

Suburban
Pool:

None
Private Pool:

No
Inclusions:

All appliances and furniture
Association:

No

Parking

Parking Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/4/24 Nov 4, 2024	Price Changed	CRMLS_CA	$1,625,000	4.8%
10/28/24 Oct 28, 2024	Sold	CRMLS_CA	$1,550,000	-7.5%
9/26/24 Sep 26, 2024	Pending	CRMLS_CA	$1,675,000

Multifamily Sold on 10/28/2024

$1,625,000

Listing provided by broker:

Melissa McCrone

The RECollective

562-972-9742

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Listing Courtesy of: CRMLS_CA and The RECollective. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 21.

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.

1065 Olive Ave

Long Beach, CA 90813