1065 Olive Avenue
1065 Olive Avenue
$2,500,000
8
6
2,726
2,726
$917
Virtual Tour
Description
Excellent investment opportunity! It 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. 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. Other amenities include tankless water heaters,...Excellent investment opportunity! It 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. 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. 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 and the Traveling Nurses Program (tinyurl.com/ycyzh57k) which is the perfect opportunity for short term rentals with little to a 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. 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. Property has appraised at $6,000,000 based on the Income Approach Analysis. Income and Expense Report is available upon request. See video for general info income analysis. tinyurl.com/375sdhar. Buyers can potentially refinance after presenting T12 financial reports to lenders. Call today to schedule a private showing!
- Listed by Melissa McCrone • DRE #01852718 • Brokerage DRE #02046359 • The RECollective • 562-972-9742
Property Details for 1065 Olive Avenue
Parking Spaces Total
6
Private PoolNo
Cooling TypeDuctless
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
Living Area2726
Assessor Parcel Number7274-012-019
Location
LISTING UPDATED: 04/29/2024 10:33 AM
Property Details for 1065 Olive Avenue
Status | Active |
---|---|
MLS # | PW24066073 |
Days on Market | 25 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.15 AC / 6,517 SF |
County | Los Angeles County |
Location
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Building Information for 1065 Olive Avenue
Stories1Residences-Year Built1963Building Size-Lot Size0.15 AC / 6,517 SF
Payment Calculator
$14,629 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1065 Olive Avenue
Property History for 1065 Olive Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1065 Olive Avenue
Taxable ValueLand$586,500Additions$316,200Total$902,700
Tax Record2023$11,824 ($985 / month)
Home Facts
Total Finished SqFt2,570 SqFtAbove Grade Finished SqFt2,570 SqFtLot Size6,517 SqFtStyleDuplexYear Built1963ZoningLBR4RCountyLOS ANGELESAPN7274-012-019
Schools near 1065 Olive Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
International Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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