1030 Olive Ave Long Beach, CA 90813
Active
$1,795,000
5 Units
13 Beds
10 Baths
5,100 Area(sq.ft.)
6,531 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 2,022 | $ 2,022 | $ 3,250 |
| Unit 2 | 1 | 3 | 2 | No | $ 2,022 | $ 2,022 | $ 3,250 |
| Unit 3 | 1 | 3 | 2 | No | $ 2,022 | $ 2,022 | $ 3,250 |
| Unit 4 | 1 | 2 | 2 | No | $ 2,750 | $ 2,750 | $ 2,800 |
| Unit 5 | 1 | 2 | 2 | No | $ 2,750 | $ 2,750 | $ 2,800 |
| 5 | 5 | 13 | 10 | $ 11,566 | $ 11,566 | $ 15,350 |
| MLS #: | 24-457513 |
| Days On Market: | 15 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 352 |
| Price per unit: | $ 359,000 |
| Year Built: | 1980 |
Property Details
FIVE Unit Apartment Building. 4 of the tenants are section 8 and 1 regular.. Guaranteed rental cash-flow. 3 of the units are townhouse style 3bd 2ba each, constructed in 1980 and the other 2 units are apartment style, 2 bedroom 2 bathroom, constructed in 2023. All unit have washer/dryer. Drive by ONLY. Under no circumstance you should disturb tenants. Do not go on property. Each unit has separate gas and separate electric meter, additionally each unit has their own laundry area. The property has alley in the back. The parking is gated.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 138,792 |
| Total Annual Expense: | $ 21,500 |
| Net Operating Income: | $ 117,292 |
| Gross Annual Income: | $ 138,792 |
| Cap Rate: | 6.5% |
| Gross Rent Multiplier: | 13.00 |
Structure
| Type of Units: | Townhome |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | LBR4R |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Air Conditioning, Central, Window Unit(s) |
| Equipment: | Microwave, Garbage Disposal, Range/Oven |
| Heating: | Central |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
