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1030 Olive Avenue

Long Beach, CA 90813
  • $1,795,000
  • STATUS: Active
  • ON SITE: 178 Days
  • MLS #: 24457513
UPDATED: 31 min ago
$1,795,000
  • 13
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,100
    SQFT
  • $352
    $/SQFT
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Listing Agent(s): Ben Shirvanian of Shirvan Group Inc (818-822-6026)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T11:29:40.097. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/157261108
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1030 Olive Avenue Long Beach, CA 90813

  • Price: $1,795,000
  • Status: Active
  • On Site: 178 Days
  • Updated: 31 min ago
  • MLS #: 24457513
13
Beds
0
Baths
0
½ Baths
0.15
Acres
5,100
SQFT
$352
$/SQFT
1980
Built
Neighborhood:
4 - Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
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.
Exterior Features

Parking Features Covered Parking Total 5

Interior Features

Appliances DisposalMicrowave Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 6.5 Gross Income 138792 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 117292 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LBR4R



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T11:29:40.097. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Ben Shirvanian of Shirvan Group Inc (818-822-6026)