Long Beach, CA 90813,1065 Olive Ave
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Long Beach, CA 90813,1065 Olive Ave
Long Beach, CA 90813,1065 Olive Ave
Long Beach, CA 90813,1065 Olive Ave
Long Beach, CA 90813,1065 Olive Ave

$1,625,000

Est. payment /mo

$1,675,000

3.0%
Est.Price: ?

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1065 Olive Ave Long Beach, CA 90813

6,516 Sqft Lot

SOLD DATE : 10/28/2024

Key Details

Sold Price $1,625,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW24138883

Sold Date 10/28/24

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1963

Lot Size 6,516 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Interior Features All Bedrooms Down

Heating Ductless

Cooling Ductless

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Dryer, Washer

Laundry Common Area, In Kitchen

Exterior

Fence Wood

Pool None

Community Features Suburban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 7274012019

Security Features Security System

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Melissa McCrone • The RECollective • 562-972-9742
Bought with Rady Math • Circle Real Estate

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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