1030 Olive Avenue

Long Beach, CA 90813

$1,795,000
Price
13
Beds
10
Baths
5,100 Sq. Ft.
$352 / Sq. Ft.
5,100
Sq. Ft.
$352
per Sq. Ft.

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...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.
  1. Listed by Ben Shirvanian • DRE #01190395 • Brokerage DRE #01190395 • Shirvan Group Inc

Property Details for 1030 Olive Avenue

Zoning
LBR4R
Parcel Number
7274011011
Total Units
5.0
Living Area
5100
Source Living Area
Other
Area
Downtown Area, Alamitos Beach (4)
Vacancy Rate
0
Lot Size Area
6531
LISTING UPDATED: 11/12/2024 11:58 AM

Property Details for 1030 Olive Avenue

StatusActive
MLS #24-457513
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.15 AC / 6,531 SF
CountyLos Angeles County

Building Information for 1030 Olive Avenue

Stories2Residences-Year Built1980Building Size-Lot Size0.15 AC / 6,531 SF

Property Information for 1030 Olive Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Townhome
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $138,792
  • Net Operating Income: $117,292.00
  • Gross Income: $138,792
  • Cap Rate: 6.50%
  • Gross Rent Multiplier: $13.00
  • Total Annual Expense: 21500
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1499
  • Lot Size Square Feet: 6531
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 5
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central, Window Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Equipment: Microwave, Garbage Disposal, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 10-28-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,022.00
  • Unit Actual Rent: $2,022.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,022.00
  • Unit Actual Rent: $2,022.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,022.00
  • Unit Actual Rent: $2,022.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $202,152.00
  • Assessed Improvement Percent: 30.43
  • Assessed Land Value: $462,070.00
  • Assessed Land Percent: 69.57
  • Assessed Total Value: $664,222.00

Property History for 1030 Olive Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1030 Olive Avenue

Taxable ValueLand$471,311Additions$206,195Total$677,506
Tax Record2024$9,282 ($774 / month)
Home Facts
Total Finished SqFt3,451 SqFtAbove Grade Finished SqFt3,451 SqFtLot Size6,531 SqFtStyleTriplexYear Built1980ZoningLBR4RCountyLOS ANGELESAPN7274-011-011

Schools near 1030 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.

Similar Homes

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1030 Olive Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on October 28, 2024 by Shirvan Group Inc, it's currently listed at $1,795,000. It has been on the market for a total of 51 days and was last sold on August 2, 2014. This listing's school district is Long Beach Unified School District. Nearby schools include International Elementary School, Franklin Classical Middle School and Polytechnic High School. 1030 Olive Avenue is a 13-bed, 10-bath, 5,100 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shirvan Group Inc, Ben Shirvanian, DRE #01190395

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.