1209 Olive Ave
Description
1209 Olive Avenue is located on the border of the Poly High and Cambodia Town neighborhoods near the intersection of...1209 Olive Avenue is a six-unit multifamily investment property in Long Beach, California. This offering comprises a desirable mix of a three-bed/one-bath home in the front, a two-bed/one-bath home in the middle, and a rear two-story fourplex with all one-bed/one-bath units. The units are separately metered for gas and electricity, and the property also offers shared on-site laundry.
1209 Olive Avenue is located on the border of the Poly High and Cambodia Town neighborhoods near the intersection of Anaheim Street and Atlantic Avenue and proximate to retail (WalkScore: 91). Current rents offer a new investor 13 percent rental upside.
1209 Olive Avenue is offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1151 Pacific Avenue, a fourplex. Properties available separately or together.
- Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
Property Details for 1209 Olive Avenue
Property Details for 1209 Olive Avenue
| Status | Active |
|---|---|
| MLS # | PW25075601 |
| Days on Market | 92 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 1928 |
| Lot Size | 0.15 AC / 6,501 SF |
| County | Los Angeles County |
Location
Building Information for 1209 Olive Avenue
Payment Calculator
$8,086 per month
30 year fixed, 6.845% Interest
$6,874
$1,212
$0
Property Information for 1209 Olive Avenue
- Gross Income: $0
- Gross Scheduled Income: $131,660
- Net Operating Income: $85,578
- Cap Rate: 6.52
- Operating Expense: $42,501
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Block: 1
- Tax Tract Number: n/a
- Tax Census Tract: 5763.02
- Tax Lot: 19
- Community Features: Suburban
- Laundry: Yes
- Laundry Features: Community
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Lot Features: Rectangular Lot
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 1
- Uncovered Spaces: 1
- Open Other Spaces Total: 1
- Parking Garage Spaces: 1
- Carport Spaces: 0
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,886
- Unit Type Total Rent: $2,886
- Unit Type Pro Forma: 2895
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,015
- Unit Type Total Rent: $2,015
- Unit Type Pro Forma: 2295
- Unit Type Type: 2
- Unit Type Units Total: 4
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,518
- Unit Type Total Rent: $6,071
- Unit Type Pro Forma: 1800
- Unit Type Type: 3
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 0
Property History for 1209 Olive Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 7, 2025 | Listed (Active) CLAW #PW25075601MR | $1,312,000 | — |
| Apr 7, 2025 | Listed (Active) CRMLS #PW25075601 | $1,312,000 | — |
| Mar 3, 2020 | Sold (Public Record) Public Record #693489380 | $1,015,000 | — |
| Mar 3, 2020 | Sold (Public Record) Public Record #1454325104 | $1,015,000 | +4.4% / yr |
| Jan 11, 2017 | Price Change CRMLS #P752002 | $430,000 | — |
| Jan 11, 2017 | Price Change CRMLS #P752002 | $412,000 | — |
| Jan 11, 2017 | Sold CRMLS #P752002 | — | |
| Jan 11, 2017 | Pending CRMLS #P752002 | — | |
| Jan 11, 2017 | Listed (Active) CRMLS #P752002 | — | |
| Jun 17, 2016 | Sold SDMLS #OC16067950 | $860,000 | — |
| Jun 17, 2016 | Sold CLAW #OC16067950MR | $860,000 | — |
| Jun 17, 2016 | Sold CRMLS #OC16067950 | $860,000 | — |
| May 5, 2016 | Pending CLAW #OC16067950MR | — | |
| May 5, 2016 | Pending CRMLS #OC16067950 | — | |
| Apr 22, 2016 | Sold (Public Record) Public Record #572744802 | $860,000 | +12.5% / yr |
| Apr 1, 2016 | Listed (Active) CRMLS #OC16067950 | $859,900 | — |
| Apr 1, 2016 | Listed (Active) SDMLS #OC16067950 | $859,900 | — |
| Apr 1, 2016 | Listed (Active) CLAW #OC16067950MR | $859,900 | — |
| Apr 9, 2012 | Sold (Public Record) Public Record #340746299 | $535,000 | +38.8% / yr |
| Mar 10, 2011 | Sold CRMLS #P752002 | $370,000 | — |
| Mar 10, 2011 | Sold CLAW #P752002MR | $370,000 | — |
| Mar 3, 2011 | Pending CRMLS #P752002 | — | |
| Mar 3, 2011 | Pending CLAW #P752002MR | — | |
| Feb 23, 2011 | Sold (Public Record) Public Record #305112087 | $370,000 | — |
| Sep 21, 2010 | Price Change CRMLS #P752002 | $480,000 | — |
| Sep 11, 2010 | Listed (Active) CRMLS #P752002 | $430,000 | — |
| Sep 11, 2010 | Listed (Active) CLAW #P752002MR | $430,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/07/2025 | Listed (Active) CLAW #PW25075601MR | $1,312,000 |
| 04/07/2025 | Listed (Active) CRMLS #PW25075601 | $1,312,000 |
| 03/03/2020 | Sold (Public Record) Public Record #693489380 | $1,015,000 |
| 03/03/2020 | Sold (Public Record) Public Record #1454325104 | $1,015,000 +4.4% / yr |
| 01/11/2017 | Price Change CRMLS #P752002 | $430,000 |
| 01/11/2017 | Price Change CRMLS #P752002 | $412,000 |
| 01/11/2017 | Sold CRMLS #P752002 | — |
| 01/11/2017 | Pending CRMLS #P752002 | — |
| 01/11/2017 | Listed (Active) CRMLS #P752002 | — |
| 06/17/2016 | Sold SDMLS #OC16067950 | $860,000 |
| 06/17/2016 | Sold CLAW #OC16067950MR | $860,000 |
| 06/17/2016 | Sold CRMLS #OC16067950 | $860,000 |
| 05/05/2016 | Pending CLAW #OC16067950MR | — |
| 05/05/2016 | Pending CRMLS #OC16067950 | — |
| 04/22/2016 | Sold (Public Record) Public Record #572744802 | $860,000 +12.5% / yr |
| 04/01/2016 | Listed (Active) CRMLS #OC16067950 | $859,900 |
| 04/01/2016 | Listed (Active) SDMLS #OC16067950 | $859,900 |
| 04/01/2016 | Listed (Active) CLAW #OC16067950MR | $859,900 |
| 04/09/2012 | Sold (Public Record) Public Record #340746299 | $535,000 +38.8% / yr |
| 03/10/2011 | Sold CRMLS #P752002 | $370,000 |
| 03/10/2011 | Sold CLAW #P752002MR | $370,000 |
| 03/03/2011 | Pending CRMLS #P752002 | — |
| 03/03/2011 | Pending CLAW #P752002MR | — |
| 02/23/2011 | Sold (Public Record) Public Record #305112087 | $370,000 |
| 09/21/2010 | Price Change CRMLS #P752002 | $480,000 |
| 09/11/2010 | Listed (Active) CRMLS #P752002 | $430,000 |
| 09/11/2010 | Listed (Active) CLAW #P752002MR | $430,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1209 Olive Avenue
Schools near 1209 Olive Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Roosevelt 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
Similar Sold Homes
Homes for Sale near Downtown Long Beach
- Alamitos Beach
- Central Long Beach
- Craftsman Village Historic District
- Downtown Long Beach
- East Village
- Franklin
- Hellman
- Jackson Park
- Lower Westside
- Magnolia District
- North Alamitos Beach
- Poly High
- Roosevelt-Linden Historic District
- Saint Mary
- Terminal Island
- Westside
- Westside South
- West Village
- Willmore City
- Wrigley Area
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 Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
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.