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1065 Olive Ave
Long Beach, CA 90813
Sold
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.
PROPERTY INFORMATION
| MLS # | PW24138883 | Lot Size | 6,517 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,675,000
Price Per SqFt: $ 614 |
DOM | 304 Days |
| Address | 1065 Olive Ave | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 2,726 Sq. Ft. |
| Postal Code | 90813 | Garage | N/A |
| County | Los Angeles | Year Built | 1963 |
| Bed / Bath | 7 / 0 | Parking | 6 |
| Built In | 1963 | Status | Closed |
| Sold Date | 2024-10-28 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, Dryer Included, In Kitchen, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Oven |
| Has Heating | Yes |
| Heating Information | Ductless |
| Room Information | All Bedrooms Down |
| Has Cooling | Yes |
| Cooling Information | Ductless |
| Flooring Information | Laminate |
| EntryLocation | front |
| Entry Level | 1 |
| SecuritySafety | Security System |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Wood |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,787
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/22/2024 | Price Change | $1,675,000 (-6.94%) |
| 08/01/2024 | Price Change | $1,799,999 (-2.70%) |
| 07/31/2024 | Price Change | $1,850,000 (-2.63%) |
| 07/08/2024 | Listed | $1,900,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Melissa McCrone, The RECollective. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
