1071 Olive

Long Beach, CA 90813
Property listed by Sage Real Estate Group, Inc., Cody Charnell 562-896-3851
$1,450,000
1071 Olive Avenue is a well-maintained six-unit apartment building near Downtown Long Beach. The property offers a desirable unit mix consisting entirely of 2bed/1bath units, all updated within the past five years. Several units feature in-unit laundry and ductless mini split air conditioning. One unit is currently vacant, providing anRead MoreRead Less
Listing Snapshot
Days Online
11
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1961
MLS Number
PW26193792
Property Location Map
Additional Details
Building
Built in 1961, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Front
Community
Sidewalks
Cooling
Ductless
Expenses
Insurance: $6,000, Licenses: $770, Maintenance: $4,500, Operating: $46,723
Fireplaces
None
Foundation
Slab
Garage
1 spaces
Heating
HeatPump, WallFurnace
Income
Gross ScheduledIncome: $142,800, Net Operating Income: $88,937
Laundry
CommonArea, Inside
Lot
0.1496 acres, SixToTenUnitsAcre
Parking
4 open parking spaces, 5 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7274012018, Tax Block: 13, Lot: 17
Tenant Pays
Electricity, Gas
Utilities
Water Source: Public, 7 separate electric meters, 7 separate gas meters
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Laura Grabher
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.