Log In/Sign up
Your email has been sent.
1209 Olive Ave 6 Unit Apartment Building £981,415 (£163,569/Unit) 6.52% Net Initial Yield Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- Six-unit property comprising a three-bed/two-bath home, a two-bed/one-bath home, and a fourplex with all one-bed/one-bath units
- Located on the border of the Poly High and Cambodia Town neighborhoods walkable to grocery stores and retail (WalkScore: 91)
- Property offers on-site laundry
- Offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1151 Pacific Avenue, a fourplex
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present to market 1209 Olive Avenue, 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.
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.
PROPERTY FACTS
| Price | £981,415 | Apartment Style | Low-Rise |
| Price Per Unit | £163,569 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.15 ac |
| Yield | 6.52% | Property Size | 3,540 sq ft |
| No. Units | 6 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built | 1928 |
| Property Subtype | Apartment | Parking Allocation | 0.56/1,000 sq ft |
| Use Class | LBR4R | ||
| Price | £981,415 |
| Price Per Unit | £163,569 |
| Sale Type | Investment |
| Yield | 6.52% |
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.15 ac |
| Property Size | 3,540 sq ft |
| No. Floors | 1 |
| Year Built | 1928 |
| Parking Allocation | 0.56/1,000 sq ft |
| Use Class | LBR4R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Excellent pedestrian access (92)
PROPERTY TAXES
| Parcel Number | 7274-003-010 | Improvements Assessment | £246,955 |
| Land Assessment | £574,881 | Total Assessment | £821,836 |
PROPERTY TAXES
Parcel Number
7274-003-010
Land Assessment
£574,881
Improvements Assessment
£246,955
Total Assessment
£821,836
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1209 Olive Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.