1941 Olive Avenue

Long Beach, CA 90806
$1,194,988
1941 Olive is a killer opportunity to lock up a fully turnkey 4-unit in the heart of Long Beach’s extremely desirable Poly High area, just minutes from Signal Hill and a short drive to the ocean. Built in 1920, this property consists of three separate buildings totaling 2,554 rentable squareRead MoreRead Less
Property listed by Decorum Properties & Investments, Inc, Eric Lem 310-259-7556
Listing Snapshot
Days Online
55
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1920
MLS Number
OC26003311
Property Location Map
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: AlleyPaved
Appliances & Equipment
EnergyStarQualifiedAppliances, EnergyStarQualifiedWaterHeater, ExhaustFan, GasOven, GasRange, Microwave, WaterHeater
Building
Built in 1920, 3 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
DogPark, Hiking, StreetLights, Sidewalks, Gated
Cooling
None
Disclosures
PrincipalIsRealEstateLicensed
Doors
EnergyStarQualifiedDoors
Energy Saving
Energy Efficiency: Appliances, WaterHeater
Expenses
Gardener: $80, Insurance: $3,000, Maintenance: $2,500, Operating: $23,140
Fence
ExcellentCondition, Vinyl
Fireplaces
None
Floors
Vinyl
Foundation
Raised
Garage
4 spaces
Heating
FloorFurnace
Income
Gross Income: $300, Gross ScheduledIncome: $104,000, Net Operating Income: $80,860
Interior Features
GraniteCounters, OpenFloorplan, Pantry, BedroomOnMainLevel, MainLevelPrimary
Laundry
CommonArea, LaundryRoom, Outside
Lot
0.1504 acres, BackYard, FrontYard, Landscaped, RectangularLot, StreetLevel
Parking
4 total parking spaces, Assigned, Garage, Private, GarageFacesRear
Pool
None
Property
Turnkey, CityLights
Roof
Flat
Security Features
CarbonMonoxideDetectors, GatedCommunity
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7210010014, Tax Block: F, Lot: 14
Tenant Pays
AllUtilities, CableTv, Electricity, Gas, Water
Utilities
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, ElectricityOnProperty, 4 separate electric meters, 4 separate gas meters
Windows
DoublePaneWindows, EnergyStarQualifiedWindows
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Michael Harby
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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.