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Property Description

Excellent investment opportunity!!! It 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. 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. 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 and the Traveling Nurses Program (tinyurl.com/ycyzh57k) which is the perfect opportunity for short term rentals with little to a 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. 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 has appraised at $6,000,000 based on the Income Approach Analysis. Income and Expense Report is available upon request. See video for general info income analysis. tinyurl.com/375sdhar. Buyers can potentially refinance after presenting T12 financial reports to lenders. Call today to schedule a private showing!

Features
: Ductless
: Ductless
1
1
: Dryer Included, Washer Included, Community, In Kitchen
0
: Sidewalks, Street Lights
Additional Information
The RECollective
0
PMELMCC
PB19337
Melissa
7274012019
: Standard
One
25

Multi-Family For Sale

1065 Olive Avenue, Long Beach, California 90813

2,726 Sqft
$2,500,000
Listing ID #PW24066073
Basic Details
Status : Active
DaysOnMarket : 25
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW24066073
Price : $2,500,000
Living Area : 2,726 Sqft
Lot Size : 6,517 Sqft
Year Built : 1963
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $917
Subdivision : Downtown (DT)
ModificationTimestamp : 2024-04-29 17:33:29
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