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727 Olive Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Affiliated
727 Olive Avenue,Long Beach, CA 90813
$2,155,000
  • 12 Beds
  • 11 Baths
  • 6,792 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26853651
Source:CRMLS

Price summary

  • Price:$2,155,000
  • Price per sq. ft.:$317.29

About this home

PRICED REDUCED TO SELL AT 9.4 GRM AND 7.0% CAP AGAINST IN PLACE RENTS WITH UPSIDE. Earn over an 8% cash on cash return against in place rents. 11 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features 10 1 bedroom units and 2 bedroom/1 bed house.10 units have been heavily updated with new paint, flooring, kitchen cabinets and bathrooms. There are 5 garages in the rear and 2 surface spaces which is an added bonus given how limited parking is in Long Beach. Additionally, a Buyer could convert the 5 rear garages to ADU's if they choose - adding another 2 units - Buyer to verify. The property features updated electrical (Buyer to verify) and plumbing has been updated as interior updates have been made. All...

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Home facts

  • Year built:1923
  • Listing ID #:26853651
  • Added:66 day(s) ago
  • Updated:September 13, 2026 at 11:08 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:11
  • Living area:6,792 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1923
  • Building area:6,792 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,155,000
  • Price per sq. ft.:$317.29

Parking

  • Total parking spaces:7
  • Parking description:Assigned
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Affiliated is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Affiliated, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Nikki Coppa

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