727 Olive Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
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:60 day(s) ago
  • Updated:September 07, 2026 at 11:02 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
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