727 Olive Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA Excel Realty
727 Olive Avenue,Long Beach, CA 90813
$2,175,000
  • 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:$2,175,000
  • Price per sq. ft.:$320.23

About this home

PRICED TO SELL AT 9.5 GRM AND 6.9% CAP AGAINST IN PLACE RENTS WITH UPSIDE. 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 bath house. 8 of 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 windows are updated as well. This property is perfect for an...

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Home facts

  • Year built:1923
  • Listing ID #:26853651
  • Added:1 day(s) ago
  • Updated:July 08, 2026 at 08:31 PM

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:$2,175,000
  • Price per sq. ft.:$320.23

Parking

  • Total parking spaces:7
  • Parking description:Assigned
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