Property Description
Don’t miss out on this excellent investment opportunity!!! Compound housing that 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. EVERTHING on the property is new!!! New roof, new flooring, new plumbing, new electric…everything! 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. This property is energy efficient, so the monthly expenses are extremely low! 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 which is the perfect opportunity for short term rentals with little to 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. No need to worry about rent control! The income is approximately $15,000 a month for short term rentals. 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.
Features
: No
: Ductless
: Ductless
: No
: No
: 6
: No
Address Map
U.S.
California
Los Angeles
Long Beach
90813
1065 Olive Ave
0
W119° 49' 0.6''
N33° 46' 48.9''
MLS Addon
$0
2,726 Sqft
: No
: No
64
Anaheim and Olive
0
: No
1
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Residential Income For Sale Long Beach

1065 Olive Ave, Long Beach, Los Angeles, California, 90813

6,517 Acre
Visits : 4 in 77 days
$1,675,000
Listing ID #PW24138883
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : PW24138883
Price : $1,675,000
Year Built : 1963
Lot Area : 6,517 Acre
Status : Active
Property Sub Type : Mixed Use
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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