1941 Olive Avenue

    Long Beach, CA 90806
    • $958,888
    • STATUS: Active Under Contract
    • ON SITE: 31 days
    • ID#: PW18267750
    Under Contract
    UPDATED: 28 min ago
    $958,888
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,554
      SQFT
    • $375
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Attention Investors! Income Producing $$$ Cash Flowing Property! Must see this fully renovated 4 plex featuring 3 separate buildings, all new plumbing, electrical (with permits), windows, doors, flooring, paint, kitchens & baths with new cabinetry, granite counters, stainless steel appliances, fixtures, etc. Unit #1 - 1945 Olive Ave (Front Building Unit) large 3 bedroom, 1 bath, with interior washer/dryer hookups (Currently Leased for $2,100 until 7/31/2019). Unit #2 - 1941 Olive Ave (Middle Building Unit) 1 bedroom, 1 bath (Currently Leased for $1,450 until 12/1/2019). Unit #3 - 1943 Olive Ave (Back Building Above Garages Unit) 1 bedroom, 1 bath (Currently Leased for $1,450 until 11/15/2019). Unit #4 - 1947 Olive Ave (Back Building Above Garages Unit) 1 bedroom, 1 bath (Currently Leased for $1,450 until 11/15/2019). ***Gross Monthly Income is currently $6,450*** Each Unit has their own 1 car garage with automatic opener and direct access door into the courtyard/common property area. Each unit has their own gas & electric meters. Long Beach has a very strong rental market. Don't miss out on the great opportunity...

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T20:28:17.45. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/89236244

    1941 Olive Avenue Long Beach, CA 90806

    • Price: $958,888
    • Status: Active Under Contract
    • Updated: 28 min ago
    • ID#: PW18267750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,554
    SQFT
    $375
    $/SQFT
    1920
    Built
    Neighborhood:
    Poly High (Ph)
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    Attention Investors! Income Producing $$$ Cash Flowing Property! Must see this fully renovated 4 plex featuring 3 separate buildings, all new plumbing, electrical (with permits), windows, doors, flooring, paint, kitchens & baths with new cabinetry, granite counters, stainless steel appliances, fixtures, etc. Unit #1 - 1945 Olive Ave (Front Building Unit) large 3 bedroom, 1 bath, with interior washer/dryer hookups (Currently Leased for $2,100 until 7/31/2019). Unit #2 - 1941 Olive Ave (Middle Building Unit) 1 bedroom, 1 bath (Currently Leased for $1,450 until 12/1/2019). Unit #3 - 1943 Olive Ave (Back Building Above Garages Unit) 1 bedroom, 1 bath (Currently Leased for $1,450 until 11/15/2019). Unit #4 - 1947 Olive Ave (Back Building Above Garages Unit) 1 bedroom, 1 bath (Currently Leased for $1,450 until 11/15/2019). ***Gross Monthly Income is currently $6,450*** Each Unit has their own 1 car garage with automatic opener and direct access door into the courtyard/common property area. Each unit has their own gas & electric meters. Long Beach has a very strong rental market. Don't miss out on the great opportunity...
    Exterior Features

    Garage Spaces 4.00 Lot Features 2-5 Units/AcreLot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Single DoorGarage Door Opener Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 407 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1362 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Heater Heating YN Yes Interior Features Granite Counters Laundry Features See Remarks Levels OneTwoMulti/Split

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features CurbsGuttersSidewalksStorm Drains Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 0.00 Gross Income 77400.00 Gross Scheduled Income 77400.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 0.00 Net Operating Income 57300.00 New Construction YN No New Taxes Expense 12000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number Wall AC 0 Number With Carpet 1 Number With Dishwasher 0 Number With Disposal 4 Number With Drapes 0 Number With Patio 0 Number With Range 4 Number With Refrigerator 0 Operating Expense 20100.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 4500.00 Property Sub Type Quadruplex Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Poly High (Ph) Supplies Expense 0.00 Tenant Pays Cable TvElectricityGasTelephoneTrash Collection Total Actual Rent 6450.00 Total Expenses 20100.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 2400.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor Zoning Lbr1n

    Listing provided courtesy of Christopher Cochran of Cochran R. E. Professionals.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-09T20:28:17.45. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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