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1065 Olive Ave Long Beach, CA 90813
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Key Details
Sold Price $1,625,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,726 sqft
Price per Sqft $596
MLS Listing ID CRPW24138883
Sold Date 10/28/24
HOA Y/N No
Year Built 1963
Lot Size 6,517 Sqft
Acres 0.15
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. 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
Location
State CA
County Los Angeles
Area Listing
Interior
Heating Other
Cooling Other
Flooring Laminate
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer, In Kitchen
Building
Lot Description Front Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7274012019
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Bought with RadyMath