$950,000
$958,888
0.9%For more information regarding the value of a property, please contact us for a free consultation.
1941 Olive AVE Long Beach, CA 90806
6,534 Sqft Lot
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID PW18267750
Sold Date 01/28/19
HOA Y/N No
Year Built 1920
Lot Size 6,534 Sqft
Acres 0.15
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...
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Rooms
Ensuite Laundry See Remarks
Interior
Interior Features Granite Counters
Laundry Location See Remarks
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Garage Door-Single, Garage, Garage Door Opener
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Type Door-Single, Garage, Garage Door Opener
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story One, Two, Multi/Split
Entry Level One,Two,Multi/Split
Sewer Public Sewer
Water Public
Level or Stories One, Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7210010014
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Eric Lem • Legacy 15 Real Estate Brokers
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442