Long Beach, CA 90802,417 Olive AVE
Long Beach, CA 90802,417 Olive AVE
Long Beach, CA 90802,417 Olive AVE
18
$1,060,000
$1,250,000
15.2%
Est.Price: ?

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2,783 Sqft Lot

417 Olive AVE Long Beach, CA 90802

Est. payment /mo
SOLD DATE : 10/09/2020

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Key Details

Sold Price $1,060,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW20168962

Sold Date 10/09/20

Construction Status Fixer

HOA Y/N No

Year Built 1925

Lot Size 2,783 Sqft

Property Description

We are pleased to present this Investment Opportunity to own a Mixed-Use building Located within the East Village Arts District that hasn't been on the market in over 30 years. Built in 1925 this property was seismically retrofitted in 1992 and originally built with Four(4), One (1) bedroom apartment units above One (1) commercial ground floor unit. Full market rents can be obtained without paying any relocation fees. Great opportunity to convert to 5 individual gas and electrical meters. Lots of natural light through the many windows and multiple access points through the upper and lower walkways. This is an investor opportunity to acquire, add value with true upside in one of the most desirable areas in Downtown Long Beach. Could also use this opportunity to reconfigure units to create a better unit mix. New wood flooring installed less than 5 years ago.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Heating Wall Furnace

Cooling None

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Water Heater

Laundry None

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

Utilities Available See Remarks

Roof Type Composition

Private Pool No

Building

Lot Description Near Public Transit, Zero Lot Line

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 7281006036

Acceptable Financing Cash

Listing Terms Cash

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Vincent Sanchez • Appleby Commercial Real Estate
Bought with Cody Charnell • Buckingham Investments

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Cher Team

Broker | License ID: 02094241

+1(949) 683-7472

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