Long Beach, CA 90813 1209 Olive Avenue
$1,312,000
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com
Beds • 9
Baths • 3
SQFT • 3,540
Garage • 1
Year Built • 1928
Home Details
1209 Olive Avenue is a six-unit multifamily investment property in Long Beach, California. This offering comprises a desirable mix of a three-bed/one-bath home in the front, a two-bed/one-bath home in the middle, and a rear two-story fourplex with all one-bed/one-bath units. The units are separately metered for gas and electricity, and the property also offers shared on-site laundry.
1209 Olive Avenue is located on the border of the Poly High and Cambodia Town neighborhoods near the intersection of Anaheim Street and Atlantic Avenue and proximate to retail (WalkScore: 91).
Current rents offer a new investor 13 percent rental upside.
1209 Olive Avenue is offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1151 Pacific Avenue, a fourplex. Properties available separately or together.
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com
Interior Features for 1209 Olive Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1209 Olive Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.52
Carport Y/NNo
CityLong Beach
Community FeaturesSuburban
CountyLos Angeles
Directionsbetween anaheim & 11th
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income0.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet6501.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income85578.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces1.0
Operating Expense42501.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision Namen/a
Tax Lot19
Trash Expense0.0
Water Sewer Expense0.0
Year Built1928
Year Built SourceAssessor
ZoningLBR4R
Exterior for 1209 Olive Avenue
Building Area Total3540.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1492
Lot Size Area6501.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking2.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,312,000
MLS#PW25075601
List Date
04/07/2025
Property Type
Multi-Family
Phone
(310) 963-5595
