1201 Olive Avenue

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,552 Sqft
  • 6541
    Sqft(Lot)
$875,000

Description

Introducing 1201 olive avenue, a charming craftsman property with four units, perfect for investors or those seeking multi-family living in a prime location. the front house is a beautifully remodeled craftsman-style home, offering 3 bedrooms and 1 bath. it boasts a welcoming porch, a brand-new kitchen with modern cabinets, countertops, and flooring, plus a spacious bathroom. laundry hookups are conveniently included.

the middle unit is a detached 2-bedroom, 1-bath home, offering privacy and potential. at the rear of the property, you'll find two additional units. the downstairs unit is a cozy 1-bedroom, 1-bath with its own garage, while the upstairs unit features 2 bedrooms and 1 bath, perfect for additional rental income or extended family.

this property is uniquely positioned with both a rear alley and a side alley that runs along the property, giving it the feel of a corner lot and adding flexibility for potential parking expansion. the large lot offers even more opportunity for future development or additional parking spaces. all units are individually sub-metered for gas and electric, making it easy to manage.

while the property could use some tlc, it is priced to sell and has immense potential. additionally, this property is located in an area eligible for the ladder up home loan grant, offering up to $50,000 in grant credits for qualified owner-occupant buyers who meet eligibility requirements.

this is a rare opportunity to secure a multi-unit property in a prime location with financial assistance available. don’t miss out on this exceptional investment!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Craftsman

  • AD ID

    47024361

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Flooring: Vinyl

  • Building Information

    • Year Built: 1919
    • Building Area Total: 2,552
    • Roof: Shingle

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1502
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6541

  • Listing Price Information

    • Original List Price: 875,000
    • Listing Contract Date: 2024-09-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7274003012

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 3522
    • Directions: E. Anaheim Street to Olive
    • Zoning: LBR4R
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 105
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 11/15/2024 @ 01:01

  • MLS: PW24198055
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 2,552 sqft, 6,541 sized lot, and 1 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home , it is in the ,Lewis Subdivision, are nearby neighborhoods.