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1201 Olive Avenue

Long Beach, CA 90813

$875,000

List Price

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1919

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Property 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!

Listing Information

List Price $875,000
Status Active
MLS PW24198055
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1919
Lot Size 6,541
Structure Size N/A
DOM 5
Courtesy Of Sage Real Estate
Listing Agent Juan Huizar DRE#01417642
Co-Listing Agent Theresa Cornwell DRE#02230080

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
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Flooring Information
Material Vinyl

Exterior Information

Maps

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Listing information courtesy of: Juan Huizar, Theresa Cornwell, Sage Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 3:46 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.