$1,060,000
$1,250,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
417 Olive AVE Long Beach, CA 90802
4,512 SqFt
Key Details
Sold Price $1,060,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,512 sqft
Price per Sqft $234
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
Acres 0.0639
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
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating WallFurnace
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance GasRange, WaterHeater
Laundry None
Exterior
Pool None
Community Features Curbs, StreetLights, Sidewalks, Urban
Utilities Available SeeRemarks
Roof Type Composition
Private Pool No
Building
Lot Description NearPublicTransit, ZeroLotLine
Story 2
Entry Level Two
Foundation Slab
Sewer PublicSewer
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 CashtoNewLoan
Special Listing Condition Standard
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Bought with Cody Charnell • Buckingham Investments
GUIDE SoCal
Broker | License ID: DRE#01976964