fbpx Skip to main content
search
← Back to Property Listings
Sold

1846 Olive Ave, Long Beach

Back on Market!

1846 Olive is a 10-unit income producing property located in Poly, CA.

Professionally Managed – owners have stabilized at a 12.83 GRM and 5.0% cap with some upside left for new owner.

All units redone.

4 garages, laundry room and storage for extra income.

Property is master metered with existing solar lease in place for operational efficiencies.

Property Details

  • Units: 10
  • Gross Rent Multiplier: 2%
  • Cap Rate:
Contact Listing Agent

Price

$1,875,000

Annual Income

$140,100

Annual NOI

$919,357

Annual Expense

$48,165

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
121$1,450$1,450$1,600$1,600
211$1,150$2,300$2,590$5,180
111$1,250$1,250$1,295$1,295
111$1,295$1,295$1,295$1,295
111$1,050$1,050$1,295$1,295
301$1,095$3,285$3,375$10,125
101$1,045$1,045$1,125$1,125
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
1067$11,675$21,915

Let’s Discuss This Property

Please fill out the form below and we’ll get back to you as soon as we can.

This field is for validation purposes and should be left unchanged.

Leave a Reply

Close Menu