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727 Olive Ave, Long Beach, CA 90813, USA

List Price: $2,279,000

Units: 11

Price Per Unit: $207,182

Price Per SF: $336

Cap Rate: 5.23%

Listing Agent: Steve "Bogie" Bogoyevac

JUST LISTED: 11 UNITS IN LONG BEACH

January 11, 2021

Just listed at a 5.23% cap rate for $2,279,000! 727 Olive Avenue in Long Beach offers an investor the opportunity to acquire an extensively renovated asset with a strong return on current rents and 17 percent potential rental upside. The property consists of three buildings, a mix of 10 one-bedroom units and one two-bedroom house, on-site laundry, five single-car garages and two surface parking spaces. The long list of recent capital expenditures includes new electrical, new plumbing, a newer roof, new windows, a new surveillance system, unit interior upgrades, and more. For more information, please contact Steve “Bogie” Bogoyevac at Steve.Bogoyevac@MarcusMillichap.com