CA > Long Beach > Alamitos Beach (Ab)
Long Beach, CA 90813,1201 Olive AVE
Long Beach, CA 90813,1201 Olive AVE
Long Beach, CA 90813,1201 Olive AVE
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$875,000
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2,552 SqFt
Pending

1201 Olive AVE Long Beach, CA 90813

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

10/18/2024 09:57 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,552 sqft

Price per Sqft $342

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW24198055

HOA Y/N No

Year Built 1919

Lot Size 6,542 Sqft

Acres 0.1502

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!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4R

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Flooring Vinyl

Fireplace No

Laundry Inside

Exterior

Garage Assigned

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs

Roof Type Shingle

Parking Type Assigned

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7274003012

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Juan Huizar • Sage Real Estate • 562-307-0838

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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1201 Olive AVE

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