$1,699,000
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848 Olive Avenue Long Beach, CA 90813
Fourplex
Residence
Beds
Baths
...
Bed/Bath
4,318
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
**PRICED BELOW MARKET TO EXPEDITE SALE** Just look at the comps!- Don't miss out.
Welcome to your next opportunity! This beautifully renovated property is more than just a place—it's a dream come true for both investors and future homeowners. Imagine owning a property that has been meticulously upg...raded from top to bottom, ensuring peace of mind and minimal maintenance for years to come. Nestled in a prime location, this gem promises not only an attractive and comfortable living space but also a lucrative investment with rising rental income. Ready to dive into the details of this extraordinary find?
This stunning property has undergone extensive improvements to ensure it stands out in the market. In 2019, it was comprehensively upgraded with the following enhancements:
- New kitchen cabinets with granite countertops
- Upgraded plumbing with copper and shut-off valves for each unit
- New electrical systems
- New windows
- New flooring with tile throughout all four units
- Includes an income generating laundry room that brings in an additional $95-$110/month!
Additionally, the property received a new sewer system, new garage doors, and concrete surrounding the building to minimize maintenance needs. In 2023, a new roof was installed, and this year, the property was outfitted with new stucco, making it nearly 100% redone.
These updates provide any potential new owner with the assurance of minimal headaches and a smooth ownership experience, primarily involving the collection of monthly rent.
All tenants are current with their rent payments, and starting January 1, all tenants are due for a rent increase, bringing in an additional $960 per month. This turnkey property promises both stability and increased revenue, making it an excellent opportunity.
Secure your investment today and start reaping the benefits of this meticulously upgraded gem, where every detail has been taken care of for you. Act fast—this rare find won’t stay on the market for???????????????????????????????????????? long!!
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MLS#
OC24124439
Property Type
Fourplex
Year Built
1967
Square Feet
4,318
sq. ft
Lot Size
0.14
Sewer
Public Sewer
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