727 Olive Avenue
Long Beach, CA 90813
12
Bed
0
Bath
6,792Sqft
7,504Sqft(Lot)
PRICED TO SELL AT 9.5 GRM AND 6.9% CAP AGAINST IN PLACE RENTS WITH UPSIDE. 11 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features 10 1 bedroom units and 2 bedroom/1 bath house. 8 of 10 units have been heavily updated with new paint, flooring, kitchen cabinets and bathrooms. There are 5 garages in the rear and 2 surface spaces which is an added bonus given how limited parking is in Long Beach. Additionally, a Buyer could convert the 5 rear garages to ADU's if they choose - adding another 2 units - Buyer t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 11 -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Cooling: None
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Building Information
Year Built: 1923Building Area Total: 6792Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 7504 Lot Size Acres: 0.1723 Lot Size Square Feet: 7,504
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Listing Price Information
Listing Price: $2175000
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Tax Information
Parcel Number: 7274020012
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Virtual Tour
Parking Information
Parking Total: 7 Assigned
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Location Information
Direction: 11 units NOT subject to local Rent Control.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | -- | 4,722 | 4,722 SqFt |
| 1081 Cherry Avenue, Long Beach, CA, 90813 | $1,050,000 | 2 | -- | 2,773 | 2,773 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1014 Gaviota Avenue, Long Beach, CA, 90813 | $668,000 | 2 | -- | 914 | 914 SqFt |
| 1323 Walnut Ave, Long Beach, CA, 90813 | $1,725,000 | 8 | 6 | -- | |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $969,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
| 1416 Orange, Long Beach, CA, 90813 | $1,299,999 | 6 | 4 | 2,926 | 2,926 SqFt |
| 1310 E Hellman, Long Beach, CA, 90813 | $1,725,000 | -- | -- | 5,735 | 5,735 SqFt |
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ByOwner last updated this listing 07/23/2026 @ 18:14
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