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1846 Olive Ave, Long Beach 90806

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.

current

UNITS: 10

GROSS RENT MULTIPLIER: 2%

CAP RATE:

PRICE

$1,875,000

ANNUAL INCOME

$140,100

ANNUAL NOI

$919,357

ANNUAL EXPENSE

$48,165

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL 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 UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
1067 $11,675 $21,915
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