$1,300,000
SOLD DEC 16, 2025
6 Beds
3 Baths
3,540 Sq Ft
6,501 Sq Ft Lot

Recently Sold

$367 Per Sq Ft

1% Below List Price

163 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 4-minute walk to Peace Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of December 2025

1209 Olive Avenue is a six-unit multifamily investment property in Long Beach, California. This offering comprises a desirable mix of a three-bed/one-bath home in the front, a two-bed/one-bath home in the middle, and a rear two-story fourplex with all one-bed/one-bath units. The units are separately metered for gas and electricity, and the property also offers shared on-site laundry.
1209 Olive Avenue is located on the border of the Poly High and Cambodia Town neighborhoods near the intersection of Anaheim Street and Atlantic Avenue and proximate to retail (WalkScore: 91). Current rents offer a new investor 13 percent rental upside. 1209 Olive Avenue is offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1151 Pacific Avenue, a fourplex. Properties available separately or together.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 04/07/2025

Last Buyer's Agent

Malcolm Zeger

Buckingham Investments, Inc License #02013882

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,540 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 19 / 1
  • Assessor Parcel Number 7274003010
  • $1,151 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Net Operating Income $85,578

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • CapRate: 6.52
  • Property Attached: No
  • Zoning: LBR4R
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7274003010
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 367.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Gross Scheduled Income: 131660.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 85578.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 42501.00
  • Rent Control: Yes

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5763.02
  • Tax Lot: 19
  • TaxOtherAnnualAssessmentAmount: 1151.00

Range of Values:

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Value Increase
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2025 12/16/25 Sold $1,300,000 -0.9% $367 / Sq Ft
09/17/2025 09/17/25 Pending -- -- --
04/07/2025 04/07/25 For Sale $1,312,000 +52.6% $371 / Sq Ft
06/17/2016 06/17/16 Sold $860,000 0.0% $249 / Sq Ft View Prior Sale
05/05/2016 05/05/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $859,900 -- $249 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25075601

California Regional Multiple Listing Service (CRMLS)