727 Olive Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated payment $14,692/month
Highlights
- 0.17 Acre Lot
- Laundry Room
- 3-minute walk to Gumbiner Park
- Long Beach Polytechnic High School Rated A
About This Home
PRICED REDUCED TO SELL AT 9.4 GRM AND 7.0% CAP AGAINST IN PLACE RENTS WITH UPSIDE. Earn over an 8% cash on cash return against in place rents. 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 bed house.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 to verify. The property features updated electrical (Buyer to verify) and plumbing has been updated as interior updates have been made. All windows are updated as well. This property is perfect for an investor looking for a building with most of the heavy lifting done. Yet there is still some upside left to a 9 GRM and 7.5% CAP. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Additionally, Long Beach Airport is going through a $37MM overhaul in preparation for the 2028 Olympics.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Interior Spaces
- 6,792 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 11 Bathrooms
Parking
- 7 Parking Spaces
- Assigned Parking
Additional Features
- 7,504 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 11 Units
Listing and Financial Details
- Assessor Parcel Number 7274-020-012
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,174 | $2,517,735 | $1,634,472 | $883,263 |
| 2024 | $32,662 | $2,468,369 | $1,602,424 | $865,945 |
| 2023 | $32,101 | $2,419,970 | $1,571,004 | $848,966 |
| 2022 | $30,134 | $2,372,520 | $1,540,200 | $832,320 |
| 2021 | $18,094 | $1,367,055 | $885,852 | $481,203 |
| 2020 | $18,046 | $1,354,358 | $876,769 | $477,589 |
| 2019 | $17,834 | $1,327,829 | $859,578 | $468,251 |
| 2018 | $17,344 | $1,301,820 | $842,724 | $459,096 |
| 2016 | $4,794 | $284,712 | $71,504 | $213,208 |
| 2015 | $4,636 | $280,436 | $70,430 | $210,006 |
| 2014 | $4,669 | $274,944 | $69,051 | $205,893 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/10/2026 08/10/26 | Price Changed | $2,155,000 | -0.5% | $317 / Sq Ft | |
| 07/27/2026 07/27/26 | Price Changed | $2,165,000 | -0.5% | $319 / Sq Ft | |
| 06/29/2026 06/29/26 | For Sale | $2,175,000 | -6.5% | $320 / Sq Ft | |
| 03/15/2021 03/15/21 | Sold | $2,326,000 | +2.1% | $342 / Sq Ft | View Prior Sale |
| 01/22/2021 01/22/21 | Pending | -- | -- | -- | |
| 01/11/2021 01/11/21 | For Sale | $2,279,000 | -- | $336 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,250,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Grant Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | First American | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $850,000 | Commercial | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $150,000 | Commercial |
Source: The MLS
MLS Number: 26853651
APN: 7274-020-012
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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