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Sold on 12/16/2025
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1209 Olive Ave, Long Beach, CA 90813

$1,300,000

Last sold 12/16/2025 after 253 Days

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    bed

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    bath

Multi-family not for sale
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About 1209 Olive Ave

Property type Multi-family
Neighborhood
Year built 1928
HOA fee $0/month
Lot size 6,501 Sqft
Parking 1 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Steven Bogoyevac
Listing Agent Contact: Steve.bogoyevac@marcusmillichap.com
Listing Office - Steven M. Bogoyevac, Broker
Source: CRMLS mls logo
MLS#PW25075601 • last updated 10 months ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.1492
Lot Size (SqFt) 6501
Year Built 1928
Interior
Laundry Community
Exterior
Building Area Square Feet, 3540
# Uncovered Spaces 1
# Parking Spaces 2
# Garage Spaces 1
Lot Description Rectangular Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Suburban
Subdivision N/a, Other (OTHR)
Zoning LBR4R
Directions Between Anaheim & 11th
APN 7274003010
Multifamily Details
Operating Expense 42501
Cap Rate 6.52
Gross Scheduled Income 131660
Rental est.: $1,333/month
Gross rent multiplier: 81.3
  • Dec 2025
    mls logo MLS # PW25075601
  • Dec 16, 2025 Sold
    $1,300,000
  • Nov 17, 2025 Pending
    —
  • Sep 17, 2025 Active
    —
  • Apr 7, 2025 Listed
    $1,312,000 (+29.3%)
  • Dec 2025
    Public Records
  • Dec 16, 2025 Sold
    $1,300,000 (-0.9%)
  • Mar 2021
    Public Records
  • Mar 23, 2021 Sold
    $1,015,000 (+174.3%)
  • Jan 2017
    mls logo MLS # P752002
  • Jan 11, 2017 Sold
    $370,000 (-57.0%)
  • Sep 11, 2010 Listed
    $412,000
  • Jun 2016
    mls logo MLS # OC16067950
  • Jun 17, 2016 Sold
    $860,000
  • Jun 17, 2016 Sold
    $860,000
  • Apr 1, 2016 Listed
    $859,900
  • Apr 1, 2016 Listed
    $859,900 (+132.4%)
  • Jun 2016
    Public Records
  • Jun 16, 2016 Sold
    $860,000
  • Mar 2011
    Public Records
  • Mar 9, 2011 Sold
    $370,000 (-10.2%)
  • Year Property taxes Tax assessment
  • 2025
    $15,220 +4.6%
    $1,099,097 +2.0%
  • 2024
    $14,548 +1.8%
    $1,077,555
  • 2023
    $14,296 +6.4%
    $1,077,555 +4.04%
  • 2022
    $13,431 +9.5%
    $1,035,730 +10.07%
  • 2021
    $12,264 +0.3%
    $940,963 +1.04%
  • 2020
    $12,232 +4.4%
    $931,320 +4.04%
  • 2018
    $11,713
    $895,174
  • 1209 Olive Ave
    $1.3M
  • Saint Mary
    $570K +29% y/y
  • 90813
    $579K +11% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Roosevelt Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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