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  • 727 Olive Avenue

727 Olive Avenue, Long Beach, CA 90813

$2,175,000 Approx. USD 12 beds, 11 baths
6,792 sqft
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Photo of Suzanne Robinson

Suzanne Robinson REALTOR® - Sales Associate 949-697-6252 m
Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com Text Me
Call My Cell
Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
Phone: 949-499-5900
Fax: 949-499-1414
 Laguna Beach 30812 South Coast Hwy
Laguna Beach, CA 92651
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Listing Agent


Jonathan Swire | jon@jonswire.com
Lic#: 01336277
Broker: Courtesy of The Agency
Phone: 310-948-2631

Agent Remarks

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 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 9.1 GRM and 7.3% 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26853651
Price: $2,175,000
Beds: 12
Baths: 11
Built in 1923
6,792 sqft
2 stories
0.17 acres
Lot size: 0.1723
County: Los Angeles
Zoning: LBR4R
Parking description: Assigned
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 7/8/2026

 Days On Market (DOM): 17

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

Lat/Long: 33.775952, -118.182760.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Suzanne Robinson

Suzanne Robinson REALTOR® - Sales Associate 949-697-6252 m
Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com Text Me
Call My Cell
Lic#: 00915756
NRDS ID: 172500507
SuzanneRobinson@bhhscal.com
Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
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