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Closed
- Listed price
- $995,000
- Listed Mar 19, 2020
- Sold price
- $960,000
- Sold Aug 7, 2020
6,502 sqft lot|1922 Built|130 MLS days on market
1224 Olive Ave, Long Beach, CA 90813
Property Description
1224 Olive Avenue is a four-unit invesment asset in a desirable Long Beach location just North of East Village Arts District, minutes to Downtown Long Beach amenities and employment opportunities. The property offers four spacious two-bedroom units, as well as ample parking of four garages and a parking pad, giving a new owner the opportunity to rent spaces to neighboring tenants for additional income. Offered at a solid 4.32% cap rate on in-place rents, the property provides potential rental upside of +/-18% and gives an investor the opportunity to own an attractive asset in an expanding rental market just outside of Downtown Long Beach. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents.
Listing agent: Robert SteppDRE #01456379rstepp@steppcommercial.com, Listing office: Keller Williams - Santa Monica
MLS data updated 10/26/2026, 2:37:43 AM PT
Source: CRMLSMLS #: PW20060189
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$960,000
Aug 7, 2020
Available records22020
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90813 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90813 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.