4302 Olive Avenue
About This Property
While tax records reflect the home as having 2 bedrooms, a versatile enclosed bonus room used as a 3rd bedroom adds flexibility. Step outside to your private backyard oasis, surrounded by lush greenery and mature fruit trees, including your very own avocado tree. Whether you're entertaining guests, soaking up the sun, or enjoying a peaceful garden moment, this outdoor space offers beauty, serenity, and possibility. Additional highlights include a rare three-car garage with alley access and an extra parking space, ideal for storage, hobbies, or potential ADU conversion. Living in Bixby Knolls means more than just owning a beautiful home. Just blocks away, Atlantic Avenue offers an array of local favorites like SteelCraft, Twig & Willow, wine bars, coffee shops, and the vibrant First Fridays art walk. Here, you'll find community, culture, and convenience in one of Long Beach's most beloved neighborhoods.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2025 | Sold | ||
| Sold | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by Estate Properties | $1,299,000 | |
| Listed by Estate Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017