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Listed by Deborah Moussighi of Keller Williams Realty Calabasas
Appraised In August 2023 at $5,350,000 (with a 78% occupancy) Contact Agent for Income & Expense Report. 5 Units Permitted with Current Owner for Airbnb & Traveling Nurses Program. Each has own ADT system connected to the Fire, Police, Ambulance Dept. & security doors. Camera system & motion sensor flood lights around entire compound. Both the front and back of the property have Security gates. There is a 24 hour maintenance man/security who lives directly next door. Owner wanted to create a compound that felt like a safe haven. Units are remodeled & furnished with new stoves, refrigerators, mini split A/C and heating units & new Tankless Water Heaters! Main home is permitted for Airbnb & separated from other units for added privacy. Was Originally 3 Units, seller added an ADU and JR ADU. Main house (1065 Olive) consists of a 3bd 2bth unit with its own washer, dryer, and private parking for two cars including electric car charger as well as gated parking. The back unit 1065 ½ is a 1bd 1 bath with its own private yard for reading or entertainment as well as new appliances including its own washer & dryer. Unit 1065A is a studio with 1bth. Consists of its own private patio area perfect for quite reading and your pet to hang out there. Unit 1067 Olive is 2bd 1bth with new appliances and private parking access from the alleyway where there is another electric car charger. Unit 1069 is 1bd 1bth with new appliance and a private parking space. All units have access to high speed WIFI. There is a washer and dryer at the back of the unit that units 1065A, 1067, and 1069 share to give the units more space. All units are individually metered for water, electric, and Gas. Saint Mary's hospital is ½ a block away for added convenience. The traveling nurses' program is a perfect fit for short term, high rent with little to no vacancies throughout the year. The staff at saint Mary's hospital consists of over 70% of staff that are from out of state. The program is called Travel Nurse Housing Stipend. The information is clear on what they are allowed and how much they can afford to spend for housing. This makes the property free from rent control and avoids any nonpaying renters and having to wait months to evict. A private compound in an excellent location. Very close proximity to Shoreline Drive - aquarium of the pacific, the queen Mary, the Long Beach Convention Center and so much more. Very close proximity drive to the beach and major attractions and restaurants.

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Based on information submitted to CRMLS as of December 1, 2023 5:51 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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