$1,157,000
$1,195,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
6,550 Sqft Lot
SOLD DATE : 06/01/2026
Key Details
Sold Price $1,157,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID OC26090391
Sold Date 06/01/26
Bedrooms 6
Lot Size 6,550 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1941 Olive is an exceptional opportunity to own a fully turnkey 4-unit in the heart of Long Beachs highly desirable Poly High area, just minutes from Signal Hill and a short drive to the ocean. Built in 1920, this unique property spans three separate buildings totaling 2,554 rentable square feet on a 6,550 SF lot, delivering a rare bungalow-style layout that lives more like a collection of private homes than a typical apartment complex. The entire property has been comprehensively renovated with no detail overlooked, featuring all-new plumbing, permitted electrical, new windows and doors, upgraded flooring, and fresh interior and exterior paint. Each unit boasts fully remodeled kitchens and bathrooms with new cabinetry, granite countertops, stainless steel appliances, and modern finishes throughout, creating a clean, contemporary living experience that attracts quality tenants and supports premium rents. Curb appeal and functionality are dialed in with a brand-new vinyl fence for added privacy, along with 4 detached enclosed garage spacesan extremely valuable amenity in this high-demand rental pocket. The unit mix is both practical and desirable: (1) 3-bed / 1-bath standalone home and (3) 1-bed / 1-bath units, including another standalone unit, offering flexibility for owner-users or investors looking to maximize income. This is a true plug-and-play investment with zero deferred maintenance, delivering immediate cash flow from day one. A standalone coin-operated laundry room provides additional passive income, further enhancing returns. Adding to the appeal is future upside
Location
State CA
County Los Angeles
Zoning Assessor
Direction 405 freeway exit Atlantic and head south, left on east 20th, right on olive, property is on right.
Interior
Heating Floor Furnace
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7210010014
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA
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