1941 Olive Avenue, Long Beach, CA 90806
1941 Olive Avenue, Long Beach, CA 90806
1941 Olive Avenue, Long Beach, CA 90806
1941 Olive Avenue, Long Beach, CA 90806
1941 Olive Avenue, Long Beach, CA 90806
1941 Olive Avenue, Long Beach, CA 90806
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$1,157,000

$1,195,000

3.2%
Est.Price: ?

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Est. payment /mo

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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MLS Router / San Diego MLS
Listed by Eric Lem, DRE#01988183 Decorum Properties & Investments, Inc 
Bought with NON LISTED OFFICE
Nearby Locations

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Keegan Wetzel
Keegan Wetzel

Founder | Naval Academy | OIF Veteran | License ID: 02153342

+1(708) 256-7904

7734 Herschel Ave, La Jolla, CA, 92037, USA

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