1402 Olive, Long Beach, California 90813, Long Beach, 90813 - 4 bed, 2 bath
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Long Beach, California 90813
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $750,000—positioned well below the $799,697 Fair Market Value by 6%. This valuation gap provides $49,697 in Instant Equity for incoming buyers. While the home holds a Functional Condition Rating, its original 1978 finishes and Large 7,167 Sqft Lot offer significant potential for forced appreciation through cosmetic updates. Featuring Central A/C and a Covered Patio, the property balances immediate utility with long-term upside. This is an ideal acquisition for Owner-Occupants seeking space or Buy-and-Hold Investors targeting the Long Beach Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1402 Olive Subject | $750,000* List Price | 4 | 2 | 1,333 | $563 | - |
A 1334 E 9th Street E Sold | $585,000 | 2 | 2 | 1,050 | $557 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is well-maintained but shows clear signs of age with original-style aluminum windows, dated wood kitchen cabinetry, and older white appliances. While the home is move-in ready with functional systems like central A/C and tile flooring, it lacks recent renovations and requires cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7167, living area = 1333.
The property features an expansive 7,167 sqft lot with a large backyard and covered patio, offering rare outdoor space for entertaining and relaxation in a central urban setting.
Equipped with central air conditioning and heating, this home ensures year-round comfort and functionality, a significant value-add for properties in this area.
Built in 1978 and featuring original aluminum windows, the property may require aesthetic updates or energy-efficiency upgrades to meet contemporary buyer standards.
Situated in the Poly High area, the neighborhood is densely populated, which can lead to increased traffic and limited street parking for guests.
1402 Olive Ave. features 4 bedrooms, 2 bathrooms, a spacious living room, central heating and air conditioning, and an attached 2-car garage with direct access. Situated on a generously sized lot, 1402 Olive Ave offers an exceptionally large outdoor space that is rarely found in Long Beach. The expansive backyard presents excellent potential for expansion, outdoor amenities, or other value-add possibilities (buyer to verify). Conveniently located near schools, shopping, dining, and major freeway access, this property offers a unique opportunity to maximize the potential of a home on an oversized lot. Sold as-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,333 | 1,556.5 |
| Lot Size | 7,167 | 5,910 |
| Price | $750.0K | $1.02M |
| Price per sq ft | $563 | $721 |
| Built year | 1978 | 1949 |
| HOA | $0 | $240 |
| Days on market | 159 | 46 |
Feb 13, 2026
$750,000
Initial Listing
Jan 2, 2013
$195,000
Public Record
Dec 11, 2002
$210,000
Public Record
Jun 21, 1995
$130,000
Public Record