1941 Olive Avenue, Long Beach, California 90806, Long Beach, 90806 - bed, bath

1941 Olive Avenue, Long Beach, California 90806 home-pic-0

1941 Olive Avenue

Long Beach, California 90806

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,554Sq Ft
6,550Lot Size

Property Price

LIST PRICE$1,194,988

SUMMARY

Analysis of 1941 Olive Avenue, Long Beach, California 90806 is currently available with a list price of $1,194,988. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being originally built in 1920, the property has undergone a comprehensive, permitted renovation within the last 5 years. The upgrades include all-new plumbing and electrical systems, new windows, and fully modernized kitchens and bathrooms featuring granite countertops and stainless steel appliances, resulting in a turnkey condition with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Fully Turnkey Renovations

    The property has undergone extensive permitted upgrades, including new plumbing, electrical, windows, and modern kitchens/baths, eliminating immediate capital expenditure and deferred maintenance for the buyer.

  • High-Demand Bungalow Layout

    Featuring a rare configuration of three separate buildings, the units offer a private-home feel that commands premium rents and attracts long-term tenants compared to traditional apartment complexes.

  • Superior Parking & Amenities

    The inclusion of four detached enclosed garages and a standalone coin-operated laundry room provides a significant competitive advantage and additional income streams in a dense rental market.

CONSRISKS & DEFICIENCIES

  • Century-Old Construction

    Originally built in 1920, the property may still present inherent challenges related to its vintage foundation or structural footprint despite the comprehensive system renovations.

  • High-Density Urban Setting

    Located in a very active rental corridor near a major high school, the property may experience higher levels of local traffic and noise, which could impact specific tenant demographics.

About 1941 Olive Avenue

1941 Olive is a killer opportunity to lock up a fully turnkey 4-unit in the heart of Long Beach’s extremely desirable Poly High area, just minutes from Signal Hill and a short drive to the ocean. Built in 1920, this property consists of three separate buildings totaling 2,554 rentable square feet on a 6,550 SF lot, offering a rare bungalow-style layout that feels more like private homes than a traditional apartment complex. The entire property has been extensively renovated, including all new plumbing, new electrical with permits, new windows and doors, new flooring, fresh interior and exterior paint, and completely updated kitchens and baths featuring new cabinetry, granite countertops, stainless steel appliances, and modern fixtures throughout. Adding to the curb appeal and tenant privacy is a brand-new vinyl fence, along with 4 detached enclosed garage spaces, a major advantage in this dense rental pocket. The unit mix is strong and highly rentable: (1) 3-bed / 1-bath standalone home and (3) 1-bed / 1-bath units, one of which is also standalone. Every unit has been recently renovated, making this a true plug-and-play investment with zero deferred maintenance, perfect for an owner-user or an investor seeking immediate cash flow and market rents from day one. There is also a standalone coin-operated laundry room, providing additional income and enhancing overall returns. At only $300,000 per unit, this asset offers a low barrier to entry with compelling fundamentals, including a 6.74% CAP rate and a 12.5 GRM on current income, exactly the type of performance metrics investors are targeting in today’s market. With off-street parking, easy access to the 405 and 710 freeways, proximity to employment hubs, shopping, dining, and the Long Beach coastline just minutes away, 1941 Olive stands out as a fully renovated, stabilized, cash-flowing asset with long-term upside in one of Long Beach’s most active and desirable rental corridors.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1920
Lot Size
6,550 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Long Beach Unified Schools

Burnett Elementary School

Grades K-5 • 0.4 mi

5/10

Roosevelt Elementary School

Grades K-5 • 0.5 mi

7/10

Whittier Elementary School

Grades K-5 • 0.7 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,5542,429
57%
Lot Size6,5505,414
71%
Price$1.19M$1.00M
71%
Price per sq ft$468$453
50%
Built year19201931
14%
HOA$0$0
50%
Days on market55222
14%

Pricing History

Listed for Sale

Mar 4, 2026

$1,194,988

$1,199,988

+0% Price Increase

Initial Listing

Price Change

Jan 10, 2026

$1,199,988

Initial Listing

Sold

Jan 28, 2019

$950,000

Public Record

Sold

Dec 1, 2017

$550,000

Public Record

Sold

Jun 7, 2002

$259,000

Public Record

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