1972 Olive, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
Loading property details...
1972 Olive
Long Beach, California 90806
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,132Sq Ft
6,506Lot Size
Property Price
LIST PRICE$1,099,999
EST. MARKET VALUE
$1,034,626
6% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Residential Income asset listed at $1,099,999, positioned above the $1,034,626 Fair Market Value. Featuring a Condition Rating of 2, this turnkey property includes a remodeled duplex and two newly constructed ADUs, offering immediate rental income streams. Located in the Poly High School District, the property provides significant value through its modern upgrades and dedicated private parking. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, multi-unit property with modern infrastructure in a high-demand area.
Estimated Market Value
$1,034,626
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1972 Olive Subject | $1,099,999* List Price | 0 | 0 | 2,132 | $485 | - |
A 932 E 23rd Street Sold | $838,000 | 0 | 0 | 1,900 | $441 | 0.4 mi |
B 1941 Olive Avenue Sold | $1,157,000 | 0 | 0 | 2,554 | $453 | 0.1 mi |
C 410 E 21st Street Active | $840,000 List Price | 0 | 0 | 1,931 | $435 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1929, the property has undergone a comprehensive recent remodel and includes two newly constructed ADUs. The interiors feature modern kitchens with quartz countertops and dark wood cabinetry, updated bathrooms with new vanities and fixtures, new flooring, recessed lighting, and energy-efficient mini-split HVAC systems, placing it in the under 5-year renovation category.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
The property features four separate dwellings, including a remodeled duplex and two newly constructed ADUs, offering multiple rental streams and maximum investment flexibility.
- Turnkey Condition
With recently updated front units and brand-new ADUs, the property minimizes immediate maintenance costs and appeals to high-quality tenants seeking modern living spaces.
- Essential Amenities
Rare for the area, the inclusion of dedicated private parking significantly increases the property's desirability and rental value in a high-density Long Beach neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2132, other record living area = 650.
- Historic Infrastructure
Originally built in 1929, the primary structure may require ongoing maintenance or future upgrades to aging systems despite recent cosmetic renovations.
- High Density on Lot
Accommodating four units on a 6,506 square foot lot results in limited private outdoor space and high density, which may impact long-term tenant privacy.
About 1972 Olive
POLY HIGH SCHOOL DISTRICT INCOME OPPORTUNITY! Rarely available, this recently remodeled property offers four separate dwellings designed to maximize income potential. The front duplex features updated 2-bedroom/1-bath units, complemented by two newly constructed 1-bedroom/1-bath ADUs, creating an exceptional multi-unit investment opportunity. Each residence offers its own private living space, while dedicated private parking adds significant convenience and value. Ideally located in Long Beach’s desirable Poly High School District, close to shopping, dining, schools, transportation, and major freeways. Whether you're looking to expand your investment portfolio, house multiple generations, or generate multiple rental streams, this property delivers flexibility, modern upgrades, and outstanding income potential.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1929
- Lot Size
- 6,506 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 • 0.3 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,132 | 2,300.724 |
| Lot Size | 6,506 | 5,277.379 |
| Price | $1.10M | $1.24M |
| Price per sq ft | $516 | $513 |
| Built year | 1929 | 1949 |
| HOA | $0 | $0 |
| Days on market | 7 | 74 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,099,999
Initial Listing
Sold
Apr 27, 1995
$101,500
Public Record