1972 Olive, Long Beach, California 90806, Long Beach, 90806 - 6 bed, 4 bath
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Long Beach, California 90806
This Turnkey Multi-Unit Income Asset is listed at $1,250,000, representing a premium acquisition positioned near its $1,174,265 Fair Market Value. The property features a Recently Remodeled Duplex paired with two New Construction Jr ADUs, all boasting a Mint Condition Rating with modern shaker cabinetry and quartz countertops. Located within the Long Beach Unified district near Signal Hill Elementary, the 6,506 sqft lot provides ample private parking for all units. This high-density configuration offers exceptional rental upside, making it a strategic choice for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1972 Olive Subject | $1,200,000* List Price | 6 | 4 | 2,132 | $487 | - |
A 1941 Olive Avenue Sold | $1,157,000 | 0 | 0 | 2,554 | $453 | 0.1 mi |
B 410 E 21st Street Active | $840,000 List Price | 4 | 2 | 1,931 | $435 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1929, the property has undergone an extensive recent renovation within the last 5 years and includes new construction ADUs. The interiors feature modern shaker-style cabinetry, quartz countertops, stainless steel appliances, updated recessed lighting, and contemporary laminate flooring. The bathrooms have been fully updated with modern tile work and fixtures, leaving no visible deferred maintenance.
The property features a rare four-unit configuration consisting of a remodeled duplex and two new-construction Jr ADUs, offering exceptional versatility for rental income or multi-generational living.
With a recently remodeled main structure and brand-new ADU additions, the property offers modern aesthetics and reduced immediate maintenance needs for a new owner.
Situated on a generous 6,506 sqft lot, the inclusion of plenty of private parking is a significant competitive advantage in the high-density Long Beach rental market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2132, other record living area = 1292. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
Originally built in 1929, the property may have underlying vintage plumbing or electrical systems that could require future attention despite recent cosmetic and unit upgrades.
With six bedrooms and four bathrooms distributed across 2,132 square feet, the individual living spaces and kitchenettes are likely quite compact, which may limit long-term tenant stay duration.
Exceptional multi-unit opportunity located at 1972 Olive Avenue in the Central Long Beach / Poly High District area, just north of Downtown Long Beach. This community has a mix of historic character, urban convenience, and steady investment growth—making it appealing for both homeowners and investors. Recently remodeled duplex and new construction Jr ADU's. Each main unit offers 2 bedroom / 1 bathroom with abundant natural light, cozy living area. With it's own private entrance, each ADU offers 1bedroom / 1 bath with a kitchenette making it perfect for rental income, guests, or extended family. Situated on a generous lot, the property includes plenty of private parking. Conveniently located near local schools, shopping, dining, and easy freeway access, this property combines versatility with strong income potential. Don’t miss this rare opportunity to own a flexible, income-producing property in a rapidly growing area of Long Beach.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,132 | 2,100 |
| Lot Size | 6,506 | 5,077.5 |
| Price | $1.20M | $1.14M |
| Price per sq ft | $563 | $519 |
| Built year | 1929 | 1950 |
| HOA | $0 | $0 |
| Days on market | 123 | 68 |
Jun 11, 2026
$1,200,000
$1,250,000
-4% Price Drop
Initial Listing
Apr 10, 2026
$1,250,000
$1,300,000
-4% Price Drop
Initial Listing
Mar 21, 2026
$1,300,000
Initial Listing
Apr 27, 1995
$101,500
Public Record