2173 Olive, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 1 bath
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Long Beach, California 90806
This Value-Add Residential Asset is listed at $675,000, positioned near its $636,709 Fair Market Value with a focus on significant development upside. Currently holding a Condition Rating of 5 due to deferred maintenance, the property offers a clear path to forced appreciation through renovation. The 5,251 sq ft lot features a detached two-car garage with alley access and a patio, providing an ideal footprint for an ADU conversion. Located near Signal Hill Elementary and Polytechnic High, this project is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2173 Olive Subject | $675,000* List Price | 3 | 1 | 1,084 | $587 | - |
A 2308 Lime Avenue Sold | $608,000 | 2 | 1 | 1,042 | $583 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1919, this property is explicitly marketed as a 'fixer' and sold in 'as-is' condition. The absence of interior photos, combined with the listing's description of 'deferred maintenance' and the need for 'significant interior updates and structural repairs,' indicates the home requires substantial rehabilitation. While the exterior structure appears intact, it shows signs of age and neglect consistent with a property targeted at investors and renovators.
The property features a detached two-car garage with alley access on a 5,251 sq ft lot, providing an ideal footprint for an Accessory Dwelling Unit to generate rental income or increase property value.
Offered for the first time in years as a 'fixer,' this home presents a rare opportunity for investors or renovators to build equity through a complete customization or a fix-and-flip strategy in a high-demand area.
Perfectly positioned near major freeways and minutes from Downtown Long Beach, the property offers excellent accessibility and is located just 0.15 miles from Burnett Elementary School.
The home is being sold in 'as-is' condition with only exterior photos available, suggesting significant interior updates and structural repairs may be necessary to make it move-in ready.
A three-bedroom configuration served by only a single bathroom is a drawback for modern families and may require a costly layout reconfiguration to remain competitive in the current market.
First Time on the Market: Long Beach Opportunity with ADU Potential in Prime 90806 Location. Now available in the heart of Long Beach! Offered for the first time in years, 2173 Olive Ave presents a rare chance to own a 3-bedroom, 1-bath single-family home in an established neighborhood with strong upside potential. Offering approximately 1,084 sq ft of living space and situated on a lot of approximately 5,251 Sq Ft, this property provides a functional layout with ample outdoor space and future potential. Situated on a lot with a detached 2-car garage and alley access, this property offers excellent ADU potential (buyer to verify) ideal for those looking to create additional living space, rental income, or a multi-generational setup. This home is being sold as-is and is perfect for investors, renovators, or buyers ready to bring their vision to life. With a functional layout and generous outdoor space, the possibilities are endless—fix and flip, add value, or customize to your needs. Exterior photos only at this time. Located near major freeways, local amenities, and just minutes from Downtown Long Beach, this property is well positioned for long term growth and investment potential. Properties with this combination of location, lot utility, and ADU potential are in high demand. Don’t miss your opportunity, call me today and book your private tour.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 1,084 | 1,312 | 26% |
| Lot Size | 5,251 | 5,976 | 37% |
| Price | $675.0K | $823.0K | 23% |
| Price per sq ft | $623 | $627 | 49% |
| Built year | 1919 | 1940 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 163 | 2% |
Mar 29, 2026
$675,000
Initial Listing