521 Olive Avenue, Long Beach, California 90802, Long Beach, 90802 - 4 bed, 2 bath
ACTIVE$775,000
521 Olive Avenue, Long Beach, California 90802
4Beds
2Baths
1,175Sqft
2,223Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential & Flexibility: This Craftsman-style Duplex offers a 2-bed/2-bath front house and a separate, updated studio unit in the back, providing excellent 'house-hacking' or rental income opportunities.
Top Cons:
Limited Parking: Only one parking space is available in the driveway, assigned to the front house, which may be insufficient for a duplex with multiple tenants or vehicles.
Compared to the nearby listings
Price:$775.0K vs avg $1.05M ($-275,000)27%
Size:1,175 sqft vs avg 2,688 sqft9%
Price/sqft:$660 vs avg $48882%
More Insights
Built in 1912 (113 years old).
Condition: The property, built in 1912, has undergone recent updates as described, including fresh paint, new fixtures, and refreshed kitchens and bathrooms in both units. The images confirm a clean, move-in ready condition with functional, well-maintained spaces. Kitchens feature white cabinets, laminate countertops, and white appliances, which are clean but not high-end modern. Bathrooms have classic white tile and pedestal sinks, also clean and functional. While the property retains original charm like hardwood floors and coffered ceilings, and benefits from modern mini-split AC units, some older elements like wall heaters are present. It is move-in ready with no immediate renovations required, aligning with a 'Good' condition score rather than 'Excellent' due to the functional but not luxurious finishes.
Year Built
1912
Close
-
List price
$775K
Original List price
$799K
Price/Sqft
$660
HOA
-
Days on market
-
Sold On
-
MLS number
SB25172349
Home ConditionGood
Features
Deck
Patio
View-
About this home
Just updated with fresh paint and landscaping! Welcome to 521 Olive Avenue in Long Beach's East Arts Village neighborhood. This charming, Craftsman-style Duplex consists of a 2 bedroom, 2 bath front house and a spacious studio unit in the back. The front house maintains original charm but has also been updated with modern-day amenities. The original hardwood floors and the coffered ceilings add an ornate touch. The front house was updated with all new fixtures, fresh paint, new carpet in the primary bedroom along with updates to the bathroom and kitchen. The studio has its own entry and sits behind the front house. The studio has also been nicely updated and is complete with a full bathroom and kitchen. There is a parking space for 1 vehicle in the driveway which is assigned to the front house. This property is in a great location and allows for easy access to Downtown Long Beach, the Aquarium of the Pacific, 2nd Street & Naples Island and is close to the Pacific Ocean and just a short distance to the fourth street corridor. Great starter-home or house-hacking opportunity!! PRICED TO SELL!!
Nearby schools
7/10
Stevenson Elementary School
Public,•K-5•0.1mi
6/10
Chavez Elementary School
Public,•K-5•0.2mi
7/10
International Elementary School
Public,•K-5•0.5mi
7/10
Lincoln Elementary School
Public,•K-5•0.6mi
7/10
Roosevelt Elementary School
Public,•K-5•0.9mi
5/10
Edison Elementary School
Public,•K-5•1.0mi
6/10
Franklin Classical Middle School
Public,•6-8•0.3mi
6/10
Washington Middle School
Public,•6-8•1.1mi
6/10
Polytechnic High School
Public,•9-12•1.0mi
3/10
Cabrillo High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
12/08/23
Sold
$770,000
06/10/21
Sold
$705,000
04/12/16
Sold
$450,000
07/01/04
Sold
$300,000
Condition Rating
Good
The property, built in 1912, has undergone recent updates as described, including fresh paint, new fixtures, and refreshed kitchens and bathrooms in both units. The images confirm a clean, move-in ready condition with functional, well-maintained spaces. Kitchens feature white cabinets, laminate countertops, and white appliances, which are clean but not high-end modern. Bathrooms have classic white tile and pedestal sinks, also clean and functional. While the property retains original charm like hardwood floors and coffered ceilings, and benefits from modern mini-split AC units, some older elements like wall heaters are present. It is move-in ready with no immediate renovations required, aligning with a 'Good' condition score rather than 'Excellent' due to the functional but not luxurious finishes.
Pros & Cons
Pros
Income Potential & Flexibility: This Craftsman-style Duplex offers a 2-bed/2-bath front house and a separate, updated studio unit in the back, providing excellent 'house-hacking' or rental income opportunities.
Prime Location & Accessibility: Situated in Long Beach's East Arts Village, the property boasts easy access to Downtown Long Beach, the Aquarium of the Pacific, 2nd Street, Naples Island, the Pacific Ocean, and the vibrant Fourth Street corridor.
Charming Craftsman Architecture: The front house retains its original charm with features like hardwood floors and coffered ceilings, appealing to buyers who appreciate historic character.
Recent Updates & Fresh Condition: Both units have been recently updated with fresh paint, new landscaping, new fixtures, and refreshed bathrooms and kitchens, offering a move-in ready experience.
Strong Historical Appreciation: The property demonstrates a robust history of value appreciation, with significant increases in sales price over the past two decades, indicating a solid investment.
Cons
Limited Parking: Only one parking space is available in the driveway, assigned to the front house, which may be insufficient for a duplex with multiple tenants or vehicles.
Small Lot Size: The property sits on a compact 2,223 sqft lot, offering minimal outdoor space for recreation or expansion.
Compact Living Space: With a total of 1,175 sqft for 4 beds and 2 baths across two units, the individual living spaces may feel constrained for some occupants.