5381 Olive, Long Beach, California 90805, Long Beach, 90805 - bed, bath
5381 Olive
Long Beach, California 90805
Property Price
SUMMARY
Analysis of 5381 Olive, Long Beach, California 90805 is currently available with a list price of $699,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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
Property is moderate renovation needed.
Built in 1924, this property is a century-old duplex that has undergone some past updates, including shaker-style kitchen cabinetry and laminate flooring. However, the overall condition is consistent with a rental-grade 'investor' property; the appliances are dated, the bathroom fixtures are basic, and the interior shows visible wear and tear. While functional and maintained through regular upkeep, it lacks the comprehensive recent renovations or modern system upgrades required for a 'good' or 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Detached Unit Layout
Unlike traditional duplexes, these units share no common walls, providing tenants with superior privacy and a single-family residential feel that commands higher rental interest.
- Separate Utility Metering
The property features individual gas and electric meters and dedicated hot water tanks for each unit, significantly reducing landlord overhead and simplifying utility management.
- Low-Maintenance Grounds
With block fencing on three sides, cement walkways, and minimal landscaping, the property is designed for ease of ownership and reduced long-term exterior upkeep costs.
CONSRISKS & DEFICIENCIES
- Century-Old Construction
Built in 1924, the property may require significant capital improvements to address aging infrastructure and systems typical of homes from this era.
- Compact Living Spaces
With a total of 1,240 square feet split between two 2-bedroom units, the interior living areas are relatively small, which may limit appeal for tenants seeking more spacious accommodations.
About 5381 Olive
Investor's Delight! Profile shows as a duplex, known as 5381 and 5379 Olive Ave., but the units do not share a common wall. Each unit has 2 BR and 1BA. One unit is nearest the street. The other unit is at the back of property separated by a breezeway. Each unit has an assigned 1-car garage. Both have own dedicated patio area. Each unit has own hot water tank with separate electric and gas meters. The property has mostly block fencing on all three sides and cement walkways throughout. There is minimal landscape maintenance. More photos coming soon!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 3,798 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,240 | 1,721.5 | 27% |
| Lot Size | 3,798 | 5,063.5 | 23% |
| Price | $699.0K | $939.6K | 27% |
| Price per sq ft | $564 | $522 | 65% |
| Built year | 1924 | 1948 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 186 | 4% |
Pricing History
Listed for Sale
Feb 26, 2026
$699,000
Initial Listing
Sold
Mar 24, 2015
$395,000
Public Record
Sold
Jul 17, 2014
$304,000
Public Record
Sold
May 21, 2002
$230,000
Public Record