6050 Olive Avenue, Long Beach, California 90805, Long Beach, 90805 - 4 bed, 2 bath
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Long Beach, California 90805
This probate sale represents a High-Potential Investment Opportunity, listed at a List Price of $525,500—positioned well above the $443,412 Fair Market Value by -18%. As a 4-bed, 2-bath Multi-Family asset built in 1980, the property features a +/- 4,925 Sq Ft lot and significant renovation requirements due to a Condition Rating of 5. Given the pending code violations and non-paying occupants, this is a complex acquisition. It is strictly intended for Buy-and-Hold Investors or Experienced Developers capable of navigating probate court and eviction processes.
Property is extensive renovation needed.
Built in 1980 (46 years old), this property has pending building and safety code violations and is being sold as-is with non-paying occupants. The lack of interior access and 'drive-by only' status, combined with visible exterior neglect and code issues, indicates significant safety/structural defects requiring a full rehab.
Priced significantly below market value at $319,000, this property offers a substantial opportunity for investors to realize significant equity gains through renovation and repositioning.
As a duplex featuring four bedrooms and two bathrooms, the property provides a versatile multi-unit layout ideal for long-term rental income in a high-demand area.
Built in 1980, the structure is relatively newer than much of the surrounding Long Beach inventory, likely featuring more modern building standards and systems than early 20th-century homes.
The property is occupied by non-paying residents and will be delivered occupied, requiring the buyer to navigate a potentially complex and costly eviction process post-closing.
With pending code violations, no interior access permitted, and a strictly 'as-is' sale with no contingencies, the buyer assumes high risk regarding the property's physical and structural integrity.
Probate Sale! ALL CASH SALE! Estate of Harry Miller. This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time are TBD. In order to bid in court, no later than 1:00 PM one business day prior to the court date, the BUYER MUST DELIVER TO THE LISTING BROKER, ALL OF THE FOLLOWING: 1) Proof of Funds AND 2) a Cashier's Check for the amount of 10% of the listing price made payable to the ESTATE OF HARRY MILLER. This 4 bed; 2 bath Multi-Family built in 1980 features +/-1,764 Sq Ft of living space, +/-4,925 Sq Ft lot, APN: 7124-014-008. The Long Beach Building & Safety Code Enforcement has pending violations based on the general condition of the property. Buyers must rely on their own information as to the condition and contact Building & Safety for complete information. This property is occupied by non paying occupants. The property will be delivered occupied at the close of escrow. No Interior Inspections! Drive By Only! Please Do Not Disturb Occupants! This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. (Timing of hearing is subject to the courts calendar approximately 60-days after the initial offer deadline date).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 89% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,764 | 1,126 | 96% |
| Lot Size | 4,925 | 5,083 | 44% |
| Price | $525.5K | $715.0K | 4% |
| Price per sq ft | $298 | $651 | 1% |
| Built year | 1980 | 1942 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 139 | 3% |
Jun 8, 2026
$525,500
$319,000
+65% Price Increase
Initial Listing
May 22, 2026
$319,000
Initial Listing