6631 Olive Avenue, Long Beach, California 90805, Long Beach, 90805 - 2 bed, 1 bath
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6631 Olive Avenue
Long Beach, California 90805
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
1Baths
895Sq Ft
5,243Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$698,325
SUMMARY
This Strong Value Opportunity is listed at $699,000, positioned well below the $699,251 Fair Market Value by 0.04%. Featuring a Condition Rating of 3, this 1928 Spanish-style home offers modern infrastructure, including an upgraded electrical panel and sewer line. The 5,243 sqft lot with alley access provides significant ADU Development Potential, making it a versatile asset. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental income or first-time buyers looking for a move-in ready home with long-term growth potential.
Estimated Market Value
$698,325
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6631 Olive Avenue Subject | $699,000* List Price | 2 | 1 | 895 | $780 | - |
A 475 E Hullett Sold | $675,000 | 2 | 1 | 936 | $721 | 1.0 mi |
B 1106 E 70th Sold | $760,000 | 2 | 1 | 916 | $830 | 0.6 mi |
C 6034 Lime Sold | $723,000 | 2 | 1 | 844 | $857 | 0.7 mi |
D 1612 E 65th Sold | $771,100 | 2 | 1 | 935 | $825 | 0.6 mi |
E 6042 Gundry Avenue Sold | $785,000 | 2 | 1 | 956 | $821 | 0.8 mi |
F 300 E Adams Street E Sold | $725,000 | 2 | 1 | 1,021 | $710 | 0.9 mi |
G 2161 E 65th Sold | $670,000 | 2 | 1 | 820 | $817 | 1.0 mi |
H 6639 Rose Active | $749,999 List Price | 2 | 1 | 901 | $832 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1928, the property has undergone significant renovations within the 5-15 year range. The kitchen and bathroom feature modern cabinetry, stone countertops, and stainless steel appliances. Critical systems have been modernized, including an upgraded electrical panel, updated sewer line, dual-pane windows, and the addition of a mini-split HVAC system, making it fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- ADU & Development Potential
The property features a spacious 5,243 sqft lot with convenient alley access, providing an excellent opportunity for an Accessory Dwelling Unit (ADU) to increase property value or generate rental income.
- Key Infrastructure Upgrades
Significant recent improvements, including an upgraded electrical panel, updated sewer line, and dual-pane windows, reduce immediate capital expenditures and offer peace of mind regarding essential systems.
- Timeless Architectural Appeal
This 1928 Spanish-style home retains its classic character and charm, offering a unique aesthetic that stands out compared to standard modern builds in the North Long Beach area.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At only 895 square feet with a 2-bedroom, 1-bathroom configuration, the compact living space may be restrictive for growing families or those requiring a home office.
- Age-Related Maintenance Risks
Despite recent updates, the home's 1928 construction date suggests that other nearly century-old components may require ongoing maintenance or future modernization.
About 6631 Olive Avenue
Charming Spanish-style home offering 2 bedrooms and 1 bathroom, blending timeless character with thoughtful updates. The inviting floor plan features a bright living room, dining area, and functional kitchen, creating a comfortable space for everyday living. Recent seller improvements include an upgraded electrical panel, updated sewer line, and dual-pane windows, providing added value and peace of mind. The spacious backyard offers excellent potential for an ADU (buyer to verify with the City of Long Beach), with convenient alley access that may enhance future development opportunities. A detached 2-car garage and long driveway provide ample parking and additional flexibility. Conveniently located near shopping, dining, parks, schools, and with easy access to the 91 and 710 freeways, this home presents a wonderful opportunity for both homeowners and investors.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 5,243 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 895 | 1,519.995 |
| Lot Size | 5,243 | 5,807.524 |
| Price | $699.0K | $1.03M |
| Price per sq ft | $781 | $728 |
| Built year | 1928 | 1948 |
| HOA | $0 | $259 |
| Days on market | 70 | 48 |
Pricing History
Listed for Sale
Jul 1, 2026
$699,000
Initial Listing
Sold
Dec 1, 2021
$650,000
Public Record
Sold
May 4, 2020
$465,000
Public Record
Sold
Dec 28, 2012
$249,000
Public Record
Sold
Feb 9, 2012
$140,000
Public Record
Sold
Aug 31, 2010
$1,500
Public Record
Sold
Oct 15, 2007
$390,000
Public Record
Sold
Dec 23, 2005
$350,000
Public Record