7137 Olive Ave, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 1 bath
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Long Beach, California 90805
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $749,000—positioned well below the $799,345 Fair Market Value by 6%. This valuation gap provides $50,345 in Instant Equity. Featuring a Mint Condition Rating with a new roof, updated kitchen, and refinished hardwood floors, the property offers significant ADU and Expansion Potential via its versatile garage and oversized 6,303 sqft lot. This is an ideal acquisition for Owner-Occupants seeking a move-in-ready home or Buy-and-Hold Investors targeting long-term rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7137 Olive Ave Subject | $749,000* List Price | 3 | 1 | 1,204 | $664 | - |
A 6792 Gaviota Sold | $760,000 | 3 | 2 | 1,064 | $714 | 0.8 mi |
B 6851 Coachella Sold | $750,000 | 3 | 1 | 1,014 | $740 | 0.7 mi |
C 6841 Millmark Active Under Contract | $869,000 List Price | 4 | 3 | 1,400 | $621 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent remodel (within <5 years) including a brand-new roof, new vinyl windows, and refinished hardwood floors. The kitchen and bathrooms have been fully updated with modern finishes and brand-new appliances, meeting the criteria for mint condition with no immediate maintenance required.
The property features significant recent capital improvements including a brand-new roof, new vinyl windows, refinished hardwood flooring, and a fully remodeled kitchen and bathroom, ensuring a move-in-ready experience.
The versatile garage includes an existing full bathroom and sits on a generous 6,303 sqft lot, providing an ideal footprint for a formal ADU conversion, guest suite, or multi-generational living setup.
The oversized lot offers rare flexibility for the area, featuring ample space for RV parking, recreational vehicle storage, or a large private outdoor entertainment area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property was recently sold within the past year on 2026-02-26. The sold price is $563,000.00.
While the home offers three bedrooms, the main living structure contains only one bathroom, which may present functional challenges for larger families or guests.
Thoughtfully remodeled North Long Beach home situated on a nicely sized lot, offering quality upgrades, flexible living space, and future ADU possibilities. This move-in-ready property showcases a brand-new roof, new vinyl windows, refinished hardwood flooring, fresh interior and exterior paint, a beautiful sage colored door, and updated finishes throughout for a clean, upgraded feel. The remodeled bathroom in the main house adds style and functionality, while the refreshed kitchen features painted sage cabinetry, butcher block countertops, and brand-new appliances. The garage offers exceptional versatility, with an additional full bathroom and space ideal for a workshop, hobby area, home gym, bonus room, optional 2nd-unit potential, or future ADU opportunities. The generously sized lot may also accommodate RV parking, creating added flexibility for recreational vehicles, storage, or future needs. Blending charm, functionality, and opportunity, this thoughtfully improved North Long Beach home is ready for its next owner! *Some images in this listing have been digitally altered.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 51% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,204 | 1,126 | 62% |
| Lot Size | 6,303 | 5,103 | 88% |
| Price | $749.0K | $715.0K | 65% |
| Price per sq ft | $622 | $653 | 43% |
| Built year | 1943 | 1942 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 135 | 3% |
May 21, 2026
$749,000
Initial Listing
Feb 26, 2026
$563,000
Public Record
Feb 27, 1998
$150,000
Public Record