1941 Olive Ave Long Beach, CA 90806
Sunrise NeighborhoodEstimated payment $7,379/month
Highlights
- Gated Community
- City Lights View
- Main Floor Primary Bedroom
- Long Beach Polytechnic High School Rated A
- Open Floorplan
- Spanish Architecture
About This Home
1941 Olive is a killer opportunity to lock up a fully turnkey 4-unit in the heart of Long Beach’s extremely desirable Poly High area, just minutes from Signal Hill and a short drive to the ocean. Built in 1920, this property consists of three separate buildings totaling 2,554 rentable square feet on a 6,550 SF lot, offering a rare bungalow-style layout that feels more like private homes than a traditional apartment complex. The entire property has been extensively renovated, including all new plumbing, new electrical with permits, new windows and doors, new flooring, fresh interior and exterior paint, and completely updated kitchens and baths featuring new cabinetry, granite countertops, stainless steel appliances, and modern fixtures throughout. Adding to the curb appeal and tenant privacy is a brand-new vinyl fence, along with 4 detached enclosed garage spaces, a major advantage in this dense rental pocket. The unit mix is strong and highly rentable: (1) 3-bed / 1-bath standalone home and (3) 1-bed / 1-bath units, one of which is also standalone. Every unit has been recently renovated, making this a true plug-and-play investment with zero deferred maintenance, perfect for an owner-user or an investor seeking immediate cash flow and market rents from day one. There is also a standalone coin-operated laundry room, providing additional income and enhancing overall returns. At only $300,000 per unit, this asset offers a low barrier to entry with compelling fundamentals, including a 6.74% CAP rate and a 12.5 GRM on current income, exactly the type of performance metrics investors are targeting in today’s market. With off-street parking, easy access to the 405 and 710 freeways, proximity to employment hubs, shopping, dining, and the Long Beach coastline just minutes away, 1941 Olive stands out as a fully renovated, stabilized, cash-flowing asset with long-term upside in one of Long Beach’s most active and desirable rental corridors.
Listing Agent
Decorum Properties & Investments, Inc Brokerage Phone: 949-533-8269 License #01988183 Listed on: 01/10/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 6,550 Sq Ft Lot
- 1 Common Wall
- Vinyl Fence
- Fence is in excellent condition
- Landscaped
- Rectangular Lot
- Level Lot
- Back and Front Yard
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
- Assigned Parking
Home Design
- Spanish Architecture
- Quadruplex
- Entry on the 1st floor
- Turnkey
- Flat Roof Shape
- Raised Foundation
- Partial Copper Plumbing
Interior Spaces
- 2,554 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Double Pane Windows
- ENERGY STAR Qualified Windows
- ENERGY STAR Qualified Doors
- Entryway
- Family Room
- Den
- Vinyl Flooring
- City Lights Views
- Carbon Monoxide Detectors
Kitchen
- Gas Oven
- Gas Range
- Recirculated Exhaust Fan
- Microwave
- Freezer
- Granite Countertops
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Outdoor Features
- Exterior Lighting
Utilities
- Floor Furnace
- Natural Gas Connected
- ENERGY STAR Qualified Water Heater
Listing and Financial Details
- Legal Lot and Block 14 / F
- Tax Tract Number 5500
- Assessor Parcel Number 7210010014
- $791 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 4 Units
- Poly High Subdivision
Recreation
- Dog Park
- Hiking Trails
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $80
- Insurance Expense $3,000
- Maintenance Expense $2,500
- Professional Management Expense $6,240
- Operating Expense $23,140
- Gross Income $300
- Net Operating Income $80,860
Additional Features
- Laundry Facilities
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,698 | $1,059,737 | $557,756 | $501,981 |
| 2024 | $13,698 | $1,038,959 | $546,820 | $492,139 |
| 2023 | $13,465 | $1,018,589 | $536,099 | $482,490 |
| 2022 | $12,641 | $998,618 | $525,588 | $473,030 |
| 2021 | $12,387 | $979,038 | $515,283 | $463,755 |
| 2020 | $13,305 | $969,000 | $510,000 | $459,000 |
| 2019 | $7,503 | $561,000 | $306,000 | $255,000 |
| 2018 | $7,276 | $550,000 | $300,000 | $250,000 |
| 2017 | $6,657 | $501,727 | $287,701 | $214,026 |
| 2016 | $6,190 | $491,890 | $282,060 | $209,830 |
| 2015 | $5,949 | $484,503 | $277,824 | $206,679 |
| 2014 | $5,923 | $475,013 | $272,382 | $202,631 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/10/2026 01/10/26 | For Sale | $1,199,988 | 0.0% | $470 / Sq Ft | |
| 08/07/2022 08/07/22 | Rented | $1,999 | -8.9% | -- | |
| 08/01/2022 08/01/22 | Under Contract | -- | -- | -- | |
| 06/20/2022 06/20/22 | For Rent | $2,195 | +34.7% | -- | |
| 04/27/2020 04/27/20 | Rented | $1,630 | -4.1% | -- | |
| 02/07/2020 02/07/20 | For Rent | $1,699 | 0.0% | -- | |
| 01/28/2019 01/28/19 | Sold | $950,000 | -0.9% | $372 / Sq Ft | View Prior Sale |
| 11/17/2018 11/17/18 | Pending | -- | -- | -- | |
| 11/07/2018 11/07/18 | For Sale | $958,888 | +74.3% | $375 / Sq Ft | |
| 12/01/2017 12/01/17 | Sold | $550,000 | -8.3% | $215 / Sq Ft | View Prior Sale |
| 10/10/2017 10/10/17 | Pending | -- | -- | -- | |
| 10/10/2017 10/10/17 | For Sale | $599,900 | +9.1% | $235 / Sq Ft | |
| 10/09/2017 10/09/17 | Off Market | $550,000 | -- | -- | |
| 09/21/2017 09/21/17 | For Sale | $599,900 | -- | $235 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | North American Title Company | |
| Grant Deed | $950,000 | North American Title Company | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Grant Deed | $550,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | California Counties Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $259,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $902,500 | New Conventional | |
| Previous Owner | $385,000 | Purchase Money Mortgage | |
| Previous Owner | $295,000 | New Conventional | |
| Previous Owner | $254,998 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26003311
APN: 7210-010-014
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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