Seller's Agent in 2026
Eric Lem
Decorum Properties & Investments, Inc
(949) 533-8269
1 in this area
27 Total Sales
1941 Olive Ave Long Beach, CA 90806
Sunrise Neighborhood
6
Beds
4
Baths
2,554
Sq Ft
6,550
Sq Ft Lot
Highlights
- Gated Community
- City Lights View
- Main Floor Primary Bedroom
- Long Beach Polytechnic High School Rated A
- Open Floorplan
- Spanish Architecture
About This Home
As of June 20261941 Olive is an exceptional opportunity to own a fully turnkey 4-unit in the heart of Long Beach’s highly desirable Poly High area, just minutes from Signal Hill and a short drive to the ocean. Built in 1920, this unique property spans three separate buildings totaling 2,554 rentable square feet on a 6,550 SF lot, delivering a rare bungalow-style layout that lives more like a collection of private homes than a typical apartment complex. The entire property has been comprehensively renovated with no detail overlooked, featuring all-new plumbing, permitted electrical, new windows and doors, upgraded flooring, and fresh interior and exterior paint. Each unit boasts fully remodeled kitchens and bathrooms with new cabinetry, granite countertops, stainless steel appliances, and modern finishes throughout, creating a clean, contemporary living experience that attracts quality tenants and supports premium rents. Curb appeal and functionality are dialed in with a brand-new vinyl fence for added privacy, along with 4 detached enclosed garage spaces—an extremely valuable amenity in this high-demand rental pocket. The unit mix is both practical and desirable: (1) 3-bed / 1-bath standalone home and (3) 1-bed / 1-bath units, including another standalone unit, offering flexibility for owner-users or investors looking to maximize income. This is a true plug-and-play investment with zero deferred maintenance, delivering immediate cash flow from day one. A standalone coin-operated laundry room provides additional passive income, further enhancing returns. Adding to the appeal is future upside potential, with the possibility to add more units on the lot (buyer to verify with the city), giving investors an opportunity to further increase cash flow and overall value. Priced at just $300,000 per unit, the property presents a compelling entry point with strong in-place numbers, including a 6.74% CAP rate and a 12.5 GRM—metrics that align perfectly with today’s investor demand. With off-street parking, convenient access to the 405 and 710 freeways, and close proximity to major employment hubs, shopping, dining, and the Long Beach coastline, 1941 Olive stands out as a fully renovated, stabilized, income-producing asset with both immediate returns and future upside in one of the city’s most active rental markets.
Last Agent to Sell the Property
Decorum Properties & Investments, Inc Brokerage Phone: 949-533-8269 License #01988183 Listed on: 04/27/2026
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
- ENERGY STAR Qualified Appliances
- 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
- Tenant pays for gas, all utilities, water, cable TV, electricity
- Legal Lot and Block 14 / F
- Tax Tract Number 5500
- Assessor Parcel Number 7210010014
- $791 per year additional tax assessments
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 27, 2026
Closed on
May 20, 2026
Sold by
Bought by
Seller's Agent
Eric Lem
Decorum Properties & Investments, Inc
Buyer's Agent
Walter Franco
eXp Realty of Southern California, Inc.
List Price
$1,195,000
Sold Price
$1,157,000
Premium/Discount to List
-$38,000
-3.18%
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
248.61%
Original Mortgage
$925,600
Outstanding Balance
$925,600
Interest Rate
6.3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$305,946
Purchase Details
Listed on
Nov 7, 2018
Closed on
Jan 17, 2019
Sold by
Bought by
Seller's Agent
Christopher Cochran
Cochran Real Estate Professionals Inc
Buyer's Agent
Eric Lem
Decorum Properties & Investments, Inc
List Price
$958,888
Sold Price
$950,000
Premium/Discount to List
-$8,888
-0.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.72%
Original Mortgage
$902,500
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 26, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$902,500
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 21, 2017
Closed on
Nov 27, 2017
Sold by
Bought by
Seller's Agent
Ray Miramontes
Circle Real Estate
Buyer's Agent
Ray Miramontes
Circle Real Estate
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%
Original Mortgage
$385,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Sep 21, 2017
Closed on
Nov 6, 2017
Sold by
Bought by
Seller's Agent
Ray Miramontes
Circle Real Estate
Buyer's Agent
Ray Miramontes
Circle Real Estate
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Sep 21, 2017
Closed on
Nov 3, 2017
Sold by
Bought by
Seller's Agent
Ray Miramontes
Circle Real Estate
Buyer's Agent
Ray Miramontes
Circle Real Estate
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Sep 21, 2017
Closed on
Oct 16, 2017
Sold by
Bought by
Seller's Agent
Ray Miramontes
Circle Real Estate
Buyer's Agent
Ray Miramontes
Circle Real Estate
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 20, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
5.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 31, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,998
Interest Rate
6.83%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,157,000 | Lawyers Title | |
| 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 |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $925,600 | Credit Line Revolving | |
| 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: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/01/2026 06/01/26 | Sold | $1,157,000 | 0.0% | $453 / Sq Ft | |
| 05/15/2026 05/15/26 | Off Market | $1,157,000 | -- | -- | |
| 05/01/2026 05/01/26 | Pending | -- | -- | -- | |
| 04/27/2026 04/27/26 | For Sale | $1,195,000 | 0.0% | $468 / 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 |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $14,372 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Lem
-
Walter Franco
Buyer's Agent in 2026
Walter Franco
eXp Realty of Southern California, Inc.
(424) 230-3700
1 in this area
60 Total Sales
-
Brianna Franco
Buyer Co-Listing Agent in 2026
Brianna Franco
eXp Realty of Southern Ca, Inc
(562) 301-3225
1 in this area
76 Total Sales
-
Billy Rosenberg
B
Seller's Agent in 2022
Billy Rosenberg
Billy Rosenberg, Broker
(949) 677-8528
8 Total Sales
-
A
Buyer's Agent in 2022
Antonio Gonzales
KW The Lakes
-
Christopher Cochran
Seller's Agent in 2019
Christopher Cochran
Cochran Real Estate Professionals Inc
(909) 345-8461
95 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26090391
APN: 7210-010-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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
Nearby Homes
- 1972 Olive Ave
- 1876 Myrtle Ave
- 910 E 19th St
- 2000 Lewis Ave
- 1065 E 19th St
- 2071 Atlantic Ave
- 1131 E 21st St
- 410 E 21st St
- 550 Orange Dr Unit 140
- 302 E 19th St Unit 7
- 2051 Orange Ave
- 2285 Lewis Ave
- 1720 Cerritos Ave
- 1204 E Smith Place
- 1730 Long Beach
- 1211 E Leigh Ct
- 1914 Locust Ave
- 1868 Locust Ave
- 1922 Locust Ave
- 1757 Long Beach Blvd
Your Personal Tour Guide
Ask me questions while you tour the home.