1941 Olive AV
Long Beach, CA, 90806
$1,199,988
Beds
0 Baths
0 SqFt
0.15 Acres
Add
MLS #OC26003311 image #0
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.

Property Details

Price:
$1,199,988
MLS #:
OC26003311
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
Poly High PH
Neighborhood:
9polyhigh
Listed Date:
Feb 19, 2026
Total Sq Ft:
2,554
Lot Size:
6,550 sqft / 0.15 acres (approx)
Year Built:
1920
SpanishCommunity Gated9 – Poly High9polyhighPoly High PhCity Lights

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Schools

Interior

Appliances
MW, ESA, GO, GR, ESWH, SEF
Cooling
NO
Flooring
VINY
Heating
FF
Laundry Features
AR, CM, IR, OUT

Exterior

Architectural Style
SPN
Community Features
SDW, SL, HIKI, DGP
Parking Spots
4
Roof
FLTR
Security Features
COD, GC

Financial

Maintenance Fee
$2,500
Net Operating Income
$80,860

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Feb 21, 2026
693
Single Family Listed
57
Avg DOM
405
Avg $ / SqFt
$978,969
Avg List Price

Property Summary

    Located in the Poly High (PH) subdivision, 1941 Olive AV Long Beach CA is a Single Family for sale in Long Beach, CA, 90806. It is listed for $1,199,988 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1920. The average price per square foot for Single Family listings in Long Beach is $405. The average listing price for Single Family in Long Beach is $978,969.

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1941 Olive AV
Long Beach, CA