Turnkey Long Beach
1941 Olive Avenue, Long Beach, CA 90806
Spanish, Quadruplex - Long Beach, CA
Type:Quadruplex
Property size:
2,554 SFLot size:
6,550.00 AcresPrice / SF:
$467/SF- Added:
- Apr 27, 2026
- Days on Market:
- 27
- Last Refresh:
- May 23 at 12:06 pm
Property Features for 1941 Olive Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Family Room, Kitchen
- Parking
- 4
- Parking features
- Assigned, Garage
- Window features
- Double Pane Windows
- Interior features
- Copper Plumbing Partial, Pantry, Open Floorplan, Granite Counters, Energy Star Qualified Doors, Carbon Monoxide Detector(s), Window Features: Double Pane Windows, Energy Star Qualified Windows
- Exterior features
- Fence, Community Features Included: Dog Park, Hiking, Street Lights, Sidewalks, Level With Street, Lot 6500-9999, Landscaped, Rectangular Lot, Front Yard, Back Yard
- Fencing
- Fenced
- Appliances
- Microwave, Oven - Gas, Range, Range - Gas
- Standard status
- Active Under Contract
- APN
- 7210010014
- Size
- 2,554 SF
- Lot size
- 6,550.00 Acres
Utilities
- Heating system
- Floor Furnace
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl
- Roof type
- Flat
- Architectural style
- Spanish
Listing agent Eric Lem License #01988183 (949) 533-8269
Listing office Decorum Properties & Investments, Inc 20422 Beach Blvd., No. 120, Huntington Beach, CA (714) 642-8175
Listing date Apr 27, 2026
MLS# OC26090391
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated 4‑unit property with no deferred maintenance, ensuring immediate cash flow.
- Desirable unit mix: (1) 3‑bed/1‑bath standalone home and (3) 1‑bed/1‑bath units, including another standalone unit.
- Four detached enclosed garage spaces, a valuable amenity in a high‑demand rental area.
- Strong in‑place financials: 6.74% CAP rate and 12.5 GRM.
- Potential to add more units for increased cash flow (buyer to verify with the city).
- Prime location in Long Beach's Poly High area, close to amenities, freeways, and the coastline.
Overview
This is a fully turnkey 4-unit property located in the Poly High area of Long Beach, minutes from Signal Hill and a short drive to the ocean. Constructed in 1920, the property consists of three separate buildings totaling 2,554 rentable square feet on a 6,550 square foot lot. The layout features a bungalow style. The property has been comprehensively renovated, including new plumbing, permitted electrical work, new windows and doors, upgraded flooring, and fresh interior and exterior paint. Each unit includes remodeled kitchens and bathrooms with new cabinetry, granite countertops, stainless steel appliances, and modern finishes. A new vinyl fence provides added privacy, along with 4 detached enclosed garage spaces. The unit mix includes one 3-bed, 1-bath standalone home and three 1-bed, 1-bath units, including another standalone unit. A standalone coin-operated laundry room provides additional passive income. There is potential to add more units on the lot. The property has a 6.74% CAP rate and a 12.5 GRM. It offers off-street parking and convenient access to the 405 and 710 freeways, with proximity to employment hubs, shopping, dining, and the Long Beach coastline.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.183158
- Latitude
- 33.7925134
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully renovated 4-unit property in desirable Long Beach location.
Where is this quadplex located?
The property is located at 1941 Olive Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Fully renovated 4‑unit property with no deferred maintenance, ensuring immediate cash flow.; Desirable unit mix: (1) 3‑bed/1‑bath standalone home and (3) 1‑bed/1‑bath units, including another standalone unit.; **Four detached enclosed garage spaces, a valuable amenity in a high‑demand rental area.**
