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4-Unit Multifamily Property
For Sale
$1,099,999

1972 Olive Ave, Long Beach, CA 90806

Updated unit mix includes private parking and separate living spaces for each residence.

Property SizeContact for details
Days on Market14

Property Features for 1972 Olive Ave

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 4

Building Details

Year Built 1929
Listing Agency: Fathom Realty Group, Inc.
Listed By: Jacqueline Smith · License #01386357
Source: Exitrealty
Added: Sep 3 Changed: Sep 6 Last Checked: Sep 15 at 5:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty Group, Inc.

Investment Insights

Based on property information with market context.

This multifamily property contains four separate dwellings arranged for flexible residential use. The front duplex includes two updated 2-bedroom, 1-bath residences, while two newly constructed 1-bedroom, 1-bath ADUs provide additional living units. Each residence has its own private living area, and dedicated private parking serves the property. Built in 1929, the property combines an established structure with newer accessory dwelling improvements.

Located at 1972 Olive Ave in Long Beach, the property is within the Poly High School District and near shopping, dining, schools, transportation, and major freeways. The four-unit configuration offers multiple residential spaces within one multifamily asset.

Key Highlights

  • Four separate dwellings, including a front duplex and two ADUs
  • Front duplex includes two updated 2‑bedroom/1‑bath units
  • Two newly constructed 1‑bedroom/1‑bath ADUs

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Travel Agency (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,832
Businesses Nearby

Demographics for 90806, CA

41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Updated unit mix includes private parking and separate living spaces for each residence.
Where is this multifamily property located?
The property is located at 1972 Olive Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Four separate dwellings, including a front duplex and two ADUs; Front duplex includes two updated 2‑bedroom/1‑bath units; Two newly constructed 1‑bedroom/1‑bath ADUs
More about this property
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