1941 Olive Avenue, Long Beach, CA 90806 (MLS # OC26003311)
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1941 Olive is a killer opportunity to lock up a 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 features three separate buildings with 2,554 rentable square feet on a 6,550 SF lot, giving it a rare layout that feels more like private bungalows than a traditional apartment complex. Adding to the curb appeal and privacy is a brand-new vinyl fence, plus 4 detached enclosed garage spaces, a major bonus 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 no deferred maintenance, perfect for an owner-user or an investor looking to step into immediate cash flow and market rents from day one. There's also a standalone coin-operated laundry room providing extra income and boosting overall returns. At only $300,000 per unit, this deal offers a low barrier to entry with solid fundamentals, including a 6.74% CAP rate and a 12.5 GRM on current income, exactly the kind of numbers investors are chasing in today's market. With off-street parking, easy access to the 405 and 710 freeways, nearby employment hubs, shopping, dining, and the Long Beach coastline just minutes away, 1941 Olive is a stabilized, cash-flowing asset with long-term upside in one of Long Beach's most active rental corridors.
| DAYS ON MARKET | 1 | LAST UPDATED | 1/10/2026 |
|---|---|---|---|
| TRACT | Poly High (PH) | YEAR BUILT | 1920 |
| COMMUNITY | 9 - Poly High | GARAGE SPACES | 4.0 |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Freezer, Gas Oven, Gas Range, Microwave, Water Heater |
| AREA | 9 - Poly High |
| GARAGE | Yes |
| HEAT | Floor Furnace |
| INTERIOR | Granite Counters, Master Downstairs, Open Floorplan, Pantry |
| LOT | 6551 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Landscaped, Rectangular Lot |
| LOT DIMENSIONS | 6550 |
| PARKING | Assigned, Garage, Private, Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Spanish |
| SUBDIVISION | Poly High (PH) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 1/11/26 12:14 AM PST 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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