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3581 Olive AVE Long Beach, CA 90807
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Key Details
Sold Price $1,110,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision California Heights (Ch)
MLS Listing ID PW26022511
Sold Date 04/06/26
HOA Y/N No
Year Built 1930
Lot Size 4,482 Sqft
Property Sub-Type Quadruplex
Property Description
Trophy Spanish Fourplex in Coveted California Heights – Ideal Owner-User or Investment Opportunity!
Rarely available, this beautifully maintained Spanish-style four-unit property is located in California Heights, one of Long Beach's most sought-after neighborhoods. Set on a charming tree-lined street featuring historic homes, this is a true trophy asset offering timeless appeal, strong income, and exceptional lifestyle value.
The property consists of four units—two 1-bedroom units and two studios. Three units are currently rented, and one is available for an owner-occupant, or can be rented for an investor looking to increase rental income. Once fully leased, the current gross scheduled income is $78,684 annually, with pro-forma potential of approximately $87,360 based on market rents.
Additional features include three private garages and ample street parking. The location is unbeatable—just 2–3 blocks from award-winning Blue Ribbon schools (Longfellow Elementary and Hughes Middle School) and within walking distance to the vibrant shops, restaurants, and cafes of Bixby Knolls.
This is a rare opportunity to own a character-rich, income-producing property in a premier neighborhood with long-term upside and undeniable charm.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Interior
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range
Laundry None
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban
Roof Type Spanish Tile
Total Parking Spaces 3
Private Pool No
Building
Lot Description Front Yard, Sprinklers In Front
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7145021017
Acceptable Financing Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash to New Loan, Conventional, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Rady Math GML Homes, Inc.
NEARBY SCHOOLS & BUSINESSES
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