Property Detail

Description

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.