Properties

Long Beach, CA 90807 3581 Olive Avenue

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Presented By: Timothy Majka with Keller Williams Coastal Prop.; 562-900-9430
  • MLS# PW26022511
  • 02/02/2026
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  • Baths • 1
  • SQFT • 1,808
  • Garage • 3

Home Details

Trophy Spanish Fourplex in Coveted California Heights โ€“ Ideal Owner-User or Investment Opportunity! Rarely available, this beautifully maintained Spanish-style four-unit property is located in California Heights, one of Long Beachโ€™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 unitsโ€”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 unbeatableโ€”just 2โ€“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.
Presented By: Timothy Majka with Keller Williams Coastal Prop.; 562-900-9430

Interior Features for 3581 Olive Avenue

Other Interior Features

Air Conditioning Y/NNo
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 3581 Olive Avenue

Additional Parcels Y/NNo
AppliancesGas Range
Architectural StyleSpanish
Building Area UnitsSquare Feet
Carport Spaces
CityLong Beach
Community FeaturesSuburban
CoolingNone
CountyLos Angeles
DirectionsOn Olive, North of Wardlow
Entry Location1
ExclusionsTenant's personal property
Expected Active Date 2026-02-03
Garage Spaces3
Garage Y/NYes
Gross Income78684
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan, Conventional, FHA, VA Loan
Lot Size Square Feet4482
Lot Size UnitsSquare Feet
MLS Area6 - Bixby, Bixby Knolls, Los Cerritos
Net Operating Income78684
New ConstructionNo
Number Of Units Total4
Number of Units Leased3
Open Parking Spaces0
Operating Expense0
Pool FeaturesNone
PossessionSee Remarks
PostalCityLONG BEACH
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
RoofSpanish Tile
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count2
Subdivision NameCalifornia Heights (CH)
Tax Lot25
Tenant PaysElectricity, Gas
Total Actual Rent6338
Trash Expense0
Walk Score82
Water Sewer Expense0
Year Built1930
Year Built SourceAssessor

Exterior for 3581 Olive Avenue

Building Area Total1808
Lot FeaturesFront Yard, Sprinklers In Front
Lot Size Acres0.1029
Lot Size Area4482
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesGarage
Private PoolNo
SpaNo
Total Parking3
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,095,000
MLS#PW26022511
List Date 02/02/2026
Property Type Multi-Family
Phone 888.795.6274
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