3581 Olive Avenue, Long Beach, CA 90807
- $1,110,000
- Sold Price
- $1,110,000
- List Price
- $1,095,000
- Closing Date
- Apr 06, 2026
- Status
- CLOSED
- MLS#
- PW26022511
- Year Built
- 1930
- Lot Size
- 4,482
- Acres
- 0.10
- Lot Location
- Front Yard, Sprinklers In Front
- Days on Market
- 14
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- California Heights (Ch)
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.
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Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Roof
- Spanish Tile
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $78,684
Listing courtesy of Listing Agent: Timothy Majka (tim@imaginerealty.com) from Listing Office: Keller Williams Coastal Prop..
Listing sold by Rady Math from GML Homes, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.