Trophy Spanish Fourplex in Coveted California Heights - Ideal

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Townhome/Townhouse Active Under Contract

3581 Olive Avenue

Long Beach, California 90807

Los Angeles County

Community: California Heights (CH)

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$1,095,000 2 br, 4.0 bath 1808 sq. ft. 0.103 acres

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 $76,056 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.

Interior:
  • Bedrooms: 2
  • Baths: 4.0
  • Sq Ft: 1808
  • Year Built: 1930
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: Wall Furnace
  • Garage: Garage
Exterior:
  • Lot Size: 0.103 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: Spanish Tile, Tile
  • MLS #: PW26022511
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Contact Information:
Beach Townhome/Townhouse Active Under Contract in Long Beach, California
Listing Agent: Timothy Majka, Keller Williams Coastal Properties, 562-843-1017, 562-843-1017 Listing Site, Listing Status: Active Under Contract
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7215741
Viewed 24 times.
Updated: Feb 10, 2026

This property is a Townhome/Townhouse located at 3581 Olive Avenue, Long Beach, California 90807, and is currently Active Under Contract at $1,095,000. This Townhome/Townhouse has 2 bedrooms, 4.0 baths, 1808 sq ft.