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Townhome/Townhouse Active Under Contract
3581 Olive Avenue
Long Beach, California 90807
Los Angeles CountyCommunity: California Heights (CH)
$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
Contact Information:
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.
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

