1941

Olive Avenue

Signal Hill | California

Where Comfort

Cradles Dreams

View Photos Watch Film 360° VTour Open House

Decorum Properties & Investments, Inc

Presented At

$1,199,988

Bedrooms

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1941

Olive Avenue

Signal Hill | California

1941 Olive Avenue, Signal Hill, California, United States. , Signal Hill , California

Multi Family in Long Beach

1941 Olive is a killer opportunity to lock up a turnkey 4-unit in the heart of Long Beachs 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. Theres 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 todays 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 Beachs most active rental corridors.

Property

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Property Location

1941 Olive Avenue, Signal Hill, California, United States., Signal Hill California

Local Weather & Climate

Signal Hill, California

Current Conditions Updated recently

61 °F

Clear sky

Feels Like 58°F

Humidity 31%

Wind 8 mph

Visibility 6.2 mi

Sunrise 2:13 PM

Sunset 1:53 AM

5-Day Forecast

Sat 7 Mar

Clear

High 68°

Low 59°

Sun 8 Mar

Clear

High 81°

Low 64°

Mon 9 Mar

Clear

High 83°

Low 61°

Tue 10 Mar

Clouds

High 65°

Low 60°

Wed 11 Mar

Clear

High 72°

Low 60°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Signal Hill?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

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Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
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Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 1941 Olive Avenue, Signal Hill, California, United States have?

This apartment at 1941 Olive Avenue, Signal Hill, California, United States features 6 bedrooms.

What is the listing price for 1941 Olive Avenue, Signal Hill, California, United States?

This property is listed at $119,998,800.

What type of property is 1941 Olive Avenue, Signal Hill, California, United States?

This is a apartment located in Signal Hill, California. The property is situated in an established neighborhood with convenient access to local amenities and services.