1972 Olive
Long Beach, CA, 90806
$1,250,000
MLS: IG26061861
Beds
6
Baths
4
Sq Ft
2,132
Lot
0.15 ac
Year Built
1929
MLS #
IG26061861
Days on Market
21
Listed
Mar 21, 2026
Description
Exceptional multi-unit opportunity located at 1972 Olive Avenue in the Central Long Beach / Poly High District area, just north of Downtown Long Beach. This community has a mix of historic character, urban convenience, and steady investment growth—making it appealing for both homeowners and investors. Recently remodeled duplex and new construction Jr ADU's. Each main unit offers 2 bedroom / 1 bathroom with abundant natural light, cozy living area. With it's own private entrance, each ADU offers 1bedroom / 1 bath with a kitchenette making it perfect for rental income, guests, or extended family. Situated on a generous lot, the property includes plenty of private parking. Conveniently located near local schools, shopping, dining, and easy freeway access, this property combines versatility with strong income potential. Don’t miss this rare opportunity to own a flexible, income-producing property in a rapidly growing area of Long Beach.
Location
Long Beach, Los Angeles County, CA 90806
Open on Google Maps ↗Listed by: Jacqueline Smith · Fathom Realty Group, Inc.
Payment estimate
$8,983
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $125,000 · Loan: $1,125,000
- Principal & Interest
- $6,912
- Property tax (1.25%)
- $1,302
- Homeowners insurance
- $300
- Mortgage insurance
- $469
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $43,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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