6050 Olive Avenue, Long Beach, California 90805, Long Beach, 90805 - 4 bed, 2 bath

6050 Olive Avenue, Long Beach, California 90805 home-pic-0
ACTIVE$349,000
6050 Olive Avenue, Long Beach, California 90805
4Beds
2Baths
1,764Sqft
4,925Lot
Year Built
1980
Close
-
List price
$349K
Original List price
$349K
Price/Sqft
$198
HOA
-
Days on market
-
Sold On
-
MLS number
25622297
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $349.0K(1th), sqft - 1764(93th), beds - 4(84th), baths - 2(50th).

Probate Sale! This property will be offered at a live auction at 12773 WILLARD STREET, NORTH HOLLYWOOD, CA 91605 on Saturday, December 13, 2025 at 11:45 AM. Auction day registration will be from 11:15 AM to 11:45 AM. This Duplex built in 1980 features a total of 4 bedrooms and 2 bathrooms +/-1,764 Sq Ft of living space, +/-4,925 Sq Ft lot, APN: 7124-014-008. THE PROPERTY IS OCCUPIED BY SQUATTERS. NO ACCESS TO THE PROPERTY! NO TRESPASSING! The property will be delivered occupied at the close of escrow. There are no interior showings. In order to bid on auction day, ALL BIDDERS MUST HAVE IN THEIR POSSESSION a cashier's check for $10,000 (MADE PAYABLE TO NDA INC.) and a blank personal check for the balance of the required 10% deposit (no exceptions). This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. This sale is subject to court confirmation and overbid. The timing of the hearing is subject to the courts calendar approximately 2 months from the offer deadline date. After court confirmation there will be a 45-day escrow period. The Seller reserves the right to accept, counter or reject all offers. IN ALL CIRCUMSTANCES, THERE ARE NO FINANCING, APPRAISAL OR INSPECTION CONTINGENCIES. Estate of Harry Miller.

Price History

Date
Event
Price
11/25/25
Listing
$349,000
Condition Rating
Poor

The property, built in 1980, is being sold as a probate sale with no interior access due to being occupied by squatters. This situation, combined with an 'as-is, where is' sale and no contingencies, strongly indicates a property that has likely suffered from significant neglect and potential damage. While specific interior conditions of the kitchen and bathrooms cannot be assessed, the overall circumstances suggest substantial repairs and rehabilitation will be required, aligning with the 'poor' condition criteria. The exterior images also show a cluttered and unkempt environment, further supporting this assessment.
Pros & Cons

Pros

Income Potential (Duplex): The property is a duplex, offering potential for rental income from two units or multi-generational living, enhancing its investment appeal.
Desirable Location: Situated in Long Beach, a sought-after Southern California city known for its vibrant community and potential for property value appreciation.
Probate Sale Opportunity: Probate sales can sometimes present opportunities for investors to acquire properties at a competitive price, especially given the current condition.
Generous Living Space: With 4 bedrooms and 2 bathrooms across 1,764 sq ft, the property offers substantial living space suitable for multiple tenants or a larger family.
Relatively Modern Construction: Built in 1980, the property is newer than many in the area, potentially indicating more modern building standards compared to older homes.

Cons

Occupied by Squatters & No Access: The property is occupied by squatters and will be delivered occupied, requiring the buyer to undertake the costly and time-consuming eviction process without prior interior inspection.
As-Is Sale with No Contingencies: Sold strictly 'as-is, where is' with no financing, appraisal, or inspection contingencies, placing all risk on the buyer and requiring significant cash reserves or non-traditional financing.
Complex Auction & Court Process: The live auction format, requirement for substantial upfront deposits, and the need for court confirmation and potential overbid introduce significant procedural complexities and delays.

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