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1060 Olive

Long Beach, CA 90813
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Bed 0

Bed

Bath 0

Bath

SqFt12,270

Sqft

SqFt13,051

Sqft(Lot)

PROPERTY OVERVIEW - 1980'S CONSTRUCTION. Built in 1985, Ten60 Olive Avenue is a well-maintained 16-unit multifamily asset with strong curb appeal, located in Long Beach, California. The property features all 2-bedroom / 1-bath units with ample natural light. Amenities include on-site laundry facilities and secured underground parking with 24 parking spaces. $650K IN CAPITAL IMPROVEMENTS. Ownership has invested approximately $650K in recent capital improvements, significantly reducing near-term capital requirements and enhancing overall asset stability. Improvements include: high-end interior renovations on 11 of the 16 units, double-pane windows installed throughout all units, new railings and exterior enhancements, controlled access gates, building-wide security camera system, newly seale d roof in 2024, and upgraded fire panel system. ADDITIONAL INCOME & VALUE-ADD POTENTIAL. The property offers both in-place supplemental income and identifiable opportunities to further increase revenue; Laundry Income: On-site laundry facilities provide consistent ancillary income. Potential Utility Reimbursement (RUBS): Units are individually metered for gas and electricity positioning the asset for implementation of a RUBS program for additional income. Parking Income: Current rents include one parking space per unit. The property may offer an opportunity to increase parking income without requiring additional capital investment. STABLE IN-PLACE CASH FLOW WITH UPSIDE. With substantial capital improvements completed, strong curb appeal, and additional operational upside remaining, Ten60 Olive Avenue presents a well-balanced multifamily investment opportunity in the heart of Long Beach. The property combines stable in-place cash flow with meaningful long-term growth potential through rental increases, RUBS implementation, and ancillary income opportunities.

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Detail Ic Property Details

Property Type : Residential Income

Price : $5,400,000

AD Id : 79963506

MLS Id : PW26120925

Lot Size : 13,051 Sqft

Living Area Size : 12,270

Year Built : 1985

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1985 Building Area Total: 12,270
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2996
  • Lot Size Source: Assessor Lot Size Square Feet: 13051

  • Listing Price Information

    Original List Price: 5,400,000 Listing Contract Date: 2026-06-03
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7274011030

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: Olive Ave Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach Property SubType: Mixed Use
  • Building and Construction

    Property Age: 41 Common Walls: 2+ Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1036 Cherry Avenue, Long Beach, CA, 90813 $2,350,000 10 -- 4,722 4,722 SqFt
1081 Cherry Avenue, Long Beach, CA, 90813 $1,100,000 2 -- 2,773 2,773 SqFt
1735 E 10th Street, Long Beach, CA, 90813 $3,047,700 22 -- 10,253 10,253 SqFt
1050 Gaviota, Long Beach, CA, 90813 $4,500,000 -- -- 12,928 12,928 SqFt
1419 E 15th, Long Beach, CA, 90813 $995,000 -- -- 2,292 2,292 SqFt
933 Walnut Avenue, Long Beach, CA, 90813 $980,000 3 2 1,312 1,312 SqFt
1056 Hoffman, Long Beach, CA, 90813 $1,599,999 6 6 2,560 2,560 SqFt
1416 Orange, Long Beach, CA, 90813 $1,299,999 6 4 2,926 2,926 SqFt
1037 N Almond Court, Long Beach, CA, 90813 $789,000 2 1 1,224 1,224 SqFt
1310 E Hellman, Long Beach, CA, 90813 $1,725,000 -- -- 5,735 5,735 SqFt

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ByOwner last updated this listing 06/11/2026 @ 09:05

MLS: PW26120925 LISTED BY: Robert Stepp, Keller Williams Realty Downey 562-334-1500 SOURCE: CRMLS

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