Active

1060 Olive

Long Beach, CA 90813
Mark as Favorite
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.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

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

Subdivision: Country Club Estates

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Building Information

    Year Built: 1985
    Building Area Total: 12270
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 13051 Lot Size Acres: 0.2996 Lot Size Source: Assessor Lot Size Square Feet: 13,051 Lot Description: 16-20 Units/Acre

    Property Information

    Subdivision: Cambodia Town Source Property Type: Residential Income Property SubType: Mixed Use Property Age: 41

  • Listing Price Information

    Listing Price: $5400000
    Cash, Cash to New Loan, 1031 Exchange

  • Tax Information

    Parcel Number: 7274011030 Tax Lot: 5 Tax Block: 3

  • Parking Information

    Parking Total: 24

  • Location Information

    Direction: Olive Ave WaterSource: Public
Sell a home like this and save $323,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1036 Cherry Avenue, Long Beach, CA, 90813 $2,275,000 10 8 4,722 4,722 SqFt
1061 N Minerva, Long Beach, CA, 90813 $595,000 1 1 703 703 SqFt
1050 Gaviota, Long Beach, CA, 90813 $4,500,000 -- -- 12,928 12,928 SqFt
1323 Walnut Ave, Long Beach, CA, 90813 $1,599,000 8 6 --
1390 Gundry Avenue, Long Beach, CA, 90813 $530,000 1 1 654 654 SqFt
755 Gaviota Avenue, Long Beach, CA, 90813 $2,875,000 2 2 --
933 Walnut Avenue, Long Beach, CA, 90813 $959,000 3 2 1,312 1,312 SqFt
1377 Warren Avenue, Long Beach, CA, 90813 $1,627,000 4 -- 4,944 4,944 SqFt
1416 Orange, Long Beach, CA, 90813 $1,299,999 6 4 2,926 2,926 SqFt
1310 E Hellman, Long Beach, CA, 90813 $1,599,000 10 5 --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 18:16

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

Homes around $5,400,000

Selling? Save $323,501 when you sell a home like this

Tour with a ByOwner Agent