16-Unit Multifamily Property

1060 Olive, Long Beach, CA 90813

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For Sale

$5,400,000

Well-kept 16-unit complex with secured underground parking and on-site laundry, plus recent building-wide capital improvements.

Type:Investment

HighLights

Built in 1985: 16‑unit multifamily property in Long Beach, CA with all units as 2‑bedroom/1‑bath.
Secured underground parking with 24 parking spaces, with current parking included in unit rents (1 parking space per unit).
On‑site laundry facilities provide consistent ancillary income.
About $650,000 in capital improvements: high‑end renovations on 11 of 16 units, plus double‑pane windows throughout.
Security and safety upgrades include controlled access gates and a building‑wide security camera system, along with an upgraded fire panel system.
Roof update: newly sealed roof in 2024, plus new railings and exterior enhancements.

We can help!

Listing Contact

Robert Stepp

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For Sale

$5,400,000

Well-kept 16-unit complex with secured underground parking and on-site laundry, plus recent building-wide capital improvements.

Type:Investment

Added:: Jun 4, 2026
Days on Market:: 7
Last Refresh:: Jun 6 at 4:18 am

Property Features for 1060 Olive

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1985

We can help!

Listing Contact

Robert Stepp

Listing agent Robert Stepp License #01456379

Listing office Keller Williams Realty SELA

Listing date Jun 4, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty SELA

HighLights

Built in 1985: 16‑unit multifamily property in Long Beach, CA with all units as 2‑bedroom/1‑bath.
Secured underground parking with 24 parking spaces, with current parking included in unit rents (1 parking space per unit).
On‑site laundry facilities provide consistent ancillary income.
About $650,000 in capital improvements: high‑end renovations on 11 of 16 units, plus double‑pane windows throughout.
Security and safety upgrades include controlled access gates and a building‑wide security camera system, along with an upgraded fire panel system.
Roof update: newly sealed roof in 2024, plus new railings and exterior enhancements.

Overview

Built in 1985, this 16-unit multifamily property offers all 2-bedroom, 1-bath apartments with ample natural light. The building includes on-site laundry facilities and secured underground parking with 24 parking spaces. Recent ownership investments total approximately $650,000 in capital improvements, including high-end interior renovations in 11 of the 16 units, double-pane windows installed throughout, new railings and exterior enhancements, controlled access gates, and a building-wide security camera system. Additional improvements include a newly sealed roof in 2024 and an upgraded fire panel system.

Located in Long Beach, California, the property benefits from moderately walkable conditions and good transit access, supported by Walk Score of 53, Transit Score of 66, and Bike Score of 61.

For buyers and operators, the unit mix and amenity package support day-to-day tenant convenience, while the operational components may help support additional income streams. On-site laundry provides ancillary income, and individual metering for gas and electricity may position the property for a utility reimbursement (RUBS) program. Parking is currently billed with one parking space per unit, and there may be an opportunity to increase parking-related revenue without requiring additional capital investment.

Location Intelligence

Current Use by Public Records

Ali’s Pad Apartment Building

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Location Insight

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Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.1825385
Latitude: 33.7801777

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What type of property is this?

Apartment building - Well-kept 16-unit complex with secured underground parking and on-site laundry, plus recent building-wide capital improvements.

Where is this apartment building located?

The property is located at 1060 Olive Long Beach, CA.

What is the asking price?

The asking price for this property is $5,400,000.

What are key features of this property?

This property features: Built in 1985: 16‑unit multifamily property in Long Beach, CA with all units as 2‑bedroom/1‑bath.; Secured underground parking with 24 parking spaces, with current parking included in unit rents (1 parking space per unit).; On‑site laundry facilities provide consistent ancillary income.