16-Unit Apartment Building with Secured
For Sale
$5,400,000
1060 Olive, Long Beach, CA 90813
COMMERCIAL - Long Beach, CA
Property SizeContact for details
Lot Size0.30 Acres
Days on Market72
Property Features for 1060 Olive
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Laundry Room, Bedroom 2, Bedroom 1
Parking
24
Subdivision
Other (OTHR)
Lot features
16-20 Units/ Acre
Directions
Olive Ave
Standard status
Active
APN
7274011030
Lot size
0.30 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
on-site laundry
controlled access gates
security camera system
Building Details
Year built
1985
Floors in Building
2
Number of units
16
Listing Agency:
Keller Williams Realty Downey
(562) 334-1500
Listed By:
Robert Stepp · License #01456379
(310) 463-2916
Added: Jun 3
Changed: Aug 11
Last Checked: Aug 13 at 11:06AM
MLS# PW26120925
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1060 Olive Avenue is a well-maintained 16-unit multifamily apartment building built in 1985. The property features all 2-bedroom/1-bath units with ample natural light, plus on-site laundry facilities for resident convenience. Parking is provided in secured underground parking with 24 spaces.
Ownership has completed substantial capital improvements, including high-end interior renovations on 11 of the 16 units, double-pane windows installed throughout all units, and exterior upgrades such as new railings. The building also includes 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.
The property is serviced by public water and public sewer, and it sits on a 0.2996-acre lot in Long Beach (Los Angeles County), CA 90813.
Ownership has completed substantial capital improvements, including high-end interior renovations on 11 of the 16 units, double-pane windows installed throughout all units, and exterior upgrades such as new railings. The building also includes 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.
The property is serviced by public water and public sewer, and it sits on a 0.2996-acre lot in Long Beach (Los Angeles County), CA 90813.
Key Highlights
- 16 units with all 2‑bedroom/1‑bath layouts
- On‑site laundry facilities for residents
- Secured underground parking with 24 parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
3,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 1985-built 16-unit apartment building with all 2-bedroom/1-bath units, on-site laundry, and 24 secured underground spaces.
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: 16 units with all 2‑bedroom/1‑bath layouts; On‑site laundry facilities for residents; Secured underground parking with 24 parking spaces
