Six-Unit Updated Apartment
For Sale
$1,450,000
1071 Olive, Long Beach, CA 90813
Two-bedroom apartments near Downtown Long Beach include in-unit laundry and ductless mini split air conditioning in several units.
Property SizeContact for details
Days on Market20
Property Features for 1071 Olive
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multi-Family
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Amenities
in-unit laundry
ductless mini split air conditioning
Listing Agency:
Sage Real Estate Group, Inc.
Listed By:
Cody Charnell cody@sageregroup.com
Source:
Findahomenorthcountysandiego
Added: Aug 29
Changed: Sep 9
Last Checked: Sep 16 at 9:50PM
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 Sage Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
This six-unit apartment property is configured entirely with 2bed/1bath residences, each updated within the past five years. Several apartments provide in-unit laundry, while ductless mini split air conditioning is installed in several units. One residence is vacant, allowing the next owner to address leasing immediately.
The property is located near Downtown Long Beach and includes four driveway parking spaces plus a freestanding one-car garage. An unused laundry room is also part of the improvements and may support additional income potential. The combination of consistent unit configuration, recent updates, parking, and varied in-unit amenities provides a clear operating profile for multifamily ownership.
The property is located near Downtown Long Beach and includes four driveway parking spaces plus a freestanding one-car garage. An unused laundry room is also part of the improvements and may support additional income potential. The combination of consistent unit configuration, recent updates, parking, and varied in-unit amenities provides a clear operating profile for multifamily ownership.
Key Highlights
- Six‑unit apartment building near Downtown Long Beach
- All units are 2bed/1bath and were updated within the past five years
- One unit is currently vacant
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,081
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom apartments near Downtown Long Beach include in-unit laundry and ductless mini split air conditioning in several units.
Where is this apartment building located?
The property is located at 1071 Olive Long Beach, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Six‑unit apartment building near Downtown Long Beach; All units are 2bed/1bath and were updated within the past five years; One unit is currently vacant
