16-Unit Multifamily
1060 Olive Long Beach, CA 90813
1060 Olive, Long Beach, CA, 90813
$5,400,000
For Sale
$5,400,000
Well-kept 16-unit complex with secured underground parking and on-site laundry, plus recent building-wide capital improvements.
Days on Market48
Property Features for 1060 Olive
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1985
Listing agency
Stepp Commercial
(310) 774-3740
Listed by
Robert Stepp · License #01456379
(310) 774-3740
Source
Elliman
Added: Jun 4 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:07AM
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 Stepp Commercial
Investment Insights
Based on property information with market context.
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.
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.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ali’s Pad
Apartment Building
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FAQs
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.
