USACALong BeachCambodia Town1060 Olive Ave

1060 Olive Ave, Long Beach, CA

Name: 1060 Olive Ave, For Sale in Long Beach - eXp Realty
Brand: Keller Williams Realty Downey
SKU: PW26120925
Price: 5400000 USD

House

For Sale

Listed price in listed location currency (USD).

$5,400,000

0024

MLS® PW26120925

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size -

Garage

Taxes

Days Active 47

Lot Size

Approx. Age 1985

MLS® Number PW26120925

Property Address: 1060 Olive Ave, Long Beach, CA, 90813-3561

Average square foot calculated using Size range provided by listing agent.

Description

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 sealed 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.

MLS® NumberPW26120925

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1985

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 3, 2026List Date

$5,400,000List Price

Commute

Commute

Starting Address

Destination Address

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