# 1060 Olive, Long Beach, CA 90813

> **TL;DR:** 2bd/1ba residential multi family, $5,400,000 ($440/sqft), built 1985, 12,270 sqft. Est. $23,400/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,400,000 |
| Price/sqft | $440 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 12,270 |
| Year Built | 1985 |
| Lot Size | 13,051 sqft (0.30 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $23,400 |
| **Total** | **$23,400** |

## Property Highlights

- Built in 1985
- 0.30 acre lot
- 2 stories
- 24 parking spaces

## Description

### 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.

## Location

- **Address:** 1060 Olive, Long Beach, CA 90813
- **County:** Los Angeles
- **Neighborhood:** Other (OTHR)
- **Coordinates:** 33.78021, -118.182704
- **Google Maps:** https://www.google.com/maps?q=33.78021,-118.182704

## Listing Agent

- **Name:** Robert Stepp
- **Brokerage:** Keller Williams Realty Downey
- **Phone:** 3104632916
- **Email:** rstepp@steppcommercial.com

## Primary Photo

![1060 Olive - Primary Photo](http://lh.rdcpix.com/9a02a8610525cfd9865e8c0c919886eal-f1369749747r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/1060-olive-long-beach-ca-90813-26120925)*

---

**MLS#:** PW26120925 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1060-olive-long-beach-ca-90813-26120925)

---

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