$5,400,000
1060 Olive, Long Beach CA 90813
Multi-Family (16 Units)
Property type
2 days
On market
$440
Price per sqft
0 cars
Garage
1985
Year built
13,051 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Robert Stepp DRE #01456379 310-774-3740, Keller Williams Realty Downey
Listing updated: Jun 3, 2026 at 09:31pm.
Last checked: Jun 3, 2026 at 10:00pm
Source: CRMLS #PW26120925
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 16 | 2 | 1 | — | $2,298 | $36,768 | $2,450 | Unfurnished |
# of Buildings: 1
# of Units Total: 16
Separate Electric Meters: 16
Separate Gas Meters: 16
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.2x
List Price / Annual Gross Rent
Cap Rate
5.2%
NOI / List Price
Gross Scheduled Income: $443,640
Operating Expense: $149,736
Net Operating Income: $280,595
Annual Operating Expenses
Electric: $5,379
Gardener: $1,200
Fuel: $5,379
Insurance: $12,000
Licenses: $860
Maintenance: $8,800
New Taxes: $71,948
Pest Control: $1,000
Professional Management: $29,213
Trash: $5,379
Water / Sewer: $5,379
Other Expense: $3,200
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Sixteen To Twenty Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Carport Spaces: 24
Parking Total: 24
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7274011030
Additional Parcels: No
Tax Lot: 5
Tax Block: 3
Subdivision: Cambodia Town
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1060 Olive, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,320,000
Total Interest
$5,509,922
Total Payment
$9,829,922
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$33,080
per month
Property History for 1060 Olive
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
Similar Homes
Listings with similar prices to 1060 Olive