1060 Olive Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated payment $35,060/month
About This Home
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.
Listing Agent
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 06/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 13,051 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 12,270 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 24 Parking Spaces
- 24 Carport Spaces
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 5 / 3
- Tax Tract Number 5763
- Assessor Parcel Number 7274011030
- $3,422 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,379
- Fuel Expense $5,379
- Gardener Expense $1,200
- Insurance Expense $12,000
- Maintenance Expense $8,800
- Other Expense $3,200
- Pest Control $1,000
- Professional Management Expense $29,213
- Trash Expense $5,379
- Water Sewer Expense $5,379
- New Taxes Expense $71,948
- Operating Expense $149,736
- Gross Income $430,331
- Net Operating Income $280,595
Additional Features
- 16 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $72,750 | $5,462,758 | $3,554,348 | $1,908,410 |
| 2024 | $69,589 | $5,355,646 | $3,484,655 | $1,870,991 |
| 2023 | $68,414 | $5,250,634 | $3,416,329 | $1,834,305 |
| 2022 | $64,194 | $5,147,682 | $3,349,343 | $1,798,339 |
| 2021 | $62,913 | $5,046,748 | $3,283,670 | $1,763,078 |
| 2019 | $47,301 | $3,681,180 | $2,575,500 | $1,105,680 |
| 2018 | $30,827 | $2,344,908 | $1,637,211 | $707,697 |
| 2016 | $28,337 | $2,253,854 | $1,573,637 | $680,217 |
| 2015 | $27,223 | $2,220,000 | $1,550,000 | $670,000 |
| 2014 | $9,137 | $597,866 | $172,715 | $425,151 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/03/2026 06/03/26 | For Sale | $5,400,000 | +8.1% | $440 / Sq Ft | |
| 08/21/2019 08/21/19 | Sold | $4,995,000 | -2.0% | $407 / Sq Ft | View Prior Sale |
| 06/14/2019 06/14/19 | Pending | -- | -- | -- | |
| 05/10/2019 05/10/19 | For Sale | $5,095,000 | +129.5% | $415 / Sq Ft | |
| 10/16/2014 10/16/14 | Sold | $2,220,000 | +16.9% | $181 / Sq Ft | View Prior Sale |
| 09/02/2014 09/02/14 | Pending | -- | -- | -- | |
| 08/22/2014 08/22/14 | For Sale | $1,899,000 | -- | $155 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26120925
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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