1071 Olive Long Beach, CA $ 1,450,000
1071 Olive
$ 1,450,000
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1071 Olive

Long Beach, CA, 90813
$ 1,450,000
Baths1.0 Sq 4,364

Monthly Estimate*

$ 9,155

Listed by Sage Real Estate Group, Inc.
1071 Olive, Long Beach, CA 90813 - Image 1
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,450,000 with 1 full bath. This 4,364 square foot home was built in 1961 on a lot size of 0.1496.

1071 Olive Avenue is a well-maintained six-unit apartment building near Downtown Long Beach. The property offers a desirable unit mix consisting entirely of 2bed/1bath units, all updated within the past five years. Several units feature in-unit laundry and ductless mini split air conditioning. One unit is currently vacant, providing an immediate opportunity to lease at market rent. The property includes four driveway parking spaces, a freestanding one-car garage and an unused laundry room with additional income potential.

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1496

Year Built

1961

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26193792

Days on Market

15

Features
General
Sewer Public Sewer
Heating Heat Pump Wall Furnace
Cooling Ductless
Garage Spaces 1
Pool Features None
Year Built 1961
Tenant Pays Electricity Gas
View None
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 0
Community Features Sidewalks
County Los Angeles
Net Operating Income 88937
Operating Expense 46723
Insurance Expense 6000
New Construction false
Property Type Residential Income
MaintenanceExpense 4500
Subdivision Name Downtown (DT)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions North of 10th on Olive
City Long Beach
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 6
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 6517
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 17
Property Sub Type Additional Apartment
Taxes 18125
Cap Rate 6.1
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area Inside
Entry Level 1
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Exterior
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 5
Lot Size Area 6517
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 4364
Lot Size Acres 0.1496
Private Pool false
Lot Size Source Assessor
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded Features
List By
Sage Real Estate Group, Inc.

Broker

cody@sageregroup.com

Email

Affordability Calculator

$9,155
Per Month
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Monthly Principal & Interest
$9,155
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$1,450,000 Listed Price

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1071 Olive, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,450,000 with 4,364 sqft and a lot size of 0.1496. 1071 Olive is a studio with 1.0 baths and was built in 1961. The property's zip code is 90813 which is in Long Beach, CA