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1071 Olive, Long Beach, CA 90813

$1,450,000
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  • —

    bed

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    bath

Multi-family for sale 31 days
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About 1071 Olive

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Lot size 6,517 Sqft
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Cody Charnell
Listing Agent Contact: 562-896-3851
Listing Office - Sage Real Estate Group, Inc.
Source: CRMLS mls logo
MLS#PW26193792 • last updated 1 month ago
Movoto checked CRMLS for data 3 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1496
Lot Size (SqFt) 6517
Year Built 1961
Interior
Exterior
Foundation Slab
Building Area Square Feet, 4364
# Uncovered Spaces 4
# Parking Spaces 5
# Garage Spaces 1
Lot Description 6-10 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Sidewalks
Subdivision Downtown (DT), Downtown (DT)
Directions North Of 10th On Olive
APN 7274012018
Multifamily Details
Vacancy Allowance Rate 5
Vacancy Allowance 7140
Operating Expense 46723
Cap Rate 6.1
Expense: Insurance 6000
Total Expenses 46723
Expense: Maintenance 4500
Gross Operating Income 137073
Gross Multiplier 10.15
Gross Scheduled Income 142800
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6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Saint Mary
  • 1071 Olive

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/1/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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