Back to Search Nalren

Sold for $4,995,000 · Aug 2019

SOLD

Listed at $5,095,000

Sold

1060 OLIVE Avenue, Long Beach, CA 90813

Long Beach, CA

MLS# 19464906

12,270 Sq Ft • Property
35 days on market

Listing Agent

Brice Head

Listing Agent

Marcus & Millichap

DRE #: 01330706

Brokerage: Marcus & Millichap

Property Details

N/A

Bedrooms

N/A

Bathrooms

12,270 sqft

Square Feet

1985

Year Built

0.3 acres

Lot Size

$407

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

A seamless investment opportunity - an 'easy' acquisition for a novice investor or a painless addition to a seasoned investor's portfolio. The subject property has been extensively and elegantly rehabbed with $400,000 of capital expenditure. The attractive, mid-century modern aesthetic attracts a discerning renter. 10 of the 16 units have been gutted and redone. The owners, admittedly, overspent and it shows. All new surfaces, flooring, fixtures. You name it, it's new. In addition to the interior rehab, the rehabbed units have had A/C installed. On the exterior, the entire façade has been re-imaged. Also, new windows and extensive drought-tolerant landscaping, in front and along both sides of the building. The 1985-built, all 2 Bedroom asset, is 25 years newer than the 'average' Long Beach apartment property; IMMEDIATE UPSIDE TO A 6% CAP WITH JUST MODEST INCREASES TO THE REMAINING 6 UNITS.

Listing description from the August 2019 sale, as reported to CRMLS.

Sale history for 1060 OLIVE Avenue

2 recorded sales

$4,995,000
Sold August 2019 · listed $5,095,000, on market May 2019, 35 days on market · MLS #19464906 · Source: CRMLS
Listing Agent: Brice Head · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Brice Head · Marcus & Millichap
$2,220,000
Sold October 2014 · listed $1,899,000, on market August 2014, 12 days on market · MLS #14788485 · Source: CRMLS
Listing Agent: Suminda Sellahewa · Listing Office: L and M Estates, Inc. · Contact: 310-621-1563 · Bought with: Suminda Sellahewa · L and M Estates, Inc.

How this sale compares

1060 OLIVE Avenue sold for $4,995,000 in August 2019, 2.0% under its $5,095,000 list price, after 35 days on the market. Across 98 closed sales in 90813 over the last 12 months, the median sold price is $720,000 and the median is $490 per square foot.

$490
90813 median per sq ft (12 mo)
$720,000
90813 median sold price (12 mo)
98
Closed sales in 90813 (12 mo)
35
Days on market
−2.0%
Sold vs. list price
QuarterClosed sales in 90813Median sold price
Q1 20269$610,000
Q2 202638$750,000
Q3 202636$710,000
Q4 202615$750,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Long Beach · Homes for sale in 90813

Recent sales near 1060 OLIVE Avenue

Closed sales reported in 90813, nearest first, last 12 months. All recent sales in Long Beach →

Explore Long Beach

Homes for sale in Long Beach Recently sold in Long Beach Homes for sale in 90813 All California homes

CRMLS

MLS# 19464906

Listed: 5/10/2019

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 8/21/2019. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Marcus & Millichap

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.