936 Olive Avenue, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
936 Olive Avenue,Long Beach, CA 90813
$1,850,000
  • - Beds
  • - Baths
  • 5,699 sq. ft.
  • Multi-family
  • Active
Listed by: nina le
Office: buckingham investments, inc
MLS#:SB25126631
Source:CRMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$324.62

About this home

Turnkey 10-Unit Property in Prime North East Village – Priced to Sell! Located in the vibrant and densely populated North East Village neighborhood, this fully stabilized 10-unit property is an exceptional investment opportunity. Priced at just $185K per unit, it is currently operating at a 9.67Gross Rent Multiplier (GRM) and a 6.1% cap rate based on current rents. At market rent levels, the GRM improves to 8.77, and the cap rate increases to 7.0%. The unit mix includes 7 studios, 2 one-bedrooms, and 1 two-bedroom unit. All units have been remodeled, and major upgrades—including a new roof and updated electrical panel—were completed in 2024. The building is master-metered with a RUBS (Ratio Utility Billing System) in place, currently recapturing 60% of utility expenses. An on-site coin-operated laundry room adds convenience for tenants and generates additional income. The exterior has been freshly painted, enhancing curb appeal. Ideally situated near St. Mary Medical Center,

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Home facts

  • Year built:1922
  • Listing ID #:SB25126631
  • Added:155 day(s) ago
  • Updated:November 14, 2025 at 11:55 PM

Rooms and interior

  • Living area:5,699 sq. ft.

Heating and cooling

  • Cooling:Whole House Fan
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Flat
  • Year built:1922
  • Building area:5,699 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$324.62
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