936 Olive Avenue, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
#1#2#3
936 Olive Avenue,Long Beach, CA 90813
$1,850,000
  • 1 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:nina le
Office:buckingham investments, inc
MLS#:SB25126631
Source:SANDICOR

Price summary

  • Price:$1,850,000

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 9.47 Gross Rent Multiplier (GRM) and a 6.2% cap rate based on current rents. At market rent levels, the GRM improves to 8.90, and the cap rate increases to 6.8%. The unit mix includes 7 studios, 2 one-bedrooms, and 1 two-bedroom unit. All units have been remodeled, and major upgradesincluding a new roof and updated electrical panelwere 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, downtown

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Home facts

  • Listing Id #:SB25126631
  • Added:64 day(s) ago
  • Updated:August 15, 2025 at 02:01 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:4

Heating and cooling

  • Cooling:Attic Fan

Finances and disclosures

  • Price:$1,850,000
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