936 Olive Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
936 Olive Avenue,Long Beach, CA 90813
$1,710,000
  • - Beds
  • - Baths
  • 5,699 sq. ft.
  • Multi-family
  • Active
Listed by: nina le
Office: buckingham investments, inc310-982-7055
MLS#:SB26029628
Source:CRMLS

Price summary

  • Price:$1,710,000
  • Price per sq. ft.:$300.05

About this home

Turnkey 10-Unit Property in Prime North East Village – Priced to Sell! Major Price Reduction! 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 $171K per unit, it is currently operating at a 8.76 Gross Rent Multiplier (GRM) and a 6.7% cap rate based on current rents. At market rent levels, the GRM improves to 8.33, and the cap rate increases to 6.9%. 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 main electrical panel—were completed in 2024. The building is master-metered with a RUBS (Ratio Utility Billing System) in place, currently recapturing 80% 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...

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Home facts

  • Year built:1922
  • Listing ID #:SB26029628
  • Added:112 day(s) ago
  • Updated:May 23, 2026 at 01:22 PM

Rooms and interior

  • Flooring:Vinyl
  • Living area:5,699 sq. ft.

Heating and cooling

  • Cooling:Whole House Fan
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Flat
  • Year built:1922
  • Building area:5,699 sq. ft.
  • Lot area:0.14 Acres
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,710,000
  • Price per sq. ft.:$300.05

Features and amenities

  • Laundry features:Common Area

Parking

  • Parking description:Off Street
Based on information from California Regional Multiple Listing Service, Inc. as of June 2, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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