- 4 Beds
- 10 Baths
- .14 Acres
- 135 DOM
936 Olive Avenue
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 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, downtown Long Beach, the beach, and major freeways, this property offers excellent accessibility and strong rental demand. Don’t miss this rare opportunity to acquire a turnkey asset at an attractive price. (Virtual Staging)
Essential Information
- MLS® #SB25126631
- Price$1,850,000
- Bedrooms4
- Bathrooms10.00
- Acres0.14
- Year Built1922
- TypeResidential Income
- Sub-TypeApartment
- StatusActive Under Contract
Community Information
- Address936 Olive Avenue
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
Area
4 - Downtown Area, Alamitos Beach
Amenities
- ParkingNone
- GaragesNone
- ViewNone
- PoolNone
Utilities
Electricity Available, Natural Gas Available
Interior
- InteriorVinyl
- HeatingWall Furnace
- CoolingWhole House Fan
- FireplacesNone
- # of Stories2
- StoriesTwo
Exterior
- Lot DescriptionSixToTenUnitsAcre
Additional Information
- Date ListedJune 1st, 2025
- Days on Market135
- ZoningLBR4R
Listing Details
- AgentNina Le
- OfficeBuckingham Investments, Inc
Price Change History for 936 Olive Avenue, Long Beach, (MLS® #SB25126631)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Nina Le, Buckingham Investments, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of October 25th, 2025 at 8:45am PDT. 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.