Link Copied
Listed price in listed location currency (USD).
$1,795,000

000

MLS® SB26029628

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes 
Days Active 55
Approx. Age 1922
MLS® Number SB26029628

Property Address: 936 Olive Ave, Long Beach, CA, 90813

Average square foot calculated using Size range provided by listing agent.

Description

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 $179.5K per unit, it is currently operating at a 9.23 Gross Rent Multiplier (GRM) and a 6.6% cap rate based on current rents. At market rent levels, the GRM improves to 8.79, 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 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 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)
MLS® NumberSB26029628
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1922
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 9, 2026List Date
$1,795,000List Price

Home Appraisal

This property is estimated to sell between: $1,134,000 and $2,126,000.
Similar properties in this area sold on average for: $1,134,590
Expected to sell in 88 days. Similar properties sold in 143 days. This home has been on eXp Realty for 55 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
936 Olive Ave, Long Beach, CA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties