936 Olive Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
936 Olive Avenue,Long Beach, CA 90813
$1,710,000
  • 1 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: nina le
Office: buckingham investments, inc
MLS#:SB26029628
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,710,000

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 upgradesincluding a new roof and updated main electrical panelwere 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...

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Home facts

  • Listing ID #:SB26029628
  • Added:94 day(s) ago
  • Updated:May 15, 2026 at 02:02 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:4

Heating and cooling

  • Cooling:Attic Fan

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,710,000
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