936 Olive Avenue

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,699 Sqft
  • 6289
    Sqft(Lot)
$1,850,000

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 $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)

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50165838

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None
    • Flooring: Vinyl

    Cooling Features

    • Whole House Fan
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1922
    • Building Area Total: 5,699

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1444
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6289

  • Listing Price Information

    • Original List Price: 1,850,000
    • Listing Contract Date: 2025-06-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7274022018

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Directions: near 10th St. and Martin Luther King Ave.
    • Zoning: LBR4R
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 103
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: door
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/21/2025 @ 07:45

  • MLS: SB25126631
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,699 sqft, 6,289 sized lot, and 0 parking. are nearby neighborhoods.