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936 Olive Ave
For Sale $1,710,000
$1,710,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,289 Sq Ft
Description
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 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)
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,710,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1922 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7274022018 |
| MLS # | SB26029628 |
| Property ID | 322583041 |
| Lot Sqft | 6,289 |
| Zoning | LBR4R |
| Total Units | 10 |
| Days on Market | 90 |
| Original List Price | $1,795,000 |
| Date Updated | April 16, 2026 |
| Date Created | February 08, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $15,404 | $0 |
| Net Income (Yr) | $ 114,161 |
| Cap Rate | 6.7% |
Listing Provided By
Nina Le an agent of . Lic #02126566
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 16, 2026 The information being 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.
Robert Crawford
REAL ESTATE AGENT