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$1,795,000

  • For Sale
  • Active
  • Multi-Family
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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)

Full Property Details for 936 Olive Ave

General

  • Price: $1,795,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB26029628
  • Updated: 2/9/2026
  • Days on Market: 21 days
  • Added to Site: 21 day(s) ago

Interior

  • Fireplace(s): None
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Off-Street
  • Parking: Off-Street

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: near 10th St. and Martin Luther King Ave.

Heating & Cooling

  • Cooling Type: Whole House Fan
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Roof: Flat
  • Entry Location: door
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 5,699
  • Year Built: 1922

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1444
  • Lot Size (Sq. Ft.): 6,289
  • Lot Size Source: Assessor
  • Zoning: LBR4R
  • Lot Description: 6-10 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $314.97
  • Price Per Unit: 179500

Listed by Buckingham Investments, Inc, Nina Le

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Listing agent

— 936 Olive Ave —

  • Nina Le

    Buckingham Investments, Inc

818-415-9362

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 936 Olive Ave

School District:Long Beach Unified School District
NameGradesDistance
International Elementary School
700 Locust Ave., Long Beach, CA 90813
K-50.5 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.4 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 936 Olive Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Listed
$1,795,000
19.67%
MLS
11/28/2017
Sold
$1,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 936 Olive Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,626
6%
$1,707,258
4%
2023
$22,189
6%
$1,640,986
2%
2022
$20,841
2%
$1,608,821
2%
2021
$20,399
—
$1,577,287
1%
2020
$20,347
1%
$1,561,120
2%
2019
$20,107
78%
$1,530,000
88%
2018
$11,273
1%
$813,322
2%
2017
$11,152
8%
$797,376
2%
2016
$10,372
3%
$781,742
2%
2015
$10,027
4%
$770,000
6%
2014
$9,632
3%
$726,562
—
2013
$9,350
—
$723,279
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 936 Olive Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Buckingham Investments, Inc, Nina Le

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936 Olive Avenue, Long Beach, CA 90813 (MLS# SB26029628) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 936 Olive Avenue is currently listed for $1,795,000 and was received on February 09, 2026. Want to learn more about 936 Olive Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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