Turnkey Multifamily Property in Long
936 Olive Avenue, Long Beach, CA 90813
Apartment - Long Beach, CA
Type:Apartment
Property size:
5,699 SFLot size:
6,289.00 AcresPrice / SF:
$300/SF- Added:
- Feb 9, 2026
- Days on Market:
- 94
- Last Refresh:
- May 14 at 3:06 pm
Property Features for 936 Olive Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- LBR4R
- Bedrooms
- 4
- Bathrooms
- 10
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Off Street
- Exterior features
- Community Features Included: Sidewalks, 6-10 Units/Acre
- Standard status
- Active
- APN
- 7274022018
- Size
- 5,699 SF
- Lot size
- 6,289.00 Acres
Utilities
- Heating system
- Wall Furnace
- Cooling system
- Whole House Fan
Building Details
- Year built
- 1922
- Floors in Building
- 2
- Number of units
- 10
- Flooring type
- Vinyl
- Roof type
- Flat
- Architectural style
- Other
Listing agent Nina Le License #02126566 (818) 415-9362
Listing office Buckingham Investments, Inc 1304 El Prado Ave Ste C, Long Beach, CA (310) 982-7055
Listing date Feb 9, 2026
MLS# SB26029628
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey, fully stabilized 10‑unit property in a prime location.
- Attractive pricing at $179.5K per unit with potential for increased returns (6.9% cap rate at market rents).
- Recent major upgrades including a new roof and updated electrical panel (2024).
- Strong rental demand due to proximity to St. Mary Medical Center, downtown Long Beach, and the beach.
- RUBS in place, recapturing 80% of utility expenses.
- Remodeled units with a desirable unit mix (7 studios, 2 one‑bedrooms, 1 two‑bedroom).
Overview
Located in the densely populated North East Village neighborhood, this stabilized 10-unit property is an investment opportunity. The unit mix includes 7 studios, 2 one-bedroom units, and 1 two-bedroom unit. All units have been remodeled. Major upgrades, including a new roof and an updated main electrical panel, were completed in 2024. The building is master-metered with a Ratio Utility Billing System (RUBS) 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. The property is situated near St. Mary Medical Center, downtown Long Beach, the beach, and major freeways, offering accessibility and rental demand. The property is 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 property contains 5699 square feet and sits on a lot of approximately 0.14 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.182321
- Latitude
- 33.778373
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Remodeled 10-unit apartment building near downtown Long Beach.
Where is this apartment building located?
The property is located at 936 Olive Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,710,000.
What are key features of this property?
This property features: Turnkey, fully stabilized 10‑unit property in a prime location.; Attractive pricing at $179.5K per unit with potential for increased returns (6.9% cap rate at market rents).; Recent major upgrades including a new roof and updated electrical panel (2024).
