4-Unit Spanish
New
For Sale
$1,175,000
2020 Olive, Long Beach, CA 90806
Each residence has its own laundry, with a landscaped backyard and established long-term tenancy.
Property Size3,928 SF
Days on Market4
Property Features for 2020 Olive
General Information
Standard status
Active
Size
3,928 SF
Property subtype
Investment
Site & Location
Neighborhood
Central
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Amenities
laundry
Building Details
Building Size
3,928 SF
Year Built
1923
Stories
2
Units
4
Construction
Spanish
Listing Agency:
RE/MAX Real Estate Specialists
Listed By:
Jamee Lindberg · License #01107487
(562) 881-3811
Source:
Elliman
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 6:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Specialists
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Investment Insights
Based on property information with market context.
Built in 1923, this Spanish-style quadplex contains four units, each with its own laundry. The property also has a backyard with new sod and landscaping, plus two garages described as accommodating two cars each.
At 2020 Olive in Long Beach, the property has a Walk Score of 82, a Bike Score of 72, and a Transit Score of 63. Long-term tenants are in place.
At 2020 Olive in Long Beach, the property has a Walk Score of 82, a Bike Score of 72, and a Transit Score of 63. Long-term tenants are in place.
Key Highlights
- Four residential units in a Spanish‑style quadplex
- Each unit has its own laundry
- Two rear garages, each described as accommodating two cars, with a large apron
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,379
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,580
$1.4M
Cap Rate 7%
$1,005,414
$1.0M
Cap Rate 9%
$781,989
$782.0K
Market Conditions
NOI Build-Up for 3,928 SF
Gross rent
$106.1K $27.00/SF
− Vacancy
−$5.5K −$1.40/SF
EGI
$100.5K $25.60/SF
− OpEx
−$30.2K −$7.68/SF
NOI
$70.4K $17.92/SF
Area
ZIP 90806
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,580
Cap Rate 7%
$1,005,414
Cap Rate 9%
$781,989
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$879.7K – $1.17M
NOI $70,379 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$903.5K
$790.6K – $1.05M
NOI $63,248 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,213 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
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Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has its own laundry, with a landscaped backyard and established long-term tenancy.
Where is this quadplex located?
The property is located at 2020 Olive Long Beach, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Four residential units in a Spanish‑style quadplex; Each unit has its own laundry; Two rear garages, each described as accommodating two cars, with a large apron
