936 Olive Avenue, Long Beach, CA 90813 - Photo 1 of 10, Long Beach, CA
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$1,710,000

936 Olive Avenue, Long Beach, CA 90813

1Beds
4Baths
0
70Days Listed

About This Property

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 upgradesincluding a new roof and updated main electrical panelwere 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. Dont miss this rare opportunity to acquire a turnkey asset at an attractive price. (Virtual Staging)

Property Location

Map

Property Details

Property Type
Res Income 2-4 Units
Bedrooms
1
Bathrooms
4
Building Area
0 Sqft
Living Area
0 sqft
Year Built
0
Status
Active
Days on Market
70
Cumulative Days on Market
68
Original Price
$1,795,000

Location & Neighborhood

What's nearby 936 Olive Avenue, Long Beach, CA 90813

Lifestyle Summary

** Living at 936 Olive Avenue offers a perfect blend of convenience, community, and coastal charm. With easy access to public transportation, parks, and a vibrant culinary scene, you'll find that everything you need is just a stone's throw away. The neighborhood's welcoming vibe and family-friendly amenities create a sense of belonging, making it an ideal place for individuals and families alike. Embrace the coastal lifestyle and discover the warmth and excitement that Long Beach has to offer.

🏘️Neighborhood Vibe

** Long Beach is a vibrant coastal city that effortlessly combines urban living with a laid-back beach atmosphere. The neighborhood surrounding 936 Olive Avenue is filled with friendly faces, eclectic shops, and community spirit, making it an inviting place to call home. With a rich cultural scene and a diverse population, you'll find a welcoming environment that celebrates creativity and connection. **COMMUTER_SUMMARY:** Conveniently located near multiple bus stops, including Alamitos & 10th and Atlantic & Tenth, commuting from this property is a breeze. Whether you're heading to downtown Long Beach or exploring nearby areas, public transit options provide easy access to the city's many attractions. For those with a car, major thoroughfares and highways are within reach, ensuring a smooth journey to your destination. **FAMILY_SUMMARY:** Families will appreciate the proximity to several parks, including Peace Park and Douglas MacArthur Park, both of which offer ample green space and recreational activities for children. With a community-oriented atmosphere and nearby schools that foster a supportive learning environment, this neighborhood is an ideal place to raise children. Additionally, local amenities and convenience stores ensure that daily needs are met with ease. **DINING_ENTERTAINMENT:** The area surrounding 936 Olive Avenue boasts a variety of dining options, from charming cafes to eclectic eateries that cater to diverse palates. Enjoy a leisurely brunch at a local café or savor the vibrant culinary scene that Long Beach is known for, featuring everything from fresh seafood to international flavors. As the sun sets, the nearby nightlife offers an array of bars and entertainment venues to explore, ensuring there's always something to do. **OUTDOOR_RECREATION:** Residents are just a short stroll from Peace Park and Douglas MacArthur Park, where you can enjoy leisurely walks, picnics, or outdoor sports with family and friends. The proximity to the beach also allows for a quick escape to the sandy shores, perfect for sunbathing, beach volleyball, or simply taking in the ocean breeze. With so many outdoor spaces nearby, staying active and enjoying nature is an integral part of life in this neighborhood. **OVERALL_LIFESTYLE:** Living at 936 Olive Avenue offers a perfect blend of convenience, community, and coastal charm. With easy access to public transportation, parks, and a vibrant culinary scene, you'll find that everything you need is just a stone's throw away. The neighborhood's welcoming vibe and family-friendly amenities create a sense of belonging, making it an ideal place for individuals and families alike. Embrace the coastal lifestyle and discover the warmth and excitement that Long Beach has to offer.

🚗Commuting

** Conveniently located near multiple bus stops, including Alamitos & 10th and Atlantic & Tenth, commuting from this property is a breeze. Whether you're heading to downtown Long Beach or exploring nearby areas, public transit options provide easy access to the city's many attractions. For those with a car, major thoroughfares and highways are within reach, ensuring a smooth journey to your destination. **FAMILY_SUMMARY:** Families will appreciate the proximity to several parks, including Peace Park and Douglas MacArthur Park, both of which offer ample green space and recreational activities for children. With a community-oriented atmosphere and nearby schools that foster a supportive learning environment, this neighborhood is an ideal place to raise children. Additionally, local amenities and convenience stores ensure that daily needs are met with ease. **DINING_ENTERTAINMENT:** The area surrounding 936 Olive Avenue boasts a variety of dining options, from charming cafes to eclectic eateries that cater to diverse palates. Enjoy a leisurely brunch at a local café or savor the vibrant culinary scene that Long Beach is known for, featuring everything from fresh seafood to international flavors. As the sun sets, the nearby nightlife offers an array of bars and entertainment venues to explore, ensuring there's always something to do. **OUTDOOR_RECREATION:** Residents are just a short stroll from Peace Park and Douglas MacArthur Park, where you can enjoy leisurely walks, picnics, or outdoor sports with family and friends. The proximity to the beach also allows for a quick escape to the sandy shores, perfect for sunbathing, beach volleyball, or simply taking in the ocean breeze. With so many outdoor spaces nearby, staying active and enjoying nature is an integral part of life in this neighborhood. **OVERALL_LIFESTYLE:** Living at 936 Olive Avenue offers a perfect blend of convenience, community, and coastal charm. With easy access to public transportation, parks, and a vibrant culinary scene, you'll find that everything you need is just a stone's throw away. The neighborhood's welcoming vibe and family-friendly amenities create a sense of belonging, making it an ideal place for individuals and families alike. Embrace the coastal lifestyle and discover the warmth and excitement that Long Beach has to offer.

👨‍👩‍👧‍👦Family Living

** Families will appreciate the proximity to several parks, including Peace Park and Douglas MacArthur Park, both of which offer ample green space and recreational activities for children. With a community-oriented atmosphere and nearby schools that foster a supportive learning environment, this neighborhood is an ideal place to raise children. Additionally, local amenities and convenience stores ensure that daily needs are met with ease. **DINING_ENTERTAINMENT:** The area surrounding 936 Olive Avenue boasts a variety of dining options, from charming cafes to eclectic eateries that cater to diverse palates. Enjoy a leisurely brunch at a local café or savor the vibrant culinary scene that Long Beach is known for, featuring everything from fresh seafood to international flavors. As the sun sets, the nearby nightlife offers an array of bars and entertainment venues to explore, ensuring there's always something to do. **OUTDOOR_RECREATION:** Residents are just a short stroll from Peace Park and Douglas MacArthur Park, where you can enjoy leisurely walks, picnics, or outdoor sports with family and friends. The proximity to the beach also allows for a quick escape to the sandy shores, perfect for sunbathing, beach volleyball, or simply taking in the ocean breeze. With so many outdoor spaces nearby, staying active and enjoying nature is an integral part of life in this neighborhood. **OVERALL_LIFESTYLE:** Living at 936 Olive Avenue offers a perfect blend of convenience, community, and coastal charm. With easy access to public transportation, parks, and a vibrant culinary scene, you'll find that everything you need is just a stone's throw away. The neighborhood's welcoming vibe and family-friendly amenities create a sense of belonging, making it an ideal place for individuals and families alike. Embrace the coastal lifestyle and discover the warmth and excitement that Long Beach has to offer.

🍽️Dining & Entertainment

** The area surrounding 936 Olive Avenue boasts a variety of dining options, from charming cafes to eclectic eateries that cater to diverse palates. Enjoy a leisurely brunch at a local café or savor the vibrant culinary scene that Long Beach is known for, featuring everything from fresh seafood to international flavors. As the sun sets, the nearby nightlife offers an array of bars and entertainment venues to explore, ensuring there's always something to do. **OUTDOOR_RECREATION:** Residents are just a short stroll from Peace Park and Douglas MacArthur Park, where you can enjoy leisurely walks, picnics, or outdoor sports with family and friends. The proximity to the beach also allows for a quick escape to the sandy shores, perfect for sunbathing, beach volleyball, or simply taking in the ocean breeze. With so many outdoor spaces nearby, staying active and enjoying nature is an integral part of life in this neighborhood. **OVERALL_LIFESTYLE:** Living at 936 Olive Avenue offers a perfect blend of convenience, community, and coastal charm. With easy access to public transportation, parks, and a vibrant culinary scene, you'll find that everything you need is just a stone's throw away. The neighborhood's welcoming vibe and family-friendly amenities create a sense of belonging, making it an ideal place for individuals and families alike. Embrace the coastal lifestyle and discover the warmth and excitement that Long Beach has to offer.

🌳Outdoor Recreation

** Residents are just a short stroll from Peace Park and Douglas MacArthur Park, where you can enjoy leisurely walks, picnics, or outdoor sports with family and friends. The proximity to the beach also allows for a quick escape to the sandy shores, perfect for sunbathing, beach volleyball, or simply taking in the ocean breeze. With so many outdoor spaces nearby, staying active and enjoying nature is an integral part of life in this neighborhood. **OVERALL_LIFESTYLE:** Living at 936 Olive Avenue offers a perfect blend of convenience, community, and coastal charm. With easy access to public transportation, parks, and a vibrant culinary scene, you'll find that everything you need is just a stone's throw away. The neighborhood's welcoming vibe and family-friendly amenities create a sense of belonging, making it an ideal place for individuals and families alike. Embrace the coastal lifestyle and discover the warmth and excitement that Long Beach has to offer.

Parks & Recreation

Transit Access

POI data updated 2/10/2026

Price History

$1,710,000

Apr 19, 2026

$85,000

-4.7%

Original List Price

$1,795,000

Long Beach Market Snapshot

865

Active Listings

$660K

Median Price

55

Avg Days on Market

Last updated: Apr 16, 2026

Listed by

Nina Le, Buckingham Investments, Inc · 818-415-9362

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

$1,710,000