Commercial > Multi-family / Apartments
Active
06/12/2025
List Price
$1,850,000$325/ft²
936 Olive Ave
Long Beach, CA 90813
- 4Beds
- 10Baths
- 5,699ft²Living Area
- 6,289ft²Lot Size
- -Pool
- -Car
- 1922Year Built
- 41DOM
- 19Permits
936 Olive Ave, Long Beach, CA 90813 is a 4 bed, 10 bath, 5,699 ft² multi-family/apartments property built in 1922 on a 0.144 acre lot with 19 construction permits. This multi-family/apartments is currently on the market for $1,850,000, and it was last sold in 2018 for $1,500,015.
MLS Description
The listing agent's description. Original Listing
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 $185K per unit, it is currently operating at a 9.47 Gross Rent Multiplier (GRM) and a 6.2% cap rate based on current rents. At market rent levels, the GRM improves to 8.90, and the cap rate increases to 6.8%.
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 electrical panel—were completed in 2024.
The building is master-metered with a RUBS (Ratio Utility Billing System) in place, currently recapturing 60% 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)
Listing Agents
The listing agent for 936 Olive Ave is Nina Le.
NL
Nina Le
Buckingham Investments, Inc
License: 02126566
Phone: (562) 208-4890
Permits
936 Olive Ave has 19 permit records.
Permit History
19
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$22,582.64From latest Total Assessed Value1.35%Total Assessed Value$1,673,794=Land+
Assessed Value$1,171,293Additions
Assessed Value$502,501
In 2024, taxes billed for 936 Olive Ave were $22,582.64, which is 1.35% from latest Total Assessed Value of $1,673,794.
Property History
936 Olive Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 936 Olive Ave
Hazard Risks
Earthquake452Carb Mono128Lead112Ozone109Particulates109Air Pollution106Nat'l Avg100Tornado77Weather32Hurricane9Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 936 Olive Ave.
Walkability Index
14 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
936 Olive Ave has a walkability score of 14 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
47°F
High
66°F
Summer
Average
Low
61°F
High
78°F
In the winter at 936 Olive Ave, temperatures range from 46.51°F to 66.14°F with an average of 56.33°F. In the summer, the temperature ranges from 61.16°F to 78.12°F with and average of 69.64°F.
School Information
Public/private schools serving 936 Olive Ave
Public Schools
Franklin Classical Middle School
Grades: 6-8
0.41 mi
B-
Polytechnic High School
Grades: 9-12
0.60 mi
C+
Oropeza Elementary School
Grades: KG-5
0.51 mi
C
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 936 Olive Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in 936 Olive Avenue, Long Beach, CA 90813.
Seasonal Housing units 90813
3%of housing is for seasonal rent.
Daytime Population for 90813
-13%of people during work hours.
Crime Index for 90813
145
145
The crime index in 90813 is 145, which is 1.4 times higher than national average.
Market Trends
Historical market data near 936 Olive Ave over selected time period.
Nearby Properties on Olive Ave
- 325 Olive Ave #Apt 15, Long Beach, CA 90802 (The Palms On North Olive Street) is a 949 square foot, 2 bedroom, 1 bathroom, 0.34 acre property. It was built in 1960 and has an estimate of $547,324 with a price per ft² of $577.
- 325 Olive Ave #Apt 4, Long Beach, CA 90802 (The Palms On North Olive Street) is a 739 square foot, 1 bedroom, 1 bathroom, 0.34 acre property. It was built in 1960 and has an estimate of $394,195 with a price per ft² of $533.
- 325 Olive Ave #Apt 17, Long Beach, CA 90802 (The Palms On North Olive Street) is a 768 square foot, 1 bedroom, 1 bathroom, 0.34 acre property. It was built in 1960 and has an estimate of $384,226 with a price per ft² of $500.
- 325 Olive Ave #Apt 12a, Long Beach, CA 90802 (The Palms On North Olive Street) is a 739 square foot, 1 bedroom, 1 bathroom, 0.34 acre property. It was built in 1960 and has an estimate of $394,529 with a price per ft² of $534.
- 4429 Olive Ave, Long Beach, CA 90807 (Bixby Knolls) is a 2,039 square foot, 3 bedroom, 2 bathroom, 0.17 acre property. It was built in 1960 and has an estimate of $1,215,365 with a price per ft² of $638.
- 841 Olive Ave, Long Beach, CA 90813 (Saint Mary's) is a 3,988 square foot, 6 bedroom, 6 bathroom, 0.17 acre property. It was built in 1923 and has an estimate of $1,815,622 with a price per ft² of $455.
- 2165 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,724 square foot, 4 bedroom, 2 bathroom, 0.12 acre property. It was built in 1923 and has an estimate of $808,901 with a price per ft² of $469.
- 2121 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,640 square foot, 4 bedroom, 2 bathroom, 0.12 acre property. It was built in 1921 and has an estimate of $841,380 with a price per ft² of $513.
- 2134 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,606 square foot, 4 bedroom, 2 bathroom, 0.12 acre property. It was built in 1922 and has an estimate of $844,768 with a price per ft² of $526.
- 7020 Olive Ave, Long Beach, CA 90805 (Hamilton) is a 1,330 square foot, 2 bedroom, 2 bathroom, 0.13 acre property. It was built in 1946 and has an estimate of $686,467 with a price per ft² of $516.
- 7030 Olive Ave, Long Beach, CA 90805 (Hamilton) is a 1,373 square foot, 2 bedroom, 2 bathroom, 0.13 acre property. It was built in 1949 and has an estimate of $657,054 with a price per ft² of $479.
- 547 Olive Ave, Long Beach, CA 90802 (East Village) is a 896 square foot, 1 bedroom, 1 bathroom, 0.03 acre property. It was built in 1912 and has an estimate of $434,458 with a price per ft² of $485.
- 5803 Olive Ave, Long Beach, CA 90805 (Houghton Manor (Jordan)) is a 1,675 square foot, 2 bedroom, 1 bathroom, 0.12 acre property.
- 801 Olive Ave, Long Beach, CA 90813 (Saint Mary's) is a 3,462 square foot, 6 bedroom, 4 bathroom, 0.16 acre property.
- 637 Olive Ave, Long Beach, CA 90802 (East Village) is a 3,310 square foot, 6 bedroom, 6 bathroom, 0.17 acre property. It was built in 1947 and has an estimate of $1,384,692 with a price per ft² of $418.
- 7110 Olive Ave, Long Beach, CA 90805 (Hamilton) is a 1,451 square foot, 3 bedroom, 2 bathroom, 0.13 acre property. It was built in 1943 and has an estimate of $652,002 with a price per ft² of $720.
- 2310 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,712 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1920 and has an estimate of $883,228 with a price per ft² of $516.
- 2305 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,552 square foot, 4 bedroom, 3 bathroom, 0.15 acre property. It was built in 1926 and has an estimate of $868,922 with a price per ft² of $560.
- 2319 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,588 square foot, 2 bedroom, 2 bathroom, 0.15 acre property. It was built in 1922 and has an estimate of $745,394 with a price per ft² of $469.
- 2330 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 2,130 square foot, 5 bedroom, 3 bathroom, 0.15 acre property. It was built in 1955 and has an estimate of $947,665 with a price per ft² of $445.
- 2270 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,250 square foot, 3 bedroom, 2 bathroom, 0.12 acre property. It was built in 1922 and has an estimate of $665,751 with a price per ft² of $533.
- 2267 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 1,992 square foot, 4 bedroom, 3 bathroom, 0.12 acre property. It was built in 1962 and has an estimate of $915,013 with a price per ft² of $459.
- 1918 Olive Ave, Long Beach, CA 90806 (Renaissance Square) is a 2,154 square foot, 4 bedroom, 3 bathroom, 0.15 acre property. It was built in 1919 and has an estimate of $843,183 with a price per ft² of $391.
- 3619 Olive Ave, Long Beach, CA 90807 (California Heights) is a 1,693 square foot, 2 bedroom, 2 bathroom, 0.16 acre property. It was built in 1939 and has an estimate of $1,100,582 with a price per ft² of $650.
- 3655 Olive Ave, Long Beach, CA 90807 (California Heights) is a 2,872 square foot, 5 bedroom, 3 bathroom, 0.21 acre property. It was built in 1956 and has an estimate of $1,584,817 with a price per ft² of $552.
- View more properties on Olive Ave