$10,000 Closing Credit¹
#OC25040680, Tyler Leeson, Listing office: Marcus & Millichap RE Invest
#SB25126631·
Listing office: Buckingham Investments, Inc·
Listing agent: Nina Le·
Listing office phone: 818-415-9362
$1,850,000 List price
936 Olive Ave Long Beach, CA 90813
$10,000
Closing credit¹
0.1 acres
Condo
Property details
About 936 Olive Ave
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)
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
CoolingWhole House Fan
Lot size0.1444 Acres
Year built1922
MLS #SB25126631
Summary
- Flooring Type: Vinyl
- Fireplace: None
- Private Pool: No
- Parking: None
- Heating: Wall Furnace
- Cooling: Whole House Fan
- List Price: $1,850,000
- HOA Amount: $0
- Annual Tax Amount: $22,582
- Tax Year: 2024
- Directions: near 10th St. and Martin Luther King Ave.
- Year Built: 1922
- Stories: 2
- Lot Size: 0.1444 Acres
- MLS Number: SB25126631
- MLS Name: CRMLS
- Office Name: Buckingham Investments, Inc
- Office Phone: (818) 415-9362
- Listing Agent: Nina Le
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:45:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,850,000
936 Olive Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 23, 2018 | Home Sold | $1,500,000 |
| Aug 28, 2014 | Home Sold | $697,000 |
| Feb 25, 2010 | Home Sold | $690,000 |
| Apr 10, 2008 | Home Sold | $1,000,000 |
| Apr 01, 2005 | Home Sold | $700,000 |
| Mar 25, 2004 | Home Sold | $685,000 |
| May 22, 2003 | Home Sold | $525,000 |
| Jul 17, 2002 | Home Sold | $365,000 |
| Apr 28, 1988 | Home Sold | $175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,673,794 | $22,582 |
| 2023 | $1,640,986 | $22,188 |
| 2022 | $1,608,821 | $20,840 |
| 2021 | $1,577,287 | $20,399 |
| 2020 | $1,560,600 | $20,106 |
| 2019 | $1,530,000 | $11,273 |
| 2018 | $813,322 | $11,152 |
| 2017 | $797,376 | $11,152 |
History based on county public records data.
Nearby schools
6
Lincoln Elementary School
Public District KG-5
0.3 mi
•1175 E 11th St
5
Robert Louis Stevenson Elementary School
Public District KG-5
0.4 mi
•515 Lime Ave
5
Oropeza Elementary School
Public District KG-5
0.5 mi
•700 Locust Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,404. The most common annual income of people living in Long Beach, CA is less than $<35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
74%
<35k
23%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
38%
Single, No Kids
29%
Single, with Kids
9%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
13%
12-17 yrs old
34%
18-34 yrs old
30%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 936 Olive Ave
The listing price of 936 Olive Ave property is $1,850,000.
The property 936 Olive Ave is a condo located in Long Beach, California, 90813.
Active Listing: 936 Olive Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 936 Olive Ave are: Lincoln Elementary School (GreatSchools Rating 6/10), Robert Louis Stevenson Elementary School (GreatSchools Rating 5/10), Oropeza Elementary School (GreatSchools Rating 5/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Washington Middle School (GreatSchools Rating 3/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Clear Passage Educational Center (GreatSchools Rating 1/10), Renaissance High School for the Arts (GreatSchools Rating 5/10), Polytechnic High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $22,582 (source: MLS/based on county public records data).
The last sale was on January 23, 2018 for $1,500,000 (source: MLS/tax record).
The property at 936 Olive Ave has 0 bathroom.
The year of construction for 936 Olive Ave is 1922.
This home is located at 936 Olive Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $1,850,000.
Over 67 listings were sold over their listed price in May 2025 in Long Beach, CA. In the same period over 61 listings were sold below the listed price and 34 listings were sold for the listed price. In May 2025 in Long Beach, CA there were 2.4% more homes for sale than in April. While the average time on the market in May 2025 was 27 days, the median list price was $830,000.
From Rocket Homes Real Estate and based on county public records data.