936 Olive Avenue

Long Beach, CA 90813
$2,080,000
10-Unit Property in the Densely Populated North East Village Neighborhood This 10-unit property is located in the highly desirable North East Village neighborhood. Priced at $208K per unit, it is fully stabilized, operating with a 10.60 gross rent multiplier (GRM) and a 6% capitalization rate based on current rentalRead MoreRead Less
Property listed by Buckingham Investments, Inc, Nina Le 818-415-9362
Listing Snapshot
Days Online
67
Last Updated
Property Type
Apartment
Lot Size
0.14 Acres
Year Built
1922
MLS Number
SB24215096
30 Days Snapshot Of 90813
$540k
-10%
(avg) sold price
1
-85%
home sold
54
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1922, Building area total: 5,699, Levels: Two, 2 stories, 10 buildings, Common walls: NoCommonWalls
Community
Sidewalks
Cooling
WholeHouseFan
Expenses
Electric expense: $17,700, Insurance expense: $7,788, Operating expense: $62,620
Fireplaces
None
Floors
Vinyl
Heating
WallFurnace
Income
Net operating income: $124,257
Laundry
CommonArea
Lot
0.1444 acres, 6,289 square feet, Size: 6,289, SixToTenUnitsAcre
Parking
None
Pool
None
Property
Zoning: LBR4R, None
Sewer
PublicSewer
Spa
None
Tenant Pays
Electricity, Gas
Utilities
ElectricityAvailable, NaturalGasAvailable
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Holden Groff
Associate Agent
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.