Active
1036 Saint Louis, Long Beach, California 90804
1036 Saint Louis, Long Beach, CA 90804
Description
$25, 000 Price Reduction! 9-unit apartment complex in Eastside Long Beach with an exceptional large-unit mix: (1) 3BD/2BA, (6) 2BD/1BA, (2) 1BD/1BA. Strong in-place income with upside through continued unit renovations (3 of 9 units already remodeled). $129, 000 in capital improvements including new 400A main electrical panel (2025), partial main sewer line replacement (2025), SB 721 balcony compliance/repairs (2025), and roof repairs (2024). 6 garages, separately metered electric/gas, owner pays water/sewer/trash. Offered at a 6.32% cap / 10.34 GRM with projected 7.51% cap at market. Not subject to local rent control (AB 1482 applies).
Address
Open on Google Maps- Address 1036 Saint Louis
- City Long Beach
- State/county CA
- Zip/Postal Code 90804
- Area Eastside (ES)
- Country US
Details
Updated on May 14, 2026 at 2:18 pm- Property ID: RS26052383
- Price: $2,370,000
- Property Size: 6770 Sqft
- Land Area: 0.1492 Acres
- Garages: 6.0
- Year Built: 1963
- Property Type: Mixed Use, Residential Income
- Property Status: Active
Additional details
- Listing Terms: Cash, Cash to New Loan, Conventional
- Roof: Mixed, Tar/Gravel
- Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Sewer: Public Sewer
- Cooling: None
- Heating: Wall Furnace
- County: Los Angeles
- Property Type: Residential Income
- Pool: None
- Parking: Assigned, Garage
- Community Features: Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban
