Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Long Beach Quadruplex Investment Opportunity Title is generated by Realmo AI

    1208 N Saint Marys Court, Long Beach, CA 90813

    View on Map
    Claim this Listing
    For Sale
    $799,000

    Mediterranean, Quadruplex - Long Beach, CA

    Type:Quadruplex
    Property size:
    2,144 SF
    Lot size:
    3,242.00 Acres
    Price / SF:
    $372/SF
    Added:
    May 3, 2026
    Days on Market:
    33
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 1208 N Saint Marys Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen
    Interior features
    None
    Exterior features
    Fence, Community Features Included: Sidewalks, Corner Lot
    Fencing
    Fenced
    Appliances
    Range, Range - Gas
    Standard status
    Active
    APN
    7274001033
    Size
    2,144 SF
    Lot size
    3,242.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1923
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Frame, Stucco
    Roof type
    Flat
    Architectural style
    Mediterranean

    We can help!

    Listing Contact
    Erik Kaiser
    Erik Kaiser

    Listing agent Erik Kaiser License #01111620

    Listing office RE/MAX TerraSol 21230 Beach Blvd, Huntington Beach, CA

    Listing date May 3, 2026

    MLS# OC26095441 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Value‑add opportunity in highly desirable Downtown Long Beach location.
    • Strong in‑place income with significant upside potential through renovation and rental repositioning.
    • Attractive investment metrics: $58,500 annual gross income, 6.24% cap rate.
    • Proximity to major employment centers, coastal amenities, and a vibrant urban lifestyle.
    • Excellent public transportation access via Metro A Line and Long Beach Transit.
    • Mediterranean architectural style on a corner lot with fenced perimeter.

    Overview

    This four-unit investment property is located in Downtown Long Beach. The property generates approximately $58,500 in annual gross income. The location benefits from tenant demand due to its proximity to employment centers, coastal amenities, and urban lifestyle options. Nearby attractions include waterfront access, a marina, Shoreline Village, and The Pike Outlets, along with dining and arts venues. Public transportation is readily accessible, with the Metro A Line providing connectivity to Downtown Los Angeles and surrounding areas. Long Beach Transit bus routes offer local and regional access. The property is suited for investors pursuing a value-add strategy, long-term hold, or future refinance scenario. Strategic improvements can increase rents toward market levels and enhance overall returns.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $73.3k $34.20
    − Vacancy −$2.9k −$1.36
    EGI $70.4k $32.84
    − OpEx −$21.1k −$9.85
    NOI $49.3k $22.98
    2,144 SF · lease $34.20/SF/yr · vacancy 3.99% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $704.0K
    $616.0K – $821.3K (±1% cap)
    NOI $49,279 @ 7.0% cap · market cap 6.17%
    Second Best
    Apartment 5plus
    $648.8K
    $567.7K – $756.9K (±1% cap)
    NOI $45,413 @ 7.0% cap · market cap 5.68%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.185863
    Latitude
    33.781804

    Nearby Similar for Sale

    • $899,000
      2,557 SF

      Long Beach Multi-Unit Commercial Property

      Thriving commercial property with versatile spaces and strong investment potential.
      702 CEDAR Ave, LONG BEACH, CA 90813
      View Details
    • $899,000
      3,960 SF

      Long Beach Commercial Owner-User Opportunity

      Versatile light-industrial property in a desirable Long Beach location.
      2109 W Gaylord Street, Long Beach, CA 90813
      View Details
    • $1,895,000
      10,000 SF

      Two-Story Storefront Building in Long Beach

      Large commercial building near Pine Avenue and East Village Arts District.
      129 W 5th Street, Long Beach, CA 90802
      View Details
    • $1,400,000
      5,050 SF

      Long Beach Commercial Asset For Sale

      Commercial property in Long Beach with high traffic and redevelopment potential.
      1810 E Anaheim, Long Beach, CA 90813
      View Details
    • $1,850,000
      6,494 SF

      Long Beach Eight-Unit Apartment Building

      Eight-unit apartment building in Long Beach with income potential.
      833 Cedar, Long Beach, CA 90813
      View Details
    • $5,400,000
      12,270 SF

      Multifamily Apartment Building with Underground Parking

      16-unit multifamily property with all 2-bed/1-bath units, on-site laundry, and secured underground parking.
      1060 Olive, Long Beach, CA 90813
      View Details
    • $1,395,000
      2,700 SF

      Five-Unit Apartment Building

      Five-unit mix with multiple bedroom layouts and four garages plus driveway parking supports flexible tenant demand.
      1403 Lemon Avenue, Long Beach, CA 90813
      View Details
    • $1,750,000
      2,548 SF

      Modern Duplex with ADU Opportunity

      Remodeled main home plus newly built ADU provide flexible living and income on a premium corner lot.
      4705 Whitewood, Long Beach, CA 90808
      View Details
    • $2,249,000
      2,886 SF

      Mid-Century Duplex Near the Beach

      Beachside duplex with two residences, balconies, and rooftop access, offering flexible living and parking convenience.
      64 59th Place, Long Beach, CA 90803
      View Details
    • $2,000,000
      3,613 SF

      Updated Spanish-Style Quadplex in Rose Park

      Turnkey Long Beach quadplex with strong income potential.
      813 Coronado Ave, Long Beach, CA 90804
      View Details
    • $5,000,000
      7,226 SF

      Long Beach Car Wash Opportunity

      Entitled car wash with development potential near Metro Blue Line.
      1801 Long Beach, Long Beach, CA 90806
      View Details
    • $895,000
      2,304 SF

      Spacious Duplex in Dynamic Long Beach

      Large duplex with updated interiors, impressive rental potential.
      643 Elm Avenue, Long Beach, CA 90802
      View Details

    FAQs

    What type of property is this?
    Quadplex - Value-add four-unit property in Downtown Long Beach with income potential.
    Where is this quadplex located?
    The property is located at 1208 N Saint Marys Court Long Beach, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Value‑add opportunity in highly desirable Downtown Long Beach location.; Strong in‑place income with significant upside potential through renovation and rental repositioning.; Attractive investment metrics: $58,500 annual gross income, 6.24% cap rate.
    (949) 244-8394
    We can help!
    Listing Contact
    Erik Kaiser
    Erik Kaiser
    Real Estate License ID: 01111620
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1208 N Saint Marys Court, Long Beach, CA 90813
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!