Long Beach Multifamily Investment
For Sale
$2,345,000
1036 Saint Louis, Long Beach, CA 90804
9-unit apartment complex with strong income and upside potential.
Days on Market101
Property Features for 1036 Saint Louis
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1963
Listing Agency:
(562) 528-8105
Listed By:
Andrew McAllister
(562) 528-8105
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 2 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrew McAllister
Investment Insights
Based on property information with market context.
This 9-unit apartment complex is located in Eastside Long Beach. The unit mix includes one 3-bedroom/2-bathroom unit, six 2-bedroom/1-bathroom units, and two 1-bedroom/1-bathroom units. The property has a strong in-place income with potential for increased income through continued unit renovations; three of the nine units have already been remodeled. Capital improvements totaling $129,000 have been made, including a new 400A main electrical panel (2025), partial main sewer line replacement (2025), SB 721 balcony compliance/repairs (2025), and roof repairs (2024). The property features 6 garages and is separately metered for electric and gas. The owner is responsible for water, sewer, and trash expenses. The property is offered at a 6.23% cap rate and a 10.46 GRM, with a projected 7.26% cap rate at market. It is not subject to local rent control, but AB 1482 applies. The bike score is 59, indicating it is bikeable. The walk score is 87, classifying it as very walkable, and the transit score is 50, indicating good transit options.
Key Highlights
- Strong in‑place income with upside through continued unit renovations.
- Desirable large‑unit mix: (1) 3BD/2BA, (6) 2BD/1BA, (2) 1BD/1BA.
- Offered at a 6.23% cap / 10.46 GRM with projected 7.26% cap at market.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 9-unit apartment complex with strong income and upside potential.
Where is this apartment building located?
The property is located at 1036 Saint Louis Long Beach, CA.
What is the asking price?
The asking price for this property is $2,345,000.
What are key features of this property?
This property features: Strong in‑place income with upside through continued unit renovations.; Desirable large‑unit mix: (1) 3BD/2BA, (6) 2BD/1BA, (2) 1BD/1BA.; Offered at a 6.23% cap / 10.46 GRM with projected 7.26% cap at market.
