1036 Saint Louis Long Beach, CA 90804

Building Details

Year Built

1963

Listing Agency d***@nrecommercial.com Show Phone

Listed by Andrew McAllister Show Phone

Source Elliman

Added: Apr 24 Checked: Jul 19 at 6:41 am

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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

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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

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FAQs

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.