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Long Beach Multifamily Investment Opportunity

1050 E Hellman St, Long Beach, CA 90813

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For Sale

$1,497,000

Turnkey 6-unit property in a sought-after Long Beach rental market.

Type:Investment

Property size:

3,542 SF

Lot size:

0.10 Acres

Price / SF:

$422/SF

HighLights

Turnkey 6‑unit multi‑family investment property in a sought‑after Long Beach rental market.
Significant recent upgrades including electrical, sewer lines, roof, and foundation.
Low‑maintenance asset with garages.
Desirable location with excellent bike score (92) and walk score (90).
Upgraded unit interiors featuring Cesar stone counters, luxury vinyl floors, and stainless steel stoves.
Two buildings on a 4,240 SF lot totaling approximately 3,542 SF of living space.

We can help!

Listing Contact

Natasha Schultheis

Learn more

For Sale

$1,497,000

Turnkey 6-unit property in a sought-after Long Beach rental market.

Type:Investment

Property size:

3,542 SF

Lot size:

0.10 Acres

Price / SF:

$422/SF

Added:: Apr 24, 2026
Days on Market:: 54
Last Refresh:: Apr 24 at 4:05 pm

Property Features for 1050 E Hellman St

General Information

Standard status: Active
Size: 3,542 SF
Lot size: 0.10 Acres
Property subtype: Investment

Building Details

Year Built: 1924

We can help!

Listing Contact

Natasha Schultheis

Listing agent Natasha Schultheis

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Natasha Schultheis

HighLights

Turnkey 6‑unit multi‑family investment property in a sought‑after Long Beach rental market.
Significant recent upgrades including electrical, sewer lines, roof, and foundation.
Low‑maintenance asset with garages.
Desirable location with excellent bike score (92) and walk score (90).
Upgraded unit interiors featuring Cesar stone counters, luxury vinyl floors, and stainless steel stoves.
Two buildings on a 4,240 SF lot totaling approximately 3,542 SF of living space.

Overview

This well-maintained and upgraded 6-unit property presents a turnkey multi-family investment opportunity. Situated in a sought-after Long Beach rental market, the property features two buildings on a single lot, totaling approximately 3,542 square feet of living space on a 4,240 square foot lot. The front building contains four one-bedroom, one-bath units, while the rear building houses two one-bedroom, one-bath units above four single-car garages. Significant improvements have been made, including upgraded electrical systems and panels, new ABS sewer lines, remote-controlled garage doors, a new roof on the rear building, foundation fortification, a new 75-gallon water heater, and refreshed interiors with stainless steel stoves. The units feature Cesar stone kitchen counters, luxury vinyl floors, wall heaters, and portable A/C units. This property is suitable for investors seeking an easy-to-manage asset with garages and minimal grounds work. The property benefits from a bike score of 92, indicating it is a biker's paradise, a walk score of 90, indicating it is very walkable, and a transit score of 51, indicating good transit options.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$142.4k	$40.20
− Vacancy	−$6.0k	−$1.69
EGI	$136.4k	$38.51
− OpEx	−$61.4k	−$17.33
NOI	$75.0k	$21.18

3,542 SF · lease $40.20/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.07M

$937.8K – $1.25M (±1% cap)

NOI $75,024 @ 7.0% cap · market cap 5.01%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,412 @ 7.0% cap · market cap 5.44%

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.1783926
Latitude: 33.776788

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For sale
Apartment buildings
CA
Long Beach
90813
1050 E Hellman St

What type of property is this?

Apartment building - Turnkey 6-unit property in a sought-after Long Beach rental market.

Where is this apartment building located?

The property is located at 1050 E Hellman St Long Beach, CA.

What is the asking price?

The asking price for this property is $1,497,000.

What are key features of this property?

This property features: Turnkey 6‑unit multi‑family investment property in a sought‑after Long Beach rental market.; Significant recent upgrades including electrical, sewer lines, roof, and foundation.; Low‑maintenance asset with garages.