12-Unit Apartment
For Sale
Contact for pricing
1059 Gladys Avenue, Long Beach, CA 90804
All residences are one-bedroom units with on-site laundry and separately metered electricity.
Property SizeContact for details
Days on Market18
Property Features for 1059 Gladys Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Net Operating Income
$126,809
Financials
Asking Price
$2,295,000
Cap Rate
5.53%
Units
Unit Mix
12 x 1BD/1BA
Multifamily Units
12
Amenities
on-site laundry
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 463-2916
Source:
Crexi
Added: Aug 31
Changed: Sep 16
Last Checked: Sep 16 at 1:31PM
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 Stepp Commercial
Investment Insights
Based on property information with market context.
This 12-unit apartment property includes exclusively one-bedroom, one-bath residences, with two units renovated. Residents have access to on-site laundry facilities. Electricity is individually metered, while gas is master-metered and served by one water heater.
Located at 1059 Gladys Avenue in Long Beach, the property has a Walk Score of 93. Shopping, dining, and daily conveniences are within walking distance, while Downtown Long Beach, Belmont Heights, Recreation Park, Colorado Lagoon, and the beach are accessible from the surrounding area. California State University, Long Beach and Long Beach City College are each approximately three miles away.
The property also includes assumable Freddie Mac financing at a fixed 3.57% interest rate, with approximately 63% LTV and full amortization over the remaining loan term.
Located at 1059 Gladys Avenue in Long Beach, the property has a Walk Score of 93. Shopping, dining, and daily conveniences are within walking distance, while Downtown Long Beach, Belmont Heights, Recreation Park, Colorado Lagoon, and the beach are accessible from the surrounding area. California State University, Long Beach and Long Beach City College are each approximately three miles away.
The property also includes assumable Freddie Mac financing at a fixed 3.57% interest rate, with approximately 63% LTV and full amortization over the remaining loan term.
Key Highlights
- 12‑unit multifamily property with 12 one‑bedroom, one‑bath units
- Two residences have been renovated
- On‑site laundry facilities
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,138
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - All residences are one-bedroom units with on-site laundry and separately metered electricity.
Where is this apartment building located?
The property is located at 1059 Gladys Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 12‑unit multifamily property with 12 one‑bedroom, one‑bath units; Two residences have been renovated; On‑site laundry facilities
