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12-Unit Multifamily Property
New
For Sale
$2,295,000

1059 Gladys, Long Beach, CA 90804

Long Beach, CA

Property SizeContact for details
Lot Size0.15 Acres
Days on Market3

Property Features for 1059 Gladys

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Laundry Room, Bathroom 1, Bedroom 1
Subdivision Eastside (ES)
Lot features 11-15 Units/ Acre
Directions Off Redondo Ave
Standard status Active
APN 7258001019
Lot size 0.15 Acres

Utilities

Sewer type Public Sewer
Water source Public

Amenities

on-site laundry

Building Details

Year built 1923
Floors in Building 2
Number of units 12
Listing Agency: Keller Williams Realty Downey
Listed By: Robert Stepp · License #01456379
Added: Sep 14 Last Checked: Sep 16 at 4:06AM
MLS# PW26200874

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.

Investment Insights

Based on property information with market context.

Located at 1059 Gladys Avenue in Long Beach, this 12-unit apartment property was built in 1923 and contains an all one-bedroom, one-bathroom unit mix. Two residences have been renovated, and on-site laundry serves the property. Electricity is individually metered, while gas is master-metered and supported by one water heater. Public water and public sewer serve the building.

The property is positioned in Eastside Long Beach, with a Walk Score of 93. Shopping, dining, and daily services 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 both approximately three miles away.

Key Highlights

  • 12‑unit apartment property built in 1923
  • All units are configured as 1BD/1BA; two have been renovated
  • On‑site laundry facilities

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Travel Agency HVAC Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

2,138
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Established apartment property with one-bedroom units, shared laundry, and separate electric metering in Eastside Long Beach.
Where is this apartment building located?
The property is located at 1059 Gladys 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 apartment property built in 1923; All units are configured as 1BD/1BA; two have been renovated; On‑site laundry facilities
More about this property
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