Property Detail

1036 Saint Louis

Long Beach CA 90804

$2,395,000

Status: Active

Property Details

Description

9-unit apartment complex in Eastside Long Beach with an exceptional large-unit mix: (1) 3BD/2BA, (6) 2BD/1BA, (2) 1BD/1BA. Strong in-place income with upside through continued unit renovations (3 of 9 units already remodeled). $129,000 in capital improvements including new 400A main electrical panel (2025), partial main sewer line replacement (2025), SB 721 balcony compliance/repairs (2025), and roof repairs (2024). 6 garages, separately metered electric/gas, owner pays water/sewer/trash. Offered at a 6.23% cap / 10.46 GRM with projected 7.26% cap at market. Not subject to local rent control (AB 1482 applies).

Map Location

Listing provided courtesy of Andrew McAllister of eXp Realty of Greater L.A. Last updated 2026-04-05 08:11:24.000000. Listing information © 2025 CRMLS.

The Lineup

The Lineup

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