$2,395,000
1036 Saint Louis
Long Beach, CA, 90804
Property 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).
Property Details
Price:
$2,395,000
MLS #:
RS26052383
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Subdivision:
Eastside ES
Neighborhood:
3eastsidecirclearea
Listed Date:
Mar 10, 2026
Total Sq Ft:
6,770
Lot Size:
6,501 sqft / 0.15 acres (approx)
Year Built:
1963
Schools
Interior
Cooling
NO
Heating
WL
Laundry Features
AR
Exterior
Common Walls
NCW
Community Features
SDW, STM, SL, URB, CRB
Garage Spaces
6
Parking Spots
6
Parking Total
6
Roof
TARGRV, MIX
Financial
Maintenance Fee
$6,750
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Courtesy of eXp Realty of Greater L.A. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1036 Saint Louis
Long Beach, CA
