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1036 Saint Louis Ave, Long Beach, CA, 90804

17beds
10baths
6,770sqft
$2,370,000
$350price/sqft
$15,065/moest. monthly cost
$602,600/yrincome needed

About This Home

$25,000 Price Reduction! 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 6.32% cap / 10.34 GRM with projected 7.51% cap at market. Not subject to local rent control (AB 1482 applies).

Getting Around

89
WalkingVery Walkable
50
TransitGood Transit
59
BikeBikeable

Schools

3/10
Willard Elementary SchoolGrades K-50.6 mi
7/10
Jefferson Leadership Academies SchoolGrades 6-81.0 mi
6/10
Wilson High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1963

Materials

  • Roof: Mixed,Tar/Gravel

Type & Style

  • Home type: MultiFamily
  • Property subType: Mixed Use

Interior

Appliances

  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 17
  • Bathrooms: 10

Features

  • Fireplace features: None
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: None

Interior Area

  • Total structure area: 6,770
  • Total interior livable area: 6,770 sqft

Property

Details

  • Parcel number: 7262007010
  • Special condition: Standard

Features

  • Entry location: Ground
  • Pool features: None

Lot

  • Lot size: 6,501 sqft

Parking

  • Total spaces: 6
  • Parking features: Assigned,Garage
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6