770 Saint Louis Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$2,100,000 USD
562-355-8060
770 Saint Louis Ave, Long Beach, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/46
null | 6.24% Cap Rate

770 Saint Louis Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • 10 Units
  • Close Proximity to Los Alamitos Beach
  • Rose Park Neighborhood

OVERVIEW

This charming 1930s Spanish-style apartment complex in the heart of Long Beach offers a rare opportunity to own a piece of the city’s history. Featuring 10 units, a mix of single and studio apartments, the property spans 6,247 square feet of living space on a 6,261 square foot lot. Each unit retains the original architectural charm of the era, highlighted by intricate details and timeless design elements. The building has been well-maintained, with thoughtful updates made to ensure it meets modern standards of comfort while preserving its vintage allure. Investors will appreciate the recent price adjustment from $2.3 million to $2.1 million, presenting a unique value proposition for a property in this highly desirable area. Additionally, recent rent increases offer the potential to reach pro forma rents, further maximizing the return on investment. Situated in one of Long Beach's most vibrant neighborhoods, residents enjoy convenient access to local parks, shopping, dining, and the scenic Long Beach Shoreline. This property provides not just an income-generating asset but also a tangible piece of Long Beach’s rich architectural heritage. Whether you're looking to enhance your investment portfolio or acquire a unique property in a prime location, 770 St Louis Ave stands out as a smart and rewarding acquisition.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

10

PRICE/UNIT

$210,000

CAP RATE

6.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,261 SF

ZONING

LBR2N

APN/PARCEL ID

7262-023-018

ASK ABOUT THIS PROPERTY

Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

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Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.