1036 Saint Louis, Long Beach, CA 90804
1036 Saint Louis, Long Beach, CA 90804
1036 Saint Louis, Long Beach, CA 90804
1036 Saint Louis, Long Beach, CA 90804
1036 Saint Louis, Long Beach, CA 90804
1036 Saint Louis, Long Beach, CA 90804
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Peter Lorimer

Peter Lorimer

+1(310) 666-7383
$ 2,345,000
Est. payment | /mo

6,499 Sqft Lot

Save
$ 2,345,000
Est. payment | /mo
Save

6,499 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID RS26052383

HOA Y/N No

Year Built 1963

Lot Size 6,499 Sqft

Property Sub-Type Mixed Use

Property Description

$50,000 price reduction - now offered at a 6.40% current cap rate. 1036 Saint Louis Ave is a 9-unit Eastside Long Beach apartment property featuring an attractive large-unit mix of (1) 3BD/2BA, (6) 2BD/1BA, and (2) 1BD/1BA units. The asset offers strong in-place income with approximately 13% remaining rental upside and a projected 7.60% pro forma cap rate through continued interior renovations and garage income optimization. The property has benefited from approximately $129,000 in recent capital improvements, including a new 400A main electrical panel, partial main sewer line replacement, SB 721 balcony compliance/repairs, roof repairs, and three completed unit renovations. Additional features include 6 on-site garages, separately metered electric/gas, and landlord-paid water/sewer/trash. No local rent control; statewide AB 1482 applies.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Mixed,Tar/Gravel

Total Parking Spaces 6

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7262007010

Energy Description 2073.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Andrew McAllister eXp Realty of Greater L.A 925-683-9203, DRE #01946829
Nearby Locations
Peter Lorimer

Making real estate fast, fun, and stress-free!

+1(310) 666-7383

peter@plgestatesinc.com

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1036 Saint Louis