$2,395,000

1036 Saint Louis, Long Beach, CA 90804

6,770 sqft

other
Built in 1963
6,534sqft lot
—— car garage
$354/sqft
Listed 22 days ago

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).

Listing Status:: Active
Date Added:: March 10, 2026
Data Last Updated:: April 1, 2026 at 11:09PM
Listing Office:: eXp Realty of Greater L.A : 888-584-9427
Listing Agent:: Andrew McAllister : 562-528-8105
MLS ID:: CRRS26052383

Laundry: Other
A/C: None
Heating: Wall Furnace

Parking: AssignedOther

HOA Amenities: 0.0
Originating MLS: CRMLS
County: Los Angeles

Zoning: 7262007010

Source: CRMLS

This listing courtesy of Andrew McAllister , eXp Realty of Greater L.A

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Burbank Elementary School

501 Junipero Ave, Long Beach, CA, 90814

Grades KG-5

0.48 miles away

Franklin Classical Middle School

540 Cerritos Ave, Long Beach, CA, 90802

Grades 6-8

0.78 miles away

Polytechnic High School

1600 Atlantic Ave, Long Beach, CA, 90813

Grades 9-12

1.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.