1208 N Saint Marys Court, Long Beach, CA 90813

• 2,144 sqft

Property Description

Excellent opportunity to acquire a value-add four-unit investment property in the highly desirable Downtown Long Beach submarket. This multi-unit asset offers strong in-place income with significant upside potential through renovation and rental repositioning. The property is currently generating approximately $58,500 in annual gross income, reflecting a current Gross Rent Multiplier (GRM) of 13.68 at the current list price and a cap rate of approximately 6.24%. These metrics position the asset as an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation. With strategic improvements, investors have the ability to reposition the asset, increase rents toward market levels, and further enhance overall returns. The property is ideal for investors pursuing a value-add strategy, long-term hold, or future refinance scenario. Located in the heart of Downtown Long Beach, the property benefits from strong tenant demand driven by proximity to major employment centers, coastal amenities, and a vibrant urban lifestyle. The area is known for its waterfront access, marina, Shoreline Village, The Pike Outlets, and a thriving dining and arts scene, making it a highly desirable location for renters. The property is also well-positioned for public transportation access, with the Metro A Line providing direct connectivity from Downtown Long Beach to Downtown Los Angeles and surrounding areas. Nearby transit hubs and multiple Long Beach Transit bus routes offer convenient local and regional access, enhancing tenant appeal and long-term rental demand. This is a rare opportunity to acquire a centrally located multi-unit property in one of Southern California’s most dynamic coastal markets, offering immediate income with strong upside potential through rental growth and property improvements. Buyer and buyers agent to conduct their own analysis.

Listing Status:

Active

Date Added:

May 3, 2026

Data Last Updated:

May 20, 2026 at 1:16PM

Listing Office:

RE/MAX TerraSol : 714-536-6529

Listing Agent:

Erik Kaiser : 949-244-8394

MLS ID:

OC26095441

Interior

• Appliances: Gas RangeGas Water HeaterWater Heater
• Laundry: Outside
• Flooring: Laminate
• A/C: None
• Heating: Wall Furnace
• Fireplace: None
• Disability Feature: None

Exterior

• General: None
• Style: Mediterranean
• Pool: None
• Parking: ConcreteParking spaces: 0

Construction

• Roofing: Flat
• General: FrameStucco2

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 7274001033
• View: None

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedStandard
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM