Properties
Long Beach, CA 90804 1036 Saint Louis
$2,395,000
13 more
Presented By: Andrew McAllister with eXp Realty of Greater L.A; 925-683-9203
Baths • 1
SQFT • 6,770
Garage • 6
Home Details
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). $129,000 in capital improvements including new 400A main electrical panel (2025), partial main sewer line replacement (2025), SB 721 balcony compliance/repairs (2025), and roof repairs (2024). 6 garages, separately metered electric/gas, owner pays water/sewer/trash. Offered at a 6.23% cap / 10.46 GRM with projected 7.26% cap at market. Not subject to local rent control (AB 1482 applies).
Presented By: Andrew McAllister with eXp Realty of Greater L.A; 925-683-9203
Interior Features for 1036 Saint Louis
Other Interior Features
Air Conditioning Y/NNo
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1036 Saint Louis
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.23
CityLong Beach
Community FeaturesCurbs, Storm Drain(s), Street Lights, Sidewalks, Urban
CoolingNone
CountyLos Angeles
Directions10th Street & Saint Louis Avd
Electric Expense792
Entry LocationGround
Fuel Expense2073
Garage Spaces6
Garage Y/NYes
Gross Income229001
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense7200
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet6501
Lot Size UnitsSquare Feet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense6750
Net Operating Income149123
New ConstructionNo
Number Of Units Total9
Number of Units Leased9
Operating Expense73250
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
RoofMixed, Tar/Gravel
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameEastside (ES)
Tax Lot8
Taxes$32,131
Tenant PaysElectricity, Gas
Total Actual Rent18410
Trash Expense3176
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Sewer Expense4954
Year Built1963
Year Built SourceAssessor
Exterior for 1036 Saint Louis
Building Area Total6770
Lot Size Acres0.1492
Lot Size Area6501
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters9
Number of Separate Water Meters1
Parking FeaturesAssigned, Garage
Private PoolNo
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
