$2,345,000
About this home
$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.
Facts & features
- Fireplace
- None
- Heating
- Wall Furnace
- Cooling
- None
- Laundry
- Common Area
- Lot size
- 0.149 acres (6,501 sq ft)
- Pool
- None
- Year built
- 1963
- Parking
- Assigned, Garage
- Parking spaces
- 6
- Area
- 3 - Eastside, Circle Area
- County
- Los Angeles
- Community features
- Curbs, Storm Drains, Street Lights, Sidewalks, Urban
- Status
- Active
- Property type
- Mixed Use
- Days on market
- 99
- Listed
- 2026-03-04
- Original price
- $2,395,000
- Terms
- Cash, Cash To New Loan, Conventional
- Parcel #
- 7262007010
- MLS #
- RS26052383
