1036 Saint Louis, Long Beach, CA 90804
Local realty services provided by:ERA Excel Realty
1036 Saint Louis,Long Beach, CA 90804
$2,345,000
- - Beds
- - Baths
- 6,770 sq. ft.
- Multi-family
- Active
Listed by: andrew mcallister
Office: exp realty of greater l.a888-652-1314
MLS#:RS26052383
Source:CRMLS
Price summary
- Price:$2,345,000
- Price per sq. ft.:$346.38
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.
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Home facts
- Year built:1963
- Subdivision & Development:Eastside (ES)
- Listing ID #:RS26052383
- Added:156 day(s) ago
- Updated:August 14, 2026 at 11:19 AM
Rooms and interior
- Living area:6,770 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Mixed, Tar Gravel
- Year built:1963
- Building area:6,770 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,345,000
- Price per sq. ft.:$346.38
Parking
- Total parking spaces:6
- Parking description:Assigned, Garage
- Garage:Yes
- Garage spaces:6
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