1071 N Almond Court, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA Donahoe Realty
1071 N Almond Court,Long Beach, CA 90813
$888,000
  • 7 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joshua barut
Office: lyon stahl investment real estate, inc.
MLS#:SB26196998
Source:San Diego MLS via CRMLS

Price summary

  • Price:$888,000

About this home

We are pleased󠃍󠂏󠃢󠂁󠂠󠃢󠂁󠂠󠃢󠂁󠂢󠃢󠂁󠂢󠃳󠂠󠂀󠂠 to present 1071 N Almond Ct, a five-unit apartment building and multi-layered value-add opportunity in a strong Long Beach infill location. The building is 3,221 SF, sits on a 4,257 SF lot, and benefits from a strong unit mix of (3) 2 Bed/1 Bath and (2) 1 Bed/1 Bath units. At $177,600/unit and $275.69/SF both well below comp averages the offering represents an attractive entry basis in a tightly held submarket. At a 3.5% CAP rate and 15.8 GRM on current in-place rents, this offering carries roughly 125% in rent upside, which would impute a 10.1% Market CAP and 7.0 Market GRM on stabilized market rents. Four units are occupied at rents well below market; the rear unit will be delivered vacant and requires full renovation. Further, the building benefits from efficient lot coverage, with a detached rear garage presenting a potential ADU conversion candidate and a second garage ADU opportunity once the rear building is renovated (buyer...

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Home facts

  • Subdivision & Development:Alamitos Beach (AB)
  • Listing ID #:SB26196998
  • Added:19 day(s) ago
  • Updated:September 28, 2026 at 02:27 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$888,000
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