1075 E South, Long Beach, CA 90805

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
1075 E South,Long Beach, CA 90805
$4,345,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jackson jorgensen, shane young
Office: younglewin advisors, inc.562-318-0215
MLS#:PW26036911
Source:CRMLS

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Price summary

  • Price:$4,345,000

About this home

We are pleased to present 1075 E. South Street, a 1987 constructed 18 unit building to market in the city of Long Beach. The property features an all two bedroom unit mix with units averaging approximately 868 square feet each with balconies in select units. Current operations deliver a strong 6.37% cap rate and a 10.01 GRM based on existing rents, while still offering approximately 20% upside in gross rental income to market. The property has fully gated and secured parking for 25 spaces in addition to three secure storage spaces in the garage area. Attractive market financing options exist that could potentially boost a cash on cash return of 7% with a 30% down payment (buyer to verify). Situated on a quiet residential street in a solid North Long Beach location, the property combines stable current income, future rent growth potential, and a desirable neighborhood setting.

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Home facts

  • Year built:1987
  • Listing ID #:PW26036911
  • Added:89 day(s) ago
  • Updated:May 19, 2026 at 06:34 AM

Structure and exterior

  • Year built:1987
  • Lot Features:Landscaped

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,345,000
  • Tax amount:$42,391

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:25
  • Garage:Yes
  • Garage spaces:25
Based on information from California Regional Multiple Listing Service, Inc. as of May 19, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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