477 E South Street, Long Beach, CA 90805

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
477 E South Street,Long Beach, CA 90805
$3,990,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:jeff kim
Office:exp realty of california, inc.
MLS#:PTP2407021
Source:SANDICOR

Price summary

  • Price:$3,990,000

About this home

Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

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Home facts

  • Listing Id #:PTP2407021
  • Added:276 day(s) ago
  • Updated:August 19, 2025 at 01:40 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4

Finances and disclosures

  • Price:$3,990,000
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