$2,345,000
 $12,588 est/mo Sourced by Back At You

1036 Saint Louis,Long Beach, CA 90804

Long Beach, CA 90804

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Description

$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.

Details

MLS #RS26052383
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1963
Days On Site170
Listing Provided ByeXp Realty of Greater L.A | Andrew McAllister

Features

SQ Feet6,770
Garage6
Story(s)2
Units9
Building(s)1
Acreage0.15

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
Fireplace Yes / NoNo

Exterior

RoofMixed, Tar Gravel

Parking

Parking FeaturesAssigned, Garage
Garage Yes / NoYes

Utilities

UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
SewerPublic Sewer

Location

Community FeaturesCurbs, Storm Drains, Street Lights, Sidewalks, Urban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Community NameEastside (ES)
Listing VS Median (in Eastside (ES))
Price:
$2,345,000
low | high
Med:
$850,000
100% of Average
sqft:
6,770
low | high
Med:
596
100% of Average
$ / sqft:
$346
low | high
Med:
$1,426
100% of Average
On site:
170
low | high
Med:
118
100% of Average
Sourced by Back At You

Market Activity 90804

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Learn More About This Property

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Community NameEastside (ES)
Listing VS Median (in Eastside (ES))
Price:
$2,345,000
low | high
Med:
$850,000
100% of Average
sqft:
6,770
low | high
Med:
596
100% of Average
$ / sqft:
$346
low | high
Med:
$1,426
100% of Average
On site:
170
low | high
Med:
118
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.758M - $2.931M
sqft: 5,000 - 8,000
Listing Updated: August 21, 2026 at 11:07:30 PM PDT