770 Saint Louis Avenue, Long Beach, CA 90804
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- MLS#: DW24016719 ( Multi Family )
- Street Address: 770 Saint Louis Avenue
- Viewed: 3
- Price: $2,300,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1930
- Bldg sqft: 0
- Days On Market: 329
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90804
- Provided by: Keller Williams Pacific Estate
- Contact: Julio Julio
- DMCA Notice
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DescriptionThis charming 1930s Spanish style apartment complex in the heart of Long Beach offers a rare opportunity to own a piece of the citys history. Featuring 10 units, a mix of single and studio apartments, the property spans 6,247 square feet of living space on a 6,261 square foot lot. Each unit retains the original architectural charm of the era, highlighted by intricate details and timeless design elements. The building has been well maintained, with thoughtful updates made to ensure it meets modern standards of comfort while preserving its vintage allure. Investors will appreciate the recent price adjustment from $2.6 million to $2.3 million, presenting a unique value proposition for a property in this highly desirable area. Additionally, recent rent increases offer the potential to reach pro forma rents, further maximizing the return on investment. Situated in one of Long Beach's most vibrant neighborhoods, residents enjoy convenient access to local parks, shopping, dining, and the scenic Long Beach Shoreline. This property provides not just an income generating asset but also a tangible piece of Long Beachs rich architectural heritage. Whether you're looking to enhance your investment portfolio or acquire a unique property in a prime location, 770 St Louis Ave stands out as a smart and rewarding acquisition.
Property Location and Similar Properties
Features
Assetclass
- Multi-Family
Building Area Total
- 6261.00
Building Expenses
- 800.00
Commoninterest
- None
Construction Materials
- Stucco
Cooling
- None
Country
- US
Current Use
- Multi-Family
Expense Year
- 2023
Heating
- Wall Furnace
Insurance Expense
- 2000.00
Land Use
- Multi-Family
Laundry Features
- None
Netoperatingincome
- 132603.00
Otherexpense
- 487.00
Parcel Number
- 7262023018
Postalcodeplus4
- 4550
Professionalmanagementexpense
- 18629.00
Property Type
- Multi Family
Roof
- Shingle
Totalexpenses
- 40013.00
Totalmonthlyrent
- 14258
Water Sewer Expense
- 1800.00
Water Source
- Public
Year Built
- 1930
Year Built Source
- Public Records
Zoning
- LBR2N