Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    770 Saint Louis Avenue, Long Beach, CA 90804
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    770 Saint Louis Avenue
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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
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      This 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.
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    Features
    Assetclass
    1. Multi-Family
    Building Area Total
    1. 6261.00
    Building Expenses
    1. 800.00
    Commoninterest
    1. None
    Construction Materials
    1. Stucco
    Cooling
    1. None
    Country
    1. US
    Current Use
    1. Multi-Family
    Expense Year
    1. 2023
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 2000.00
    Land Use
    1. Multi-Family
    Laundry Features
    1. None
    Netoperatingincome
    1. 132603.00
    Otherexpense
    1. 487.00
    Parcel Number
    1. 7262023018
    Postalcodeplus4
    1. 4550
    Professionalmanagementexpense
    1. 18629.00
    Property Type
    1. Multi Family
    Roof
    1. Shingle
    Totalexpenses
    1. 40013.00
    Totalmonthlyrent
    1. 14258
    Water Sewer Expense
    1. 1800.00
    Water Source
    1. Public
    Year Built
    1. 1930
    Year Built Source
    1. Public Records
    Zoning
    1. LBR2N
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836