Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90804 770 Saint Louis Avenue

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Presented By: Julio Bonilla with Keller Williams Pacific Estate; 562-355-8060
  • MLS# DW24222679
  • 01/22/2025
  • Request Tour
  • Request Info
  • SQFT • 6,261
  • Year Built • 1930

Home Details

This charming 1930s Spanish-style apartment complex in the heart of Long Beach offers a rare opportunity to own a piece of the city’s 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 $2.3 million to $2.1 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 Beach’s 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.
Presented By: Julio Bonilla with Keller Williams Pacific Estate; 562-355-8060

Interior Features for 770 Saint Louis Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
LivingAreaSourceAssessor
Total Stories2

Other Rooms

Entry Level1

General for 770 Saint Louis Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.63
Carport Y/NNo
CityLong Beach
Construction MaterialsStucco
CountyLos Angeles
DirectionsCross streets St Louis and 7th Street
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan, Conventional
Lot Size Square Feet6249.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense2520.0
MobileHomeRemainsYNNo
Net Operating Income139369.2
New ConstructionNo
Number of Units Leased10
Occupancy TypeOwner
Operating Expense39238.8
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Annual Amount13777.0
Tax Year2023
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1930
ZoningLBR2N

Exterior for 770 Saint Louis Avenue

Building Area Total6261.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1435
Lot Size Area6249.0
Lot Size SourceAssessor
Number of Buildings2
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $2,100,000
MLS#DW24222679
List Date 01/22/2025
Property Type Commercial
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