Long Beach, CA 90802 625 E Broadway
$2,495,000
40 more
Presented By: Ty Youngblood with Keller Williams Realty; 951-751-1994
SQFT • 6,888
Year Built • 1914
Home Details
Prime opportunity in East Village, Long Beach’s most walkable and artistic neighborhood. 625 E Broadway is a well-maintained 12-unit apartment building consisting entirely of 1-bedroom, 1-bathroom units, individually metered for electricity with updated Cutler-Hammer breaker systems and a main service disconnect. The building spans 6,888 square feet with unit sizes ranging from 469 to 680 sq ft.
Three units are currently vacant and rent-ready, allowing investors to realize a 6.49% cap rate and 10.01 GRM immediately upon lease-up — no renovations or turnover required. Even at in-place rents, the property generates a 5.43% cap rate and 11.96 GRM, with clear upside supported by nearby comps and existing tenants.
Located just blocks from the beach, Metro light rail, and major downtown employers, this asset offers low historical turnover, efficient layouts, and strong demand fundamentals. Ownership pays for water, gas, sewer, and trash. Ideal for 1031 exchange buyers, yield-focused investors, or long-term holders seeking stable cash flow and a high-demand location.
Presented By: Ty Youngblood with Keller Williams Realty; 951-751-1994
Interior Features for 625 E Broadway
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
LivingAreaSourceAssessor
Total Stories2
Other Rooms
Entry Level1
General for 625 E Broadway
Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.49
Carport Y/NNo
CityLong Beach
Community FeaturesPark
Construction MaterialsConcrete, Stucco
CoolingDuctless
CountyLos Angeles
Current FinancingOther
DirectionsAlamitos and Broadway
ElectricStandard
Electric Expense1392.0
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingDuctless
Home Warranty Y/NNo
Insurance Expense4560.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Exchange1031, Submit
Lot Size Square Feet5039.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense4800.0
MobileHomeRemainsYNNo
Net Operating Income185934.0
New ConstructionNo
Number Of Units Total12
Number of Units Leased9
Occupancy TypeTenant
Operating Expense51300.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Annual Amount20212.0
Tax Year2024
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense7152.0
Year Built1914
Exterior for 625 E Broadway
Building Area Total6888.0
Crops Included Y/NNo
FencingSecurity
Horse Y/NNo
Inclusions2 commercial washers, 2 commercial dryers
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre, NearPark, NearPublicTransit
Lot Size Acres0.1157
Lot Size Area5039.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
