1036 Saint Louis, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1036 Saint Louis,Long Beach, CA 90804
$2,345,000
  • - Beds
  • - Baths
  • 6,770 sq. ft.
  • Multi-family
  • Active
Listed by: andrew mcallister
Office: exp realty of greater l.a888-652-1314
MLS#:RS26052383
Source:CRMLS

Price summary

  • Price:$2,345,000
  • Price per sq. ft.:$346.38

About this home

$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.

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Home facts

  • Year built:1963
  • Subdivision & Development:Eastside (ES)
  • Listing ID #:RS26052383
  • Added:155 day(s) ago
  • Updated:August 13, 2026 at 11:08 AM

Rooms and interior

  • Living area:6,770 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Mixed, Tar Gravel
  • Year built:1963
  • Building area:6,770 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,345,000
  • Price per sq. ft.:$346.38

Parking

  • Total parking spaces:6
  • Parking description:Assigned, Garage
  • Garage:Yes
  • Garage spaces:6
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