1208 N Saint Marys Court, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1208 N Saint Marys Court,Long Beach, CA 90813
$799,000
  • 4 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: erik kaiser
Office: re/max terrasol
MLS#:OC26095441
Source:San Diego MLS via CRMLS

Price summary

  • Price:$799,000

About this home

Excellent opportunity to acquire a value-add four-unit investment property in the highly desirable Downtown Long Beach submarket. This multi-unit asset offers strong in-place income with significant upside potential through renovation and rental repositioning. The property is currently generating approximately $58,500 in annual gross income, reflecting a current Gross Rent Multiplier (GRM) of 13.68 at the current list price and a cap rate of approximately 6.24%. These metrics position the asset as an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation. With strategic improvements, investors have the ability to reposition the asset, increase rents toward market levels, and further enhance overall returns. The property is ideal for investors pursuing a value-add strategy, long-term hold, or future refinance scenario. Located in the heart of Downtown Long Beach, the property benefits from strong tenant demand driven by proximity to major...

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Home facts

  • Listing ID #:OC26095441
  • Added:56 day(s) ago
  • Updated:June 29, 2026 at 02:30 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5

Structure and exterior

  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$799,000
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