2500-2506 E Spaulding Street, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
2500-2506 E Spaulding Street,Long Beach, CA 90804
$4,995,000
  • 2 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: christopher walker
Office: triqor group
MLS#:PW26223076
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,995,000

About this home

2500-06 East Spaulding Street is an updated 18-unit apartment property in Zaferia, a largely built-out submarket of East Long Beach. Built in 1962, the two-building, 14,866-square-foot property is offered at $4,995,000, or $277,500 per unit and $336 per square foot. All 18 units are updated two-bedroom, one-bath floor plans, and the building has fresh two-tone exterior paint and a central courtyard. In-place rents of $37,871 per month carry a 6.2% capitalization rate on $307,432 of net operating income, and the $40,500 per month the unit mix supports at market takes net operating income to $333,657 and the return to 6.7%. Eight enclosed garages, eight open parking spaces and two onsite laundry rooms give the building amenity depth uncommon at this size. RUBS, parking and pet income add $1,790 per month in ancillary revenue. Each unit is individually metered for electricity, giving residents direct control over utility costs and holding the owner-paid expense load down. Gated keypad...

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Home facts

  • Listing ID #:PW26223076
  • Added:8 day(s) ago
  • Updated:October 23, 2026 at 03:18 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1

Finances and disclosures

  • Price:$4,995,000
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