2500 2506 E Spaulding Street, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
2500 2506 E Spaulding Street,Long Beach, CA 90804
$4,995,000
  • - Beds
  • - Baths
  • 14,886 sq. ft.
  • Multi-family
  • Active
Listed by: christopher walker
Office: triqor group949-756-3232
MLS#:PW26223076
Source:CRMLS

Price summary

  • Price:$4,995,000
  • Price per sq. ft.:$335.55

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...

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Home facts

  • Year built:1962
  • Listing ID #:PW26223076
  • Added:29 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Living area:14,886 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:14,886 sq. ft.
  • Lot area:0.3 Acres
  • Lot Features:Irregular Lot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,995,000
  • Price per sq. ft.:$335.55

Parking

  • Total parking spaces:16
  • Garage:Yes
  • Garage spaces:8
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