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Listed by Julio Bonilla • Keller Williams Pacific Estate
$2,100,000
Est. payment /mo
Active
770 Saint Louis Avenue Long Beach, CA 90804
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW-24222679
Year Built 1930
Annual Tax Amount $13,777
Tax Year 2023
Property Sub-Type Multi Family
Property Description
This charming 1930s Spanish-style apartment complex in the heart of Long Beach offers a rare opportunity to own a piece of the city's history. Featuring 10 units, a mix of single and studio apartments, the property spans 6,247 square feet of living space on a 6,261 square foot lot. Each unit retains the original architectural charm of the era, highlighted by intricate details and timeless design elements. The building has been well-maintained, with thoughtful updates made to ensure it meets modern standards of comfort while preserving its vintage allure. Investors will appreciate the recent price adjustment from $2.3 million to $2.1 million, presenting a unique value proposition for a property in this highly desirable area. Additionally, recent rent increases offer the potential to reach pro forma rents, further maximizing the return on investment. Situated in one of Long Beach's most vibrant neighborhoods, residents enjoy convenient access to local parks, shopping, dining, and the scenic Long Beach Shoreline. This property provides not just an income-generating asset but also a tangible piece of Long Beach's rich architectural heritage. Whether you're looking to enhance your investment portfolio or acquire a unique property in a prime location, 770 St Louis Ave stands out as a smart and rewarding acquisition.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Heating Wall Furnace
Laundry None
Building
Lot Description 6-10 Units/Acre