Listing provided courtesy of Andrew McAllister of eXp Realty of Greater L.A. Last updated 2026-06-25 08:11:41.000000. Listing information © 2026 Sandicor.
Asking Price: $2,345,000 |
1036 Saint Louis, Long Beach CA 90804
Community: 3 - Eastside, Circle Area
This Commercial/Residential property was built in 1963 and is priced at $2,345,000. Please see the additional details below.
$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.
