Mixed Use for sale in Southern California — $2,345,000. $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) 1B…
$2,345,000
1036 Saint Louis, Long Beach, CA 90804
$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.
Listing updated: June 17, 2026 at 7:47 AM
Listed by: Andrew McAllister, eXp Realty of Greater L.A
Source: CRMLS, MLS#: RS26052383, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/17/2026 Source: CRMLS, #RS26052383 | Price change | $2,345,000-1.1% |
| 3/10/2026Source: CRMLS, #RS26052383 | Listed for sale | $2,370,000 |
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