Stacey Alysson Melman

1036 Saint Louis Long Beach CA 90804 MLS #RS26052383

1036 Saint Louis
Long Beach, CA, 90804
$2,370,000
Beds
0 Baths
0 SqFt
0.15 Acres
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MLS #RS26052383 image #0
$25,000 Price Reduction! 9-unit apartment complex in Eastside Long Beach with an exceptional large-unit mix: (1) 3BD/2BA, (6) 2BD/1BA, (2) 1BD/1BA. Strong in-place income with upside through continued unit renovations (3 of 9 units already remodeled). $129,000 in capital improvements including new 400A main electrical panel (2025), partial main sewer line replacement (2025), SB 721 balcony compliance/repairs (2025), and roof repairs (2024). 6 garages, separately metered electric/gas, owner pays water/sewer/trash. Offered at a 6.32% cap / 10.34 GRM with projected 7.51% cap at market. Not subject to local rent control (AB 1482 applies).
AGENT: Andrew McAllister
LISTING BROKERAGE: eXp Realty of Greater L.A
1036 Saint Louis
Long Beach, CA

Property Details

Price:
$2,370,000
MLS #:
RS26052383
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Subdivision:
Eastside ES
Neighborhood:
3eastsidecirclearea
Listed Date:
Mar 10, 2026
Total Sq Ft:
6,770
Lot Size:
6,501 sqft / 0.15 acres (approx)
Year Built:
1963
3 – Eastside, Circle Area3eastsidecircleareaEastside Es
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Schools

Interior

Cooling
NO
Heating
WL
Laundry Features
AR

Exterior

Common Walls
NCW
Community Features
SDW, STM, SL, URB, CRB
Garage Spaces
6
Parking Spots
6
Parking Total
6
Roof
TARGRV, MIX

Financial

Gross Operating Income
$222,946
Maintenance Fee
$6,750
Net Operating Income
$149,699

Map

Community

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