1036 Saint Louis, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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Long Beach, California 90804
This High-Yield Multi-Family Asset is offered at a List Price of $2,395,000, positioned near its $2,339,912 Fair Market Value. Boasting a Good Condition Rating, the property has undergone $129,000 in Recent Capital Improvements, including a new 400A electrical panel and roof repairs. The exceptional unit mix and proximity to the 9/10 Rated Fremont Elementary School ensure consistent rental demand. With three units already remodeled, there is a clear path to a 7.26% Projected Cap Rate. This stabilized asset is ideal for Buy-and-Hold Investors or Portfolio Diversifiers.
Property is move-in ready.
The property is in good condition due to extensive recent capital improvements ($129,000) including a new 400A electrical panel (2025), sewer line replacement (2025), and roof repairs (2024). While the building dates to 1963, three of the nine units have been fully remodeled with modern kitchens, stainless steel appliances, and updated flooring, while the major systems have been modernized to meet current standards.
Elementary School: Fremont Elementary School (9/10).
The property features a rare and desirable mix of large units, including one 3-bedroom and six 2-bedroom apartments, which typically attract long-term tenants and command premium rental rates.
With $129,000 recently invested in a new 400A electrical panel, sewer line replacement, roof repairs, and SB 721 balcony compliance, the asset offers significantly reduced immediate CapEx risk.
The owner is responsible for water, sewer, and trash costs, which can be a significant and fluctuating operating expense for a 9-unit building with high-occupancy unit types.
The property provides only six garages for nine large units, creating a parking-to-unit ratio that may be challenging for multi-car households in a high-density Long Beach neighborhood.
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 6.23% cap / 10.46 GRM with projected 7.26% cap at market. Not subject to local rent control (AB 1482 applies).
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,770 | 5,704 | 67% |
| Lot Size | 6,501 | 6,401 | 67% |
| Price | $2.40M | $2.33M | 67% |
| Price per sq ft | $354 | $354 | 50% |
| Built year | 1963 | 1972 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 59 | 33% |
Mar 10, 2026
$2,395,000
Initial Listing
Jul 23, 2021
$2,350,000
Public Record
Apr 13, 2004
$910,000
Public Record