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Listed by eXp Realty of Greater L.A, Andrew McAllister, Listing Contact: 562-528-8105

$2,345,000

1036 Saint Louis, Long Beach CA, 90804

Price per sqftN/A
Built in1963
Property typeMulti-family

Overview

Active

Listed Mar 10, 2026

Updated 7 days ago

$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.

$15,601/mo

Est. mortgage payment based on a $2,345,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRRS26052383

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Garage
Yes
MLS provider logo

Listed by eXp Realty of Greater L.A, Andrew McAllister DRE:01946829,
Listing Contact: 562-528-8105 

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Data last updated 3:31 AM UTC, 9/30/2026

 

 

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