Long Beach, CA 90814 536 Saint Louis Avenue

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Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086
  • MLS# OC24010357
  • 01/17/2024
  • Request Tour
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  • BedBeds • 14
  • BathBaths • 1
  • FootageSQFT • 6,198
  • GarageGarage • 4

Home Details

536 Saint Louis Avenue is an 8-unit multifamily investment opportunity located in Long Beach, CA. 536 Saint Louis Avenue offers a desirable mix of two and three-bedroom layouts with amenities including gated and secured access, garage and surface parking, and an on-site laundry facility. This property rests on the border of Alamitos Beach, one of Long Beach’s earliest coastal neighborhood developments. At the end of the block is 4th Street’s Retro Row where residents enjoy the vibrancy of independent and vintage shops, entertainment, the Art Theatre and restaurants. Additionally, 536 Saint Louis Avenue’s central location, within two miles of Downtown Long Beach, Alamitos Beach, and Belmont Shore, provides an attractive amenity for renters looking for convenient access to Long Beach’s top destinations. 536 Saint Louis Avenue has undergone significant upgrades to its major systems such as upgraded plumbing, newer roof, new hot water heater and upgraded dual-pane windows to several of the units. Select units contain upgraded quartz or granite counter tops, tile flooring, and more. Ownership will have all electrical panels upgraded by close of escrow.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086

Interior Features for 536 Saint Louis Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 536 Saint Louis Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.19
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Days on Market104
DirectionsCross Streets: Cherry Ave / E 7th Street
Electric Expense1638.5
Entry Location1
Fuel Expense1638.5
Garage Spaces4.0
Garage Y/NYes
Gross Income212475.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense6000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet6098.4
MLS Area3 - Eastside, Circle Area
MaintenanceExpense4800.0
MobileHomeRemainsYNNo
Net Operating Income142054.0
New ConstructionNo
Open Parking Spaces4.0
Operating Expense64120.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameSaint Louis
Subdivision NameEastside (ES)
Tax Lot8
Taxes$28,556
Total Units8
Trash Expense1638.5
View Y/NNo
Water Sewer Expense1638.5
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLBR1N

Exterior for 536 Saint Louis Avenue

Building Area Total6198.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.14
Lot Size Area0.14
Lot Size SourceAssessor
Lot Size UnitsAcres
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,295,000
MLS#OC24010357
List Date 01/17/2024
Property Type Multi-Family
Phone 714.964.3311
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