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Long Beach, CA 90804 1119 Saint Louis Avenue

$1,595,000

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Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW23165898
  • 09/05/2023
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 1
  • FootageSQFT • 3,909

Home Details

1119 St. Louis Avenue is a 10-unit apartment asset in Long Beach, California. The property is offered at only $159,500 per unit with 6.09% cap rate and 9.37 GRM on current rents. The property is comprised of 10 bungalow-style studio units in a secured access building. Seven units have been remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features, and in-unit washers and dryers. New windows have been installed throughout most units.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 1119 Saint Louis Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 1119 Saint Louis Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.08
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market216
DirectionsE Anaheim St & Cherry Ave
Electric Expense11640.0
Entry Location1
Fuel Expense4686.0
Garage Spaces0.0
Garage Y/NNo
Gross Income165172.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet6509.0
MLS Area3 - Eastside, Circle Area
MaintenanceExpense7000.0
MobileHomeRemainsYNNo
Net Operating Income97101.0
New ConstructionNo
Operating Expense68071.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street NameSaint Louis
Subdivision NameEastside (ES)
Tax Lot16
Taxes$20,481
Total Units10
Trash Expense0.0
View Y/NNo
Water Sewer Expense6006.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBR2N

Exterior for 1119 Saint Louis Avenue

Building Area Total3909.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1494
Lot Size Area6509.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,595,000
MLS#PW23165898
List Date 09/05/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors