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6,770 sqft

$2,345,000

1036 Saint Louis, Long Beach CA, 90804

Price per sqft$346.38
Built in1963
Property size6,770 sqft
Property typeMulti-family
Listed by Andrew McAllister CA DRE# 01946829 with eXp Realty of Greater L.A 925-683-9203

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
RS26052383

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Maintenance Expense
$6,750
Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Andrew McAllister CA DRE# 01946829 with eXp Realty of Greater L.A 925-683-9203

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/30/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/30/2026 at 7:48 AM UTC Last Checked: 7:48 AM UTC

 

 

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