Active

770 Saint Louis Avenue

Long Beach CA, 90804

$2,300,000


$367.35 per sqft

Active

6,261 sqft

Commercial

Built in 1930

Listed by Julio Bonilla with Keller Williams Pacific Estate 562-355-8060

This charming 1930s Spanish-style apartment complex in the heart of Long Beach offers a rare opportunity to own a piece of the city's history. Featuring 10 units, a mix of single and studio apartments, the property spans 6,247 square feet of living space on a 6,261 square foot lot. Each unit retains the original architectural charm of the era, highlighted by intricate details and timeless design elements. The building has been well-maintained, with thoughtful updates made to ensure it meets modern standards of comfort while preserving its vintage allure. Investors will appreciate the recent price adjustment from $2.6 million to $2.3 million, presenting a unique value proposition for a property in this highly desirable area. Additionally, recent rent increases offer the potential to reach pro forma rents, further maximizing the return on investment. Situated in one of Long Beach's most vibrant neighborhoods, residents enjoy convenient access to local parks, shopping, dining, and the scenic Long Beach Shoreline. This property provides not just an income-generating asset but also a tangible piece of Long Beach's rich architectural heritage. Whether you're looking to enhance your investment portfolio or acquire a unique property in a prime location, 770 St Louis Ave stands out as a smart and rewarding acquisition.

DW24016719

MLS ID

February 13, 2024

Listed

October 18, 2024

Updated

Map

770 Saint Louis Avenue
Long Beach CA, 90804

Interior Features

Total Stories

2


Laundry Description

None


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

6-10 Units/Acre


Roof

Shingle

Other Property Details

Area Name

4 - Downtown Area, Alamitos Beach


Taxes

$13,777


Tax Frequency

Annually


Days on Market

247


Garage

No


Parking Total

4


View

No


County

Los Angeles


Water Source

Public


Pool

No


Zoning

LBR2N

Listing History

Date

Event

Price

9/12/2024

Price change

$2,300,000

-12%

7/11/2024

Price change

$2,600,000

-8%

Listing Contact: 562-513-7800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/18/2024 at 12:48 PM UTC

 

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