Long Beach, CA 90804,770 Saint Louis AVE
Long Beach, CA 90804,770 Saint Louis AVE
Long Beach, CA 90804,770 Saint Louis AVE
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Rachel Ashton, DRE01974862

Rachel Ashton, DRE01974862

+1(818) 319-2637
$2,100,000
Est. payment /mo
6,250 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25152944

HOA Y/N No

Year Built 1930

Annual Tax Amount $13,777

Tax Year 2023

Lot Size 6,250 Sqft

Property Sub-Type Multi Family

Property Description

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
$2.3 million to $2.1 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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Heating Wall Furnace

Fireplace No

Laundry None

Exterior

Roof Type Shingle

Present Use Multi-Family

Building

Lot Description 6-10 Units/Acre

Story 2

Water Public

Others

Tax ID 7262023018

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Special Listing Condition Standard


Read Less Info
CRMLS – RECore
Listed by Julio Bonilla Keller Williams Pacific Estate 562-355-8060

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agent

Rachel Ashton, DRE01974862

+1(818) 319-2637

Agent | License ID: 01974862

Agent License ID: 01974862

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