1119 Saint Louis Avenue Long Beach, CA ^$ 1,595,000

1119 Saint Louis Avenue

^$ 1,595,000

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1119 Saint Louis Avenue

Long Beach, CA, 90804

^$ 1,595,000

Bedrooms10 Baths1.0 Sq 3,909

Monthly Estimate*

^$ 11,142

Listed by Keller Williams - Santa Monica

1119 Saint Louis Avenue, Long Beach, CA 90804 - Image 1

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1119 Saint Louis Avenue, Long Beach, CA 90804 - Image 9

1119 Saint Louis Avenue, Long Beach, CA 90804 - Image 10

1119 Saint Louis Avenue, Long Beach, CA 90804 - Image 11

1119 Saint Louis Avenue, Long Beach, CA 90804 - Image 12

1119 Saint Louis Avenue, Long Beach, CA 90804 - Image 13

1119 Saint Louis Avenue, Long Beach, CA 90804 - Image 14

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Multi-Family Home for sale in Long Beach, CA

for $1,595,000 with 10 bedrooms and 1 full bath. This 3,909 square foot home was built in 1923 on a lot size of 0.1494.

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.

Multi-Family Active

Price

^$ 1,595,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1494

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23165898

Days on Market

253

Features

General

Sewer PublicSewer

Zoning LBR2N

Garage Spaces 0.0

Pool Features None

Year Built 1923

Stories 1

Levels One

Property SubType MixedUse

Gross Income 165172.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 97101.0

Operating Expense 68071.0

Insurance Expense 4000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Eastside (ES)

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions E Anaheim St & Cherry Ave

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area 3 - Eastside Circle Area

Lot Size Square Feet 6509.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Saint Louis

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 11640.0

Home Warranty Y/N N

Fuel Expense 4686.0

Trash Expense 0.0

Water Sewer Expense 6006.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 216

Building Area Units SquareFeet

Standard Status ActiveUnderContract

Year Built Source Assessor

Tax Lot 16

Property Sub Type Additional MixedUse

Taxes 20481.0

Cap Rate 6.08

Exterior

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 0.0

Lot Size Area 6509.0

Number of Buildings 1

Spa N

Building Area Total 3909.0

Lot Size Acres 0.1494

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1119

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$11,142

Per Month

Monthly Principal & Interest: $11,142
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 31%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/28/2024	$1,595,000	-3.33%	Price Down
1/29/2024	$1,650,000	-2.94%	Price Down
11/7/2023	$1,700,000	-5.56%	Price Down
9/6/2023	$1,800,000		Listed Price

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1119 Saint Louis Avenue, Long Beach, CA, 90804 is a Multi-Family Home for sale at $1,595,000 with 3,909 sqft and a lot size of 0.1494. 1119 Saint Louis Avenue has 10 bedrooms, 1.0 baths, and was built in 1923. The property's zip code is 90804 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/15/2024. 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, 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.

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1119 Saint Louis Avenue

Multi-Family Home for sale in Long Beach, CA

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