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1036 Saint Louis
For Sale $2,370,000
$2,370,000
- 9 Units
- Unknown Sq Ft
- 6,501 Sq Ft
- Unknown Cap Rate
Description
$25,000 Price Reduction! 9-unit apartment complex in Eastside Long Beach with an exceptional large-unit mix: (1) 3BD/2BA, (6) 2BD/1BA, (2) 1BD/1BA. Strong in-place income with upside through continued unit renovations (3 of 9 units already remodeled). $129,000 in capital improvements including new 400A main electrical panel (2025), partial main sewer line replacement (2025), SB 721 balcony compliance/repairs (2025), and roof repairs (2024). 6 garages, separately metered electric/gas, owner pays water/sewer/trash. Offered at a 6.32% cap / 10.34 GRM with projected 7.51% cap at market. Not subject to local rent control (AB 1482 applies).
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,370,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 6 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7262007010 |
| MLS # | RS26052383 |
| Property ID | 322659646 |
| Lot Sqft | 6,501 |
| Zoning | Unknown |
| Total Units | 9 |
| Days on Market | 84 |
| Original List Price | $2,395,000 |
| Date Updated | May 14, 2026 |
| Date Created | March 04, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $18,410 | $0 |
| Net Income (Yr) | $ 149,699 |
| Cap Rate | 6.32% |
Listing Provided By
Andrew McAllister an agent of . Lic #01946829
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 14, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT