770 Saint Louis Avenue Long Beach, CA $ 2,800,000
770 Saint Louis Avenue
$ 2,800,000
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770 Saint Louis Avenue

Long Beach, CA, 90804
$ 2,800,000
Baths0.0 Sq 6,261

Monthly Estimate*

$ 18,610

Listed by Keller Williams Pacific Estate
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Studio

Commercial Property for sale in Long Beach, CA

for $2,800,000. This 6,261 square foot building was built in 1930 on a lot size of 0.1435.

Nestled in the vibrant heart of Long Beach, this exquisite 1930's apartment complex offers a unique blend of historic elegance and contemporary convenience. Spread across a generous 6,261 square foot lot, the property boasts an impressive 6,247 square feet of living space, thoughtfully divided into 10 distinct units. Each unit in this charming building is a testament to the architectural allure of the early 20th century, with a delightful mix of single and studio apartments. The vintage character is tastefully preserved in the intricate details and classic design, providing a warm and inviting ambiance that is rare in modern apartment living. The structure itself, an apartment house (5+ units) as per its use code, stands as a significant piece of Long Beach's architectural heritage. Despite its age, the building has been meticulously maintained and updated where necessary, ensuring that each unit meets contemporary standards of comfort and convenience, while retaining its historical integrity. Residents of 770 St Louis Ave enjoy the benefits of living in one of Long Beach's most sought-after neighborhoods. The area is renowned for its bustling community, easy access to local amenities, and close proximity to some of the city's best parks, shopping destinations, and dining experiences. This property is not just a residence; it's a piece of Long Beach history. It offers a unique opportunity for investors seeking a property with character, a steady income stream, and a location that is consistently in demand. Whether you're looking to expand your investment portfolio or own a slice of Long Beach's history, 770 St Louis Ave promises to be a valuable and rewarding acquisition.

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Commercial Active

Price

$ 2,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,777

Style

MultiFamily

Lot Size

0.1435

Year Built

1930

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

DW24016719

Days on Market

117

Features
General
Heating WallFurnace
Cooling None
Roof Shingle
Zoning LBR2N
Construction Materials Stucco
Year Built 1930
Property SubType MultiFamily
Tax Year 2023
Business Type MultiTenant
County Los Angeles
Net Operating Income 132603.0
Operating Expense 38493.0
Insurance Expense 2000.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Exit off E 7th St off the 605 S freeway then make a right in St Louis St
City Long Beach
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 10
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units SquareFeet
Lot Size Square Feet 6249.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 10
Street Name Saint Louis
Listing Terms Conventional Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 13777.0
Home Warranty Y/N N
Water Sewer Expense 1800.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 102
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Owner
Year Built Source PublicRecords
Property Sub Type Additional MultiFamily
Cap Rate 4.73
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Exterior
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 4.0
Lot Size Area 6249.0
Number of Buildings 2
Spa N
Building Area Total 6261.0
Street Suffix Avenue
Lot Size Acres 0.1435
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 770
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* Excluded Features
List By
Keller Williams Pacific Estate

Broker

(562) 355-8060

Phone

Affordability Calculator

$19,758
Per Month
94%
6%
0%
Monthly Principal & Interest
$18,610
Monthly Property Taxes
$1,148
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/14/2024$2,800,000 Listed Price

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770 Saint Louis Avenue, Long Beach, CA, 90804 is a Commercial Property for sale at $2,800,000 with 6,261 sqft and a lot size of 0.1435. 770 Saint Louis Avenue is a studio with 0.0 baths and was built in 1930. The property's zip code is 90804 which is in Long Beach, CA