1360 Euclid Avenue

Long Beach, CA 90804

$2,650,000
Price
1
Beds
13
Baths
4,630 Sq. Ft.
$572 / Sq. Ft.
4,630
Sq. Ft.
$572
per Sq. Ft.

Description

Seller financing available Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements...Seller financing available Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers.
  1. Listed by Cody Charnell • DRE #01950585 • Brokerage DRE #02163228 • Sage Real Estate • 562-896-3851

Property Details for 1360 Euclid Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4630
Assessor Parcel Number
7253-008-006
Property Attached YN
true
LISTING UPDATED: 12/15/2024 10:52 PM

Property Details for 1360 Euclid Avenue

StatusActive
MLS #PW24249846
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
CountyLos Angeles County

Building Information for 1360 Euclid Avenue

Building/Complex1360 Euclid AveFloor-Stories2Residences-Pet Policy-Year Built1923Building Size-

Property Information for 1360 Euclid Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $183,540
  • Vacancy Allowance: 9177
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $174,363
  • Net Operating Income: $93,629
  • Gross Multiplier: 14.44
  • Cap Rate: 3.5
Expense Details
  • Operating Expense: $80,073
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $80,073
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 1981
  • Tax Census Tract: 5750.02
  • CFD/Mello-Roos Fee: $1,934
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Courtyard
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Builders Tract Name: Eastside
  • Builders Tract Code: Eastside (ES)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,135
  • Unit Type Total Rent: $1,135
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,180
  • Unit Type Total Rent: $14,160
  • Unit Type Pro Forma: 18900
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1360 Euclid Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1360 Euclid Avenue

Taxable ValueLand$772,650Additions$773,610Total$1,546,260
Tax Record2024$21,175 ($1,765 / month)
Home Facts
Total Finished SqFt4,630 SqFtAbove Grade Finished SqFt4,630 SqFtLot Size6,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR2NCountyLOS ANGELESAPN7253-008-006

Schools near 1360 Euclid Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bryant Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Richard D. Browning High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1360 Euclid Avenue is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on December 16, 2024 by Sage Real Estate, it's currently listed at $2,650,000. It has been on the market for a total of 2 days and was last sold on January 22, 2008. This listing's school district is Long Beach Unified School District. Nearby schools include Bryant Elementary School, Jefferson Leadership Academies School and Wilson High School. 1360 Euclid Avenue is a 1-bed, 13-bath, 4,630 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sage Real Estate, Cody Charnell, DRE #01950585

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.