770 St Louis Avenue

Long Beach, CA 90804

$2,100,000
Price
Beds
Baths
6,261 Sq. Ft.
$335 / Sq. Ft.
6,261
Sq. Ft.
$335
per Sq. Ft.

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...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.
  1. Listed by Julio Bonilla • DRE #01281205 • Brokerage DRE #01917184 • Keller Williams Pacific Estate • 562-355-8060

Property Details for 770 St Louis Avenue

Parking Spaces Total
4
Lot Size Source
Assessor
Building Area Total
6261
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Zoning
LBR2N
Parcel Number
7262023018
LISTING UPDATED: 01/22/2025 09:11 AM

Property Details for 770 St Louis Avenue

StatusActive
MLS #DW24222679
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1930
Lot Size0.14 AC / 6,249 SF
CountyLos Angeles County

Building Information for 770 St Louis Avenue

Stories2Residences-Year Built1930Building Size-Lot Size0.14 AC / 6,249 SF

Property Information for 770 St Louis Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $178,608
  • Net Operating Income: $139,369
  • Cap Rate: 6.63
Expense Details
  • Operating Expense: $39,239
  • Building Expenses: $800
  • Insurance Expense: $2,000
  • Maintenance Expense: $2,520
  • Professional Management Expense: $17,861
  • Other Expense: $487
  • Water Sewer Expense: $1,800
  • Real Estate Tax Expense: $13,777
Tax / Assessment Info
  • Tax Year: 2023
  • Tax Annual Amount: $13,777
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating: Wall Furnace
Exterior Features
  • Construction Materials: Stucco
  • Roof: Shingle
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 6-10 Units/Acre
  • Land Use: Multi-Family
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,628
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,494
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,169
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,494
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,450
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,361
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,646
  • Unit Type Type: 6
Unit 8
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,295
  • Unit Type Type: 7
Unit 9
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,671
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,676
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 10
  • Number Of Buildings: 2

Property History for 770 St Louis 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 770 St Louis Avenue

Taxable ValueLand$377,277Additions$605,938Total$983,215
Tax Record2024$14,030 ($1,169 / month)
Home Facts
Total Finished SqFt6,261 SqFtAbove Grade Finished SqFt6,261 SqFtLot Size6,247 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningLBR2NCountyLOS ANGELESAPN7262-023-018

Schools near 770 St Louis 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
Charter - 9 to 12
Rating
School
Distance
Burbank Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Clear Passage Educational Center
Charter9 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.

Similar Homes

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770 St Louis Avenue is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on January 22, 2025 by Keller Williams Pacific Estate, it's currently listed at $2,100,000. This listing's school district is Long Beach Unified School District. Nearby schools include Burbank Elementary School, Jefferson Leadership Academies School and Wilson High School. 770 St Louis Avenue is a 0-bed, 0-bath, 6,261 sqft multi-family home built in 1930.

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 Keller Williams Pacific Estate, Julio Bonilla, DRE #01281205

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.