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770 Saint Louis Avenue

Long Beach, CA 90804
  • $2,600,000
  • STATUS: Active
  • ON SITE: 210 Days
  • ID#: DW24016719
UPDATED: 42 min ago
$2,600,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Julio Bonilla of Keller Williams Pacific Estate (562-513-7800)


Description

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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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-10T23:27:33.06. 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 deemed reliable but is not guaranteed accurate by the MLS or The Ramos Group | Keller Williams High Desert. Licensed in the State of California, USA.
www.carminsellshomes.com/homes/147588442
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770 Saint Louis Avenue Long Beach, CA 90804

  • Price: $2,600,000
  • Status: Active
  • On Site: 210 Days
  • Updated: 42 min ago
  • ID#: DW24016719
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1930
Built
Neighborhood:
4 - Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
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.
Exterior Features

Construction Materials Stucco Entry Level 1 Lot Features 6-10 Units/Acre Parking Total 4 Roof Shingle

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Business Type Multi-Tenant Cap Rate 5.1 Common Interest None Gross Scheduled Income 171096 Insurance Expense 2000 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 2520 Net Operating Income 132603 Number Of Units Leased 10 Operating Expense 38493 Other Expense 487 Property Sub Type Multi Family Special Listing Conditions Standard Tax Annual Amount 13777 Tax Year 2023 Vacancy Allowance Rate 0 Water Sewer Expense 1800 Water Source Public Zoning LBR2N



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-10T23:27:33.06. 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 deemed reliable but is not guaranteed accurate by the MLS or The Ramos Group | Keller Williams High Desert. Licensed in the State of California, USA.
 
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The Ramos Group | Keller Williams High Desert
12530 Hesparia Rd Suite 101
Victorville CA, 92395
Listing Agent(s): Julio Bonilla of Keller Williams Pacific Estate (562-513-7800)