Sq.Ft. Lot6,503
Year1922
The Oriana Shea Group
(562) 270-1775
Status:
Active
Property Type:Triplex
MLS #:PW23211580
On Site:20 Days
Lot Size:6,503 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Robert Stepp
Office:Keller Williams - Santa Monica
Broker Phone:310-463-2916
1128 St. Louis Avenue is a 3-unit apartment asset in Eastside Long Beach. Built in 1922, the bungalow-style property features a desirable unit mix of two 3bd/1ba units and a 1bd/1ba unit in a secured access building with ample parking on a 6,503-square-foot lot. With a Walk Score of 89, 1128 St. Louis is a convenient location for its tenants. The asset offers significant upside in rental income of 31%.
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Community Information
Address:1128 Saint Louis Ave, Long Beach, CA 90804
County:Los Angeles
City:Long Beach
Subdivision:Eastside (Es)
Zip Code:90804
Architecture
Year Built:1922
Stories:1
Building Area: 2204.0
Number of Buildings: 3
Total Units: 3
Stories Total: 1
Unit 1: 1 Unit • 3 Beds • 1 Bath • Unfurnished • $1,750 actual rent • $1,750 total rent • $2,500 pro forma
Unit 2: 1 Unit • 3 Beds • 1 Bath • Unfurnished • $1,750 actual rent • $1,750 total rent • $2,500 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,700 actual rent • $1,700 total rent • $1,800 pro forma
Unit 4: 1 Unit • 3 Beds • 1 Bath • Unfurnished • $1,750 actual rent • $1,750 total rent • $2,500 pro forma
Unit 5: 1 Unit • 3 Beds • 1 Bath • Unfurnished • $1,750 actual rent • $1,750 total rent • $2,500 pro forma
Unit 6: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,700 actual rent • $1,700 total rent • $1,800 pro forma
Features / Amenities
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Level: 1
Entry Location: 1
Common Walls: No Common Walls
Open Parking Spaces: 5.0
Parking Total: 5.0
Property Features
Lot Size:
0.15 Acres / 6,503 Sq. Ft.
Lot Features: Item25UnitsAcre
Sewer: Public Sewer
Water: Public
Zoning:LBR2N
Directions:E Anaheim St
Tax and Financial Info
Gross Income: $60,528
Gross Scheduled Income: $62,400
Net Operating Income: $35,859
Electric Expense: $562.50
Fuel Expense: $562.50
Gardener Expense: $1,200
Insurance Expense: $1,763
Maintenance Expense: $1,950
New Taxes Expense: $11,405
Pest Control Expense: $900
Other Expense: $675
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1128 Saint Louis Ave Long Beach, CA 90804
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Based on information from California Regional Multiple Listing Service, Inc. as of December 9, 2023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
