623 E Broadway

Long Beach, CA 90802

$1,300,000
Last Sold Price
—
Beds
12
Baths
5,020 Sq. Ft.
$259 / Sq. Ft.
5,020
Sq. Ft.
$259
per Sq. Ft.
Closed 12/3/25
Closed 12/3/25
a view of a city that has tall buildings
an aerial view of multiple house
a front view of a building with glass windows
a view of entryway

Description

623 E Broadway St presents an excellent opportunity to acquire a 12-unit multifamily property in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, and the Long Beach Convention Center. The property features 12 studio units totaling approximately 5,020 square feet on a 3,308 square foot lot. Priced at just $125,000 per unit and $299 per square foot, this asset offers a highly attractive cost of entry in one of Long Beach’s strongest rental markets. With...623 E Broadway St presents an excellent opportunity to acquire a 12-unit multifamily property in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, and the Long Beach Convention Center. The property features 12 studio units totaling approximately 5,020 square feet on a 3,308 square foot lot. Priced at just $125,000 per unit and $299 per square foot, this asset offers a highly attractive cost of entry in one of Long Beach’s strongest rental markets. With a 6.92% current CAP rate and 8.50 GRM, the property provides strong in-place income, while market rents support a 11.74% pro forma CAP rate and 5.94 GRM, offering clear potential for increased returns. Located in a highly walkable area surrounded by shops, restaurants, and major transit lines, 623 E Broadway St combines steady cash flow with exceptional long-term upside in a prime urban corridor.
  1. Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • broker@lyonstahl.com
  2. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 623 East Broadway

Parking Spaces Total
0
Private Pool
No
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5020
Assessor Parcel Number
7281-014-017
Property Attached YN
true
LISTING UPDATED: 12/04/2025 03:57 AM

Property Details for 623 East Broadway

StatusClosed
MLS #PW25236421
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.08 AC / 3,308 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01934775

Add your commute

Building Information for 623 East Broadway

Stories2Residences-Year Built1923Building Size-Lot Size0.08 AC / 3,308 SF

Payment Calculator

$7,876 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,424

Property Taxes

$1,452

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 623 East Broadway

Income / Expense / Tax Details
Income Details
  • Gross Income: $176,424
  • Gross Scheduled Income: $176,424
  • Vacancy Allowance: 8821
  • Gross Operating Income: $176,603
  • Net Operating Income: $103,798
  • Gross Multiplier: 8.5
  • Cap Rate: 6.92
  • Financing: Conventional
Expense Details
  • Operating Expense: $63,804
  • New Taxes Expense: $18,750
  • Pest Control Expense: $540
  • Insurance Expense: $11,200
  • Maintenance Expense: $8,821
  • Professional Management Expense: $8,821
  • Other Expense: $10,236
  • Other Expense Description: Utility
  • Trash Expense: $5,436
  • Water Sewer Expense: $0
  • Total Expenses: $63,804
Tax / Assessment Info
  • Tax Block: 94
  • Tax Tract Number: 1
  • Tax Lot: 25
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • 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: $1,223
  • Unit Type Total Rent: $14,677
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 623 East Broadway

DateEvent & SourcePriceAppreciation
Dec 3, 2025

Sold

CRMLS #PW25236421

$1,300,000—
Dec 3, 2025

Sold

CLAW #PW25236421MR

$1,300,000—
Nov 24, 2025

Pending

CRMLS #PW25236421

—
Nov 24, 2025

Sold (Public Record)

Public Record #1921397471

$1,300,000

+2.4% / yr

Nov 20, 2025

Pending

CLAW #PW25236421MR

—
Oct 9, 2025

Listed (Active)

CRMLS #PW25236421

$1,500,000—
Oct 9, 2025

Listed (Active)

CLAW #PW25236421MR

$1,500,000—
Jul 31, 2014

Sold

CRMLS #PW13221492

$995,000—
Jul 31, 2014

Sold

CLAW #PW13221492MR

$995,000—
Jul 24, 2014

Sold (Public Record)

Public Record #421154389

$995,000

+2.5% / yr

Apr 9, 2014

Pending

CLAW #PW13221492MR

—
Apr 9, 2014

Pending

CRMLS #PW13221492

—
Oct 31, 2013

Listed (Active)

CLAW #PW13221492MR

$1,100,000—
Oct 31, 2013

Listed (Active)

CRMLS #PW13221492

$1,100,000—
Jun 8, 2013

Withdrawn / Cancelled

CRMLS #P845394

$1,100,000—
Jun 8, 2013

Withdrawn / Cancelled

CLAW #P845394MR

—
Jan 11, 2013

Listed (Active)

CRMLS #P845394

$1,100,000—
Jan 11, 2013

Listed (Active)

CLAW #P845394MR

$1,100,000—
Jan 8, 2013

Expired

CRMLS #P486779

$1,300,000—
Jan 8, 2013

Expired

CRMLS #P530862

$1,150,000—
Jan 7, 2013

Expired

CRMLS #P508542

$1,250,000—
Jan 5, 2013

Expired

CRMLS #P395010

$1,500,000—
Jan 5, 2013

Expired

CRMLS #P416441

$1,390,000—
Nov 9, 2006

Expired

CLAW #P530862MR

—
Aug 9, 2006

Listed (Active)

CRMLS #CC220254

$1,150,000—
Aug 9, 2006

Listed (Active)

CRMLS #P530862

$1,150,000—
Aug 9, 2006

Listed (Active)

CLAW #P530862MR

$1,150,000—
Jul 24, 2006

Expired

CLAW #P508542MR

—
Apr 24, 2006

Listed (Active)

CLAW #P508542MR

$1,250,000—
Apr 24, 2006

Listed (Active)

CRMLS #CC219604

$1,250,000—
Apr 24, 2006

Listed (Active)

CRMLS #P508542

$1,250,000—
Mar 29, 2006

Expired

CLAW #P486779MR

—
Dec 29, 2005

Listed (Active)

CRMLS #CC218721

$1,300,000—
Dec 29, 2005

Listed (Active)

CRMLS #P486779

$1,300,000—
Dec 29, 2005

Listed (Active)

CLAW #P486779MR

$1,300,000—
Nov 14, 2004

Expired

CLAW #P416441MR

—
Sep 14, 2004

Listed (Active)

CRMLS #P416441

$1,390,000—
Sep 14, 2004

Listed (Active)

CRMLS #CC216218

$1,390,000—
Sep 14, 2004

Listed (Active)

CLAW #P416441MR

$1,390,000—
Aug 28, 2004

Expired

CLAW #P395010MR

—
May 28, 2004

Listed (Active)

CRMLS #P395010

$1,500,000—
May 28, 2004

Listed (Active)

CRMLS #CC215415

$1,500,000—
May 28, 2004

Listed (Active)

CLAW #P395010MR

$1,500,000—
Apr 7, 2004

Sold (Public Record)

Public Record #132229763

$775,000—
Mar 30, 2004

Sold

CRMLS #CC214507

$775,000—
Mar 30, 2004

Sold

CLAW #P375337MR

$775,000—
Mar 30, 2004

Sold

CRMLS #P375337

$775,000—
Jan 26, 2004

Pending

CLAW #P375337MR

—
Jan 26, 2004

Pending

CRMLS #P375337

—
Jan 20, 2004

Listed (Active)

CLAW #P375337MR

$725,000—
Jan 20, 2004

Listed (Active)

CRMLS #CC214507

$725,000—
Jan 20, 2004

Listed (Active)

CRMLS #P375337

$725,000—
DateEvent & SourcePrice
12/03/2025

Sold

CRMLS #PW25236421

$1,300,000
12/03/2025

Sold

CLAW #PW25236421MR

$1,300,000
11/24/2025

Pending

CRMLS #PW25236421

—
11/24/2025

Sold (Public Record)

Public Record #1921397471

$1,300,000

+2.4% / yr

11/20/2025

Pending

CLAW #PW25236421MR

—
10/09/2025

Listed (Active)

CRMLS #PW25236421

$1,500,000
10/09/2025

Listed (Active)

CLAW #PW25236421MR

$1,500,000
07/31/2014

Sold

CRMLS #PW13221492

$995,000
07/31/2014

Sold

CLAW #PW13221492MR

$995,000
07/24/2014

Sold (Public Record)

Public Record #421154389

$995,000

+2.5% / yr

04/09/2014

Pending

CLAW #PW13221492MR

—
04/09/2014

Pending

CRMLS #PW13221492

—
10/31/2013

Listed (Active)

CLAW #PW13221492MR

$1,100,000
10/31/2013

Listed (Active)

CRMLS #PW13221492

$1,100,000
06/08/2013

Withdrawn / Cancelled

CRMLS #P845394

$1,100,000
06/08/2013

Withdrawn / Cancelled

CLAW #P845394MR

—
01/11/2013

Listed (Active)

CRMLS #P845394

$1,100,000
01/11/2013

Listed (Active)

CLAW #P845394MR

$1,100,000
01/08/2013

Expired

CRMLS #P486779

$1,300,000
01/08/2013

Expired

CRMLS #P530862

$1,150,000
01/07/2013

Expired

CRMLS #P508542

$1,250,000
01/05/2013

Expired

CRMLS #P395010

$1,500,000
01/05/2013

Expired

CRMLS #P416441

$1,390,000
11/09/2006

Expired

CLAW #P530862MR

—
08/09/2006

Listed (Active)

CRMLS #CC220254

$1,150,000
08/09/2006

Listed (Active)

CRMLS #P530862

$1,150,000
08/09/2006

Listed (Active)

CLAW #P530862MR

$1,150,000
07/24/2006

Expired

CLAW #P508542MR

—
04/24/2006

Listed (Active)

CLAW #P508542MR

$1,250,000
04/24/2006

Listed (Active)

CRMLS #CC219604

$1,250,000
04/24/2006

Listed (Active)

CRMLS #P508542

$1,250,000
03/29/2006

Expired

CLAW #P486779MR

—
12/29/2005

Listed (Active)

CRMLS #CC218721

$1,300,000
12/29/2005

Listed (Active)

CRMLS #P486779

$1,300,000
12/29/2005

Listed (Active)

CLAW #P486779MR

$1,300,000
11/14/2004

Expired

CLAW #P416441MR

—
09/14/2004

Listed (Active)

CRMLS #P416441

$1,390,000
09/14/2004

Listed (Active)

CRMLS #CC216218

$1,390,000
09/14/2004

Listed (Active)

CLAW #P416441MR

$1,390,000
08/28/2004

Expired

CLAW #P395010MR

—
05/28/2004

Listed (Active)

CRMLS #P395010

$1,500,000
05/28/2004

Listed (Active)

CRMLS #CC215415

$1,500,000
05/28/2004

Listed (Active)

CLAW #P395010MR

$1,500,000
04/07/2004

Sold (Public Record)

Public Record #132229763

$775,000
03/30/2004

Sold

CRMLS #CC214507

$775,000
03/30/2004

Sold

CLAW #P375337MR

$775,000
03/30/2004

Sold

CRMLS #P375337

$775,000
01/26/2004

Pending

CLAW #P375337MR

—
01/26/2004

Pending

CRMLS #P375337

—
01/20/2004

Listed (Active)

CLAW #P375337MR

$725,000
01/20/2004

Listed (Active)

CRMLS #CC214507

$725,000
01/20/2004

Listed (Active)

CRMLS #P375337

$725,000

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

Public Records for 623 East Broadway

Taxable ValueLand$240,367Additions$956,667Total$1,197,034
Tax Record2025$17,422 ($1,452 / month)
Home Facts
Total Finished SqFt5,020 SqFtAbove Grade Finished SqFt5,020 SqFtLot Size3,308 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBPD30CountyLOS ANGELESAPN7281-014-017

Schools near 623 East Broadway

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Stevenson Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

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.