1119 St Louis Avenue

Long Beach, CA 90804

$1,595,000
Price
—
Beds
10
Baths
3,909 Sq. Ft.
$408 / Sq. Ft.
3,909
Sq. Ft.
$408
per Sq. Ft.

Description

1119 St. Louis Avenue is a 10-unit apartment asset in Long Beach, California. The property is offered at only $159,500 per unit with 6.09% cap rate and 9.37 GRM on current rents. The property is comprised of 10 bungalow-style studio units in a secured access building. Seven units have been remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features, and in-unit washers and dryers....1119 St. Louis Avenue is a 10-unit apartment asset in Long Beach, California. The property is offered at only $159,500 per unit with 6.09% cap rate and 9.37 GRM on current rents. The property is comprised of 10 bungalow-style studio units in a secured access building. Seven units have been remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features, and in-unit washers and dryers. New windows have been installed throughout most units.
  1. Listed by Robert Stepp • DRE #01456379 • Brokerage DRE #01499010 • Keller Williams - Santa Monica • 310-463-2916

Property Details for 1119 St Louis Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3909
Assessor Parcel Number
7261-032-021
Property Attached YN
true

Location

Listing Courtesy of Keller Williams - Santa Monica, Robert Stepp, DRE #01456379
Add your commute
LISTING UPDATED: 04/08/2024 03:44 AM

Property Details for 1119 St Louis Avenue

StatusActive Under Contract
MLS #PW23165898
Days on Market216
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.15 AC / 6,509 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams - Santa Monica, Robert Stepp, DRE #01456379
Add your commute

Building Information for 1119 St Louis Avenue

Stories1Residences-Year Built1923Building Size-Lot Size0.15 AC / 6,509 SF

Payment Calculator

$10,476 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$1,771

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1119 St Louis Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $165,172
  • Gross Scheduled Income: $170,280
  • Net Operating Income: $97,101
  • Gross Multiplier: 9.37
  • Cap Rate: 6.08
Expense Details
  • Operating Expense: $68,071
  • New Taxes Expense: $20,481
  • Gardener Expense: $1,200
  • Fuel Expense: $4,686
  • Licenses Expense: $800
  • Pest Control Expense: $1,000
  • Electric Expense: $11,640
  • Insurance Expense: $4,000
  • Maintenance Expense: $7,000
  • Professional Management Expense: $8,259
  • Other Expense: $3,000
  • Other Expense Description: Reserves
  • Trash Expense: $0
  • Water Sewer Expense: $6,006
  • Total Expenses: $68,071
Tax / Assessment Info
  • Tax Tract Number: 5769
  • Tax Census Tract: 5769.01
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • 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: Eastside
  • Builders Tract Code: Eastside (ES)
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,382
  • Unit Type Total Rent: $13,820
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • 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 1119 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 1119 St Louis Avenue

Taxable ValueLand$964,981Additions$611,154Total$1,576,135
Tax Record2023$21,258 ($1,771 / month)
Home Facts
Total Finished SqFt3,909 SqFtAbove Grade Finished SqFt3,909 SqFtLot Size6,509 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR2NCountyLOS ANGELESAPN7261-032-021

Schools near 1119 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
Willard 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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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams - Santa Monica, Robert Stepp, DRE #01456379

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.