770 St Louis Avenue

Long Beach, CA 90804

$2,800,000
Price
—
Beds
6,261 Sq. Ft.
$447 / Sq. Ft.
6,261
Sq. Ft.
$447
per Sq. Ft.

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

Property Details for 770 St Louis Avenue

Parking Spaces Total
4
Total Units
10.0
Business Type
Multi-Tenant
Lot Size Source
Assessor
Building Area Total
6261
Building Area Units
Square Feet
Stories Total
2
Entry Level
1

Location

Listing Courtesy of Keller Williams Pacific Estate, Julio Bonilla, DRE #01281205
Add your commute
LISTING UPDATED: 04/26/2024 04:57 AM

Property Details for 770 St Louis Avenue

StatusActive
MLS #DW24016719
Days on Market74
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

Location

Listing Courtesy of Keller Williams Pacific Estate, Julio Bonilla, DRE #01281205
Add your commute

Building Information for 770 St Louis Avenue

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

Payment Calculator

$16,429 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$1,148

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 770 St Louis Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $171,096
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $132,603
  • Cap Rate: 4.73
Expense Details
  • Operating Expense: $38,493
  • Expense Year: $2,023
  • Building Expenses: $800
  • Insurance Expense: $2,000
  • Maintenance Expense: $2,520
  • Professional Management Expense: $17,109
  • Other Expense: $487
  • Water Sewer Expense: $1,800
  • Real Estate Tax Expense: $13,777
  • Total Expenses: $38,493
Tax / Assessment Info
  • Tax Year: 2023
  • Tax Annual Amount: $13,777
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Cooling: None
  • Heating: Wall Furnace
Exterior Features
  • Construction Materials: Stucco
  • Roof: Shingle
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Land Use: Multi-Family
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,495
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,372
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,074
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,372
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • 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: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,250
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,603
  • Unit Type Type: 6
Unit 8
  • Unit Type Units Total: 1
  • 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: 1
  • 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: 1
  • 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$369,880Additions$594,077Total$963,957
Tax Record2023$13,777 ($1,148 / 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 February 13, 2024 by Keller Williams Pacific Estate, it's currently listed at $2,800,000. 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. 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.