714-745-2708

477 E South Street, Long Beach, CA 90805

$3,990,000 Approx. USD 8 beds, 4 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Jeff Kim
Lic#: 01959539
Broker: Courtesy of eXp Realty of California, Inc.
Phone: 619-948-3112

Co Listing Agent

Jessica Appley
Broker: Courtesy of eXp Realty of California, Inc.
Phone: 619-450-1879

Agent Remarks

Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)

Status: ACTIVE

MLS# PTP2407021

Price: $3,990,000

HOA Fee is $0.00

Beds: 8

Baths: 4

2 stories

0.24 acres

County: Los Angeles

Zoning: Assessor

Last Updated: 11/2/2025

Days On Market (DOM): 587

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Lat/Long: 33.860324, -118.186673.
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