Long Beach, CA 90804 770 Saint Louis Avenue
$2,800,000
41 more
Presented By: Julio Bonilla with Keller Williams Pacific Estate;
Home Details
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.
Presented By: Julio Bonilla with Keller Williams Pacific Estate;
Interior Features for 770 Saint Louis Avenue
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories2
Other Rooms
Entry Level1
General for 770 Saint Louis Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeMultiTenant
Cap Rate4.73
Carport Y/NNo
CityLong Beach
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Days on Market73
DirectionsExit off E 7th St off the 605 S freeway, then make a right in St Louis St
Garage Y/NNo
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional, Item1031Exchange
Lot Size Square Feet6249.0
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense2520.0
MobileHomeRemainsYNNo
Net Operating Income132603.0
New ConstructionNo
Number of Units Leased10
Occupancy TypeOwner
Operating Expense38493.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubTypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameSaint Louis
Tax Annual Amount13777.0
Tax Year2023
Total Units10
View Y/NNo
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1930
Year Built SourcePublicRecords
ZoningLBR2N
Exterior for 770 Saint Louis Avenue
Building Area Total6261.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1435
Lot Size Area6249.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480