USACALong BeachSaint Mary's Hospital Area1208 N Saint Marys Ct

1208 N Saint Marys Ct, Long Beach, CA

Name: 1208 N Saint Marys Ct, For Sale in Long Beach - eXp Realty
Brand: RE/MAX TerraSol
SKU: OC26095441
Price: 799000 USD

House

For Sale

Listed price in listed location currency (USD).

$799,000

000

MLS® OC26095441

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes

Days Active 3

Lot Size

Approx. Age 1923

MLS® Number OC26095441

Property Address: 1208 N Saint Marys Ct, Long Beach, CA, 90813-3330

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to acquire a value-add four-unit investment property in the highly desirable Downtown Long Beach submarket. This multi-unit asset offers strong in-place income with significant upside potential through renovation and rental repositioning. The property is currently generating approximately $58, 500 in annual gross income, reflecting a current Gross Rent Multiplier (GRM) of 13.68 at the current list price and a cap rate of approximately 6.24%. These metrics position the asset as an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation. With strategic improvements, investors have the ability to reposition the asset, increase rents toward market levels, and further enhance overall returns. The property is ideal for investors pursuing a value-add strategy, long-term hold, or future refinance scenario. Located in the heart of Downtown Long Beach, the property benefits from strong tenant demand driven by proximity to major employment centers, coastal amenities, and a vibrant urban lifestyle. The area is known for its waterfront access, marina, Shoreline Village, The Pike Outlets, and a thriving dining and arts scene, making it a highly desirable location for renters. The property is also well-positioned for public transportation access, with the Metro A Line providing direct connectivity from Downtown Long Beach to Downtown Los Angeles and surrounding areas. Nearby transit hubs and multiple Long Beach Transit bus routes offer convenient local and regional access, enhancing tenant appeal and long-term rental demand. This is a rare opportunity to acquire a centrally located multi-unit property in one of Southern California’s most dynamic coastal markets, offering immediate income with strong upside potential through rental growth and property improvements. Buyer and buyers agent to conduct their own analysis.

MLS® NumberOC26095441

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1923

Basement

DrivewayConcrete

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 3, 2026List Date

$799,000List Price

Commute

Commute

Starting Address

Destination Address

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