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$2,400,000

For Sale

15 hours ago

1005 E Harding Street, Long Beach, CA

Condo

MLS® PW26180082

0 Bed

0 Bath

--

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1947
MLS® Number PW26180082

Property Address: 1005 E Harding Street, Long Beach, CA, 90805

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

Description

Pleased to present 1005 East Harding Street, a well-maintained 10-unit apartment community in Long Beach's desirable North Long Beach submarket. The property features a strong unit mix of three 1-bedroom/1-bath units, six 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit with a fireplace, generating $20, 741 per month in gross scheduled rent with additional income from four garages and on-site laundry. The property is fully all-electric with no gas. Current ownership has invested approximately $200, 000 in capital improvements including updated kitchens, bathrooms, plumbing, laminate flooring in select units, and a completely new electrical system throughout the property — significantly reducing the capital expenditure burden for a new investor. SB 721 balcony inspections have been completed and approved with the City of Long Beach, eliminating a common compliance concern for buyers of properties built before 2000. The property delivers a 6.14% cap rate on current income with a clear path to a 7.03% proforma cap rate through maximum allowable rent increases under AB 1482. This is an investment opportunity for a buyer seeking stable cash flow with built-in upside through strategic management.
MLS® NumberPW26180082
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1947
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 17, 2026List Date
$2,400,000List Price

Home Appraisal

This property is estimated to sell between: $2,400,000 and $3,035,000.
Similar properties in this area sold on average for: $2,823,333
Expected to sell in 78 days. Similar properties sold in 79 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1005 E Harding Street, Long Beach, CA

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