USACALong BeachNorth Long Beach (Nlb)1075 E South
1075 E South | Image 1
New
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$4,500,000

2 days ago

1075 E South, Long Beach, CA

Condo

0 Bed

0 Bath

--

25 Parking

MLS® PW26036911

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes $42,391
Days Active 1
Approx. Age 1987
MLS® Number PW26036911

Property Address: 1075 E South, Long Beach, CA, 90805

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

Description

We are pleased to present 1075 E. South Street, a 1987 constructed 18 unit building to market in the city of Long Beach. The property features an all two bedroom unit mix with units averaging approximately 868 square feet each with balconies in select units. Current operations deliver a strong 6.37% cap rate and a 10.01 GRM based on existing rents, while still offering approximately 20% upside in gross rental income to market. The property has fully gated and secured parking for 25 spaces in addition to three secure storage spaces in the garage area. Attractive market financing options exist that could potentially boost a cash on cash return of 7% with a 30% down payment (buyer to verify). Situated on a quiet residential street in a solid North Long Beach location, the property combines stable current income, future rent growth potential, and a desirable neighborhood setting.
MLS® NumberPW26036911
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageYes
Approx. Age1987
Stories3
Pets

Included in Maintenance Fee

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

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 18, 2026List Date
$4,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
1075 E South, Long Beach, CA

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