$4,430,000
PENDING

10355 Long Beach Blvd South Gate, CA 90280

Estimated payment $28,102/month

Total Views 21,299
3 Beds
4 Baths
14,927 Sq Ft
$297 Price per Sq Ft

Highlights

  • 0.48 Acre Lot
  • Corner Lot
  • Laundry Room

About This Home

Pleased to present 10355 Long Beach Boulevard, a rare 30-unit multifamily opportunity with excellent visibility on a corner location of a high-traffic thoroughfare. The property has a Lynwood address but lies in a South Gate neighborhood. The property offers a mix of studio, 1 and 2-bedroom units that perfectly cater to the surrounding tenant base. There is substantial rental upside for a new owner to bring income up to market levels.

The property has recently replaced roof, electrical panels and water heaters. There is ample on-site parking, laundry facilities and gated entry/parking. The property is master-metered for all utilities.

Listing Agent

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 03/20/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $55,375

Year Built

  • Built in 1963

Lot Details

  • 0.48 Acre Lot
  • No Common Walls
  • Corner Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 14,927 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 31 Open Parking Spaces
  • 31 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 5222
  • Assessor Parcel Number 6207024024
  • $6,434 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $16,711
  • Fuel Expense $16,711
  • Gardener Expense $3,861
  • Insurance Expense $9,431
  • Maintenance Expense $7,479
  • Other Expense $1,000
  • Professional Management Expense $13,253
  • Trash Expense $16,711
  • Water Sewer Expense $16,711
  • New Taxes Expense $55,375
  • Operating Expense $168,874
  • Gross Income $6,780
  • Net Operating Income $272,898

Additional Features

  • 30 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$55,375

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.20
  • Price Per Unit: 147667
  • Professional Management Expense: 13253.00
  • Property Attached: No
  • Water Sewer Expenses: 16711.00
  • Zoning: LYC3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3861.00
  • Parcel Number: 6207024024
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 296.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 31.00
  • Uncovered Spaces: 31.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 16711.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20947.00
  • Lot Size Acres: 0.4809

Multi Family

  • Electric Expense: 16711.00
  • Fuel Expense: 16711.00
  • Gross Income: 6780.00
  • Gross Multiplier: 9.73
  • Gross Operating Income: 441772.00
  • Gross Scheduled Income: 455436.00
  • Insurance Expense: 9431.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 6780.00
  • Lot Size Area: 20947.0000 Square Feet
  • Maintenance Expense: 7479.00
  • Net Operating Income: 272898.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 30
  • Operating Expense: 168874.00
  • Other Expense: 1000.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Expenses: 168874.00
  • Vacancy Allowance: 13663

Tax Info

  • New Taxes Expense: 55375.00
  • Tax Census Tract: 5402.01
  • Tax Lot: 21
  • Tax Tract Number: 5222
  • Tax Annual Amount: 55375.00
  • TaxOtherAnnualAssessmentAmount: 6434.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Pending -- -- --
03/20/2025 03/20/25 For Sale $4,430,000 -- $297 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25061322

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County South Gate 90262

10355 Long Beach Blvd, South Gate, CA

This home is located at 10355 Long Beach Blvd, South Gate, CA 90280 and is currently priced at $4,430,000, approximately $296 per square foot. This property was built in 1963. 10355 Long Beach Blvd is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Hosler Middle School, and Lynwood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Doug Rodermund
Listing Agent
Doug Rodermund
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Morgan Skenderian
(213) 329-6675