PENDING
$200K PRICE DROP
1360 Euclid Ave Long Beach, CA 90804
Bryant NeighborhoodEstimated payment $16,034/month
Total Views
7,737
1
Bed
2
Baths
4,630
Sq Ft
$529
Price per Sq Ft
About This Home
**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.
Listing Agent
Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,503 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
Interior Spaces
- 4,630 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 6 / 3
- Tax Tract Number 1981
- Assessor Parcel Number 7253008006
- $1,934 per year additional tax assessments
Community Details
Overview
- 13 Units
- Eastside Subdivision
Building Details
- Rent Control
- 14 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Operating Expense $80,073
- Gross Income $174,363
- Net Operating Income $93,629
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 03/14/2025 03/14/25 | Price Changed | $2,450,000 | -7.5% | $529 / Sq Ft |
| 12/16/2024 12/16/24 | For Sale | $2,650,000 | -- | $572 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24249846
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.
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
Nearby Homes
- 3605 E Anaheim St Unit 224
- 3605 E Anaheim St Unit 223
- 1401 Loma Ave
- 1479 Loma Ave
- 1335 Newport Ave
- 1100 Euclid Ave Unit 103
- 1534 Grand Ave
- 1360 Redondo Ave Unit 103
- 1100 Newport Ave Unit 304
- 1080 Euclid Ave
- 1600 Redondo Ave Unit 4
- 1108 Termino Ave
- 3401 E Wilton St Unit 204
- 3401 E Wilton St Unit 104
- 1145 Roswell Ave Unit 8A
- 1407 Obispo Ave
- 3624 E 10th St
- 1075 Coronado Ave
- 1750 Grand Ave Unit 7
- 1752 Grand Ave Unit 6