1513 E Broadway Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated payment $8,900/month
Highlights
- 0.06 Acre Lot
- Property is near park and public transit
- Park
- Long Beach Polytechnic High School Rated A
- No HOA
- Laundry Room
About This Home
Seller Financing Available! Steps to the Ocean! Rare opportunity to acquire a coastal 5-unit property in Long Beach’s highly desirable Alamitos Beach neighborhood. With seller financing available, investors may be able to acquire the property with approximately $400,000 down, offering attractive leverage in a strong rental market. 1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal. Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 650-549-4849 License #02116879 Listed on: 04/08/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1914
Lot Details
- 2,508 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2,660 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Additional Features
- Exterior Lighting
- Property is near park and public transit
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 7275012040
- $938 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Units
- Alamitos Beach Subdivision
Recreation
- Park
- Dog Park
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $3,574
- Fuel Expense $1,164
- Insurance Expense $3,990
- Professional Management Expense $5,642
- Trash Expense $2,026
- Water Sewer Expense $1,606
- Operating Expense $43,739
- Gross Income $118,620
- Net Operating Income $71,332
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,432 | $1,298,917 | $844,296 | $454,621 |
| 2024 | $16,680 | $1,273,449 | $827,742 | $445,707 |
| 2023 | $16,394 | $1,248,480 | $811,512 | $436,968 |
| 2022 | $15,384 | $1,224,000 | $795,600 | $428,400 |
| 2021 | $5,434 | $390,584 | $153,866 | $236,718 |
| 2020 | $5,420 | $387,280 | $152,289 | $234,991 |
| 2019 | $5,406 | $379,701 | $149,303 | $230,398 |
| 2018 | $5,208 | $372,271 | $146,376 | $225,895 |
| 2016 | $4,793 | $357,144 | $140,693 | $216,451 |
| 2015 | $4,612 | $351,780 | $138,580 | $213,200 |
| 2014 | $4,604 | $344,890 | $135,866 | $209,024 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/08/2026 04/08/26 | For Sale | $1,395,000 | +16.3% | $524 / Sq Ft | |
| 04/27/2021 04/27/21 | Sold | $1,200,000 | -2.0% | $485 / Sq Ft | View Prior Sale |
| 10/19/2020 10/19/20 | For Sale | $1,225,000 | -- | $495 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26075231
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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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