$1,750,000
UNDER CONTRACT $500K PRICE DROP

Estimated payment $11,332/month

Total Views 2,611
1 Bed
1 Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Gated Community
  • 0.19 Acre Lot
  • Park
  • Long Beach Polytechnic High School Rated A
  • Cooling Available
  • 3-minute walk to Bixby Park

About This Home

Located just blocks from the ocean, 1913 Broadway offers 12 units with incredible upside potential. This charming, well-located property is within walking distance to shops, restaurants, and all that Downtown Long Beach has to offer. With a strong rental market and increasing demand for well-located housing, there's significant potential to increase cash flow through renovations and strategic improvements. Whether you're a seasoned investor or looking to grow your portfolio, this is a rare chance to own a multifamily asset in one of Long Beach's most vibrant and walkable neighborhoods.

Listing Agent

Trey Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #02215641 Listed on: 03/27/2025

eXp Realty of Greater Los Angeles

Co-Listing Agent

Brent Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #01297151

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 8,256 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • No Sprinklers

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Gas Cooktop
  • Urban Location

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 7275019029

Community Details

Recreation

  • Park

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Electric Expense $900
  • Fuel Expense $900
  • Insurance Expense $10,000
  • Water Sewer Expense $14,400
  • Operating Expense $59,987
  • Gross Income $179,819
  • Net Operating Income $104,437

Additional Features

  • 2 Buildings
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.60
  • Property Attached: No
  • Security: Gated Community
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 14400.00
  • Property Type: Residential Income
  • Parcel Number: 7275019029
  • Year Built: 1922
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop, Gas Range
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 8256.00
  • Lot Size Acres: 0.1895

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 900.00
  • Gross Income: 179818.80
  • Gross Scheduled Income: 179818.80
  • Insurance Expense: 10000.00
  • Lot Size Area: 8256.0000 Square Feet
  • Net Operating Income: 104437.37
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Operating Expense: 69986.87
  • Rent Control: No
  • Total Expenses: 59986.87
  • Vacancy Allowance: 3

Tax Info

  • Tax Lot: 7

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
06/02/2025 06/02/25 Price Changed $1,750,000 -12.3% --
05/26/2025 05/26/25 For Sale $1,995,000 0.0% --
04/28/2025 04/28/25 Pending -- -- --
04/23/2025 04/23/25 Off Market $1,995,000 -- --
04/10/2025 04/10/25 Price Changed $1,995,000 -11.3% --
03/27/2025 03/27/25 For Sale $2,250,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-21467

Pasadena-Foothills Association of REALTORS®