Seller's Agent in 2025
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
1 in this area
151 Total Sales
623 E Broadway Long Beach, CA 90802
East Village Neighborhood
--
Bed
1
Bath
5,020
Sq Ft
3,308
Sq Ft Lot
Highlights
- 0.08 Acre Lot
- Laundry Room
- Bike Trail
- Long Beach Polytechnic High School Rated A
About This Home
As of December 2025623 E Broadway St presents an excellent opportunity to acquire a 12-unit multifamily property in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, and the Long Beach Convention Center.
The property features 12 studio units totaling approximately 5,020 square feet on a 3,308 square foot lot. Priced at just $125,000 per unit and $299 per square foot, this asset offers a highly attractive cost of entry in one of Long Beach’s strongest rental markets.
With a 6.92% current CAP rate and 8.50 GRM, the property provides strong in-place income, while market rents support a 11.74% pro forma CAP rate and 5.94 GRM, offering clear potential for increased returns.
Located in a highly walkable area surrounded by shops, restaurants, and major transit lines, 623 E Broadway St combines steady cash flow with exceptional long-term upside in a prime urban corridor.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est Brokerage Email: broker@lyonstahl.com License #01399621 Listed on: 10/09/2025
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: broker@lyonstahl.com License #01717818
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 3,308 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 5,020 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- Unit 1 Bedrooms: 0
- 1 Bathroom
Listing and Financial Details
- Legal Lot and Block 25 / 94
- Tax Tract Number 1
- Assessor Parcel Number 7281014017
- $2,018 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 12 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $11,200
- Maintenance Expense $8,821
- Other Expense $10,236
- Pest Control $540
- Professional Management Expense $8,821
- Trash Expense $5,436
- New Taxes Expense $18,750
- Operating Expense $63,804
- Gross Income $176,424
- Net Operating Income $103,798
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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | Sold | $1,300,000 | -13.3% | $259 / Sq Ft | |
| 11/20/2025 11/20/25 | Pending | -- | -- | -- | |
| 10/09/2025 10/09/25 | For Sale | $1,500,000 | +50.8% | $299 / Sq Ft | |
| 07/31/2014 07/31/14 | Sold | $995,000 | -9.5% | $198 / Sq Ft | View Prior Sale |
| 04/09/2014 04/09/14 | Pending | -- | -- | -- | |
| 10/31/2013 10/31/13 | For Sale | $1,100,000 | -- | $219 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2025
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
2 in this area
142 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2025
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
6,159 Total Sales
-
D
Seller's Agent in 2014
Daryl Ellison
Ellison Realty
-
Anthony Walker
Buyer's Agent in 2014
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
2 in this area
90 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25236421
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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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