536 Saint Louis Ave, Long Beach, CA 90814

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536 Saint Louis Ave Long Beach, CA 90814

$2,355,000

17 Beds
8 Baths
6,198 Sq.Ft.

For Sale

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Map preview of 536 Saint Louis Ave, Long Beach, CA 90814

Property Overview: 536 Saint Louis Ave Long Beach, CA has 17 bedrooms, 8 bathrooms, 6,198 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 536 Saint Louis Avenue is an 8-unit multifamily investment opportunity located in Long Beach, CA. 536 Saint Louis Avenue offers a desirable mix of two and three-bedroom layouts with amenities including gated and secured access, garage and surface parking, and an on-site laundry facility. This property rests on the border of Alamitos Beach, one of Long Beach’s earliest coastal neighborhood developments. At the end of the block is 4th Street’s Retro Row where residents enjoy the vibrancy of independent and vintage shops, entertainment, the Art Theatre and restaurants. Additionally, 536 Saint Louis Avenue’s central location, within two miles of Downtown Long Beach, Alamitos Beach, and Belmont Shore, provides an attractive amenity for renters looking for convenient access to Long Beach’s top destinations. 536 Saint Louis Avenue has undergone significant upgrades to its major systems such as upgraded plumbing, newer roof, new hot water heater and upgraded dual-pane windows to several of the units. Select units contain upgraded quartz or granite counter tops, tile flooring, and more. Ownership will have all electrical panels upgraded by close of escrow.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest

Last checked: 14 minutes ago | Last updated: March 13th, 2024 | Source CRMLS | DOM: 90

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Home details

Lot Sq. Ft: 6,098
HOA Dues: $0/mo
Year built: 1963
Garage: 4 Car
Property Type:: Apartment

Status: Active
MLS#: OC24010357
City: Long Beach
County: Los Angeles
Time on Site: 100 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Electric Meters: 8
# of Gas Meters: 8
# of Water Meters: 1

Unit Breakdown 1

# of Units: 7
# of Beds: 2
# of Baths: 1
Garage Spaces: 3
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $15,105
Total Rent: $15,105
Pro Forma/Market Rent: $16,800

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,399
Total Rent: $2,399
Pro Forma/Market Rent: $2,800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 6%
Gross Rent Multiplier: 11.08
Gross Scheduled Income: $210,048
Net Operating Income: $141,307
Gross Operating Income: $203,747
Vacancy Allowance: $6,301
Other Income 1: $2,427
Other Income Description: Misc

Annual Expense Breakdown

Total Operating Expense: $64,867
Electric: $1,639
Gas/Fuel: $1,639
New Taxes: $29,303
Trash: $1,639
Insurance: $6,000
Maintenance: $4,800
Professional Management: $10,309
Water/Sewer: $1,639
Other Expenses: $7,901
Other Expense Description: OTHER

Open Houses for 536 Saint Louis Ave

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Property Details for 536 Saint Louis Ave

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 8

Lot Information

Lot Features: Landscaped
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: No Common Walls
Total # of Units: 8
Parcel Number: 7262026025
Year Built Source: Assessor
Entry Level: 1
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Eastside (ES)
Directions: Cross Streets: Cherry Ave / E 7th Street

Neighborhood Information

Community Features: Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 536 Saint Louis Ave

Last leased for $1,495 on July 19th, 2018

January, 2024
Jan 17, 2024

Date

Active

CRMLS: OC24010357

$2,650,000

Price
July, 2018
Jul 19, 2018

Date

Leased

CRMLS: SB18169393

$1,495

Price
Jul 14, 2018

Date

Active

CRMLS: SB18169393

$1,495

Price
Listing provided courtesy of CRMLS

Stunning 2BD 1 BA upper unit in the heart of Long Beach's RETRO ROW. Visit the Art Theater at the end of the block and take your pick of delightful coffee shops, delectable restaurants, and diverse shopping options. This is a great location in a revamped vintage 60's gated building with only 8 units. This home sparkles bright with brand new paint throughout, large windows, and wood-like flooring. Kitchen includes granite counters, stove, stainless-steel sink, and plenty of cupboards for storage. Both bedrooms feature large mirrored sliding-door closets and wood-like flooring. Laundry room conveniently located in building. Bring your pet! Dogs and Cats welcome with $100k renters insurance. =NO MONTHLY Pet Rent!= Convenient to Junipero Beach, acclaimed schools including Cal State Long Beach and Polytechnic High, and RETRO ROW's convenient string of stores on nearby 4th St for dining, shopping, and entertainment. Enjoy countless highly-Yelp-reviewed eateries including The HipPea, Wide Eyes Open Palms, Tasty Food To Go, Aji Peruvian, 39 Degrees, and many more! Long Beach also hosts monthly "FOURTH FRIDAYS" bustling with pop up shops, fun, art, and trolley rides. The New York Times says Retro Row is 'the soul of a changing city' so don't wait! Come see your new home NOW!

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April, 2018
Apr 18, 2018

Date

Leased

CRMLS: SB18078894

$1,475

Price
Apr 6, 2018

Date

Active

CRMLS: SB18078894

$1,475

Price
Listing provided courtesy of CRMLS

Stunning 2BD 1 BA upper unit in the heart of Long Beach's RETRO ROW. Visit the Art Theater at the end of the block and take your pick of delightful coffee shops, delectable restaurants, and diverse shopping options. This is a great location in a revamped vintage 60's gated building with only 8 units. This home sparkles bright with brand new paint throughout, large windows, and easy-to-clean tile flooring. Kitchen includes stove, stainless-steel sink, and brand new glass-door cabinets. Both bedrooms feature large sliding-door closets, cozy carpeting, and there is even extra closet space in the hall! Laundry room conveniently located in building. Bring your pet! Dogs and Cats welcome with $100k renters insurance. =NO MONTHLY Pet Rent!= Convenient to Junipero Beach, acclaimed schools including Cal State Long Beach and Polytechnic High, and RETRO ROW's convenient string of stores on nearby 4th St for dining, shopping, and entertainment. Enjoy countless highly-Yelp-reviewed eateries including The HipPea, Wide Eyes Open Palms, Tasty Food To Go, Aji Peruvian, 39 Degrees, and many more! Long Beach also hosts monthly "FOURTH FRIDAYS" bustling with pop up shops, fun, art, and trolley rides. The New York Times says Retro Row is 'the soul of a changing city' so don't wait! Come see your new home NOW!

Continue Reading
April, 2017
Apr 28, 2017

Date

Sold (Public Records)

Public Records

$1,000

Price
July, 2011
Jul 27, 2011

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 536 Saint Louis Ave

Assessed Value (2020): $1,157,681

Year	Land Value	Improved Value	Assessed Value
2020	$490,022	$667,659	$1,157,681

Home Value Compared to the Market

This property vs the competition

536 Saint Louis Ave is listed 194.38% higher than the median list price for the city of Long Beach which has a median list price of $800,000. The median price per/sqft for Long Beach is $633 and this home is listed at $379.96 per/sqft which puts the price per square foot 39.97% lower than the median price per square foot for the city of Long Beach.

About 536 Saint Louis Ave

Detailed summary of property

536 Saint Louis Ave is a apartment located in Long Beach, CA 90814 and is currently for sale. This apartment offers 17 bedrooms, 8 bathrooms, roughly 6,198 living square feet, and sits on an approximately 6,098 square foot lot. 536 Saint Louis Ave was first listed on ArdentRealEstateGroup.com on January 17, 2024. The homeowner is currently asking $2,355,000 and was originally asking $2,650,000. The median priced home in Long Beach is $800,000 with a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 194.38% higher than the median priced home. Local competing homes currently for sale include 1141 E 16th St, 249 Grand Ave and 650 E 15th St. While the average home in Long Beach, CA is selling in 56 days, 536 Saint Louis Ave has a days on market of 90 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 536 Saint Louis Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 536 Saint Louis Ave

Public county record property details

Beds: 17
Baths: 8
Year built: 1963
Sq. Ft.: 6,198
Lot Size: 5,964
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 7262-026-025

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$793,676

Median List Price/Sq.Ft.

$615

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$633

Total Inventory

Median Sale to List Price %

129.91%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (12.5%), Other (37.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.