770 Saint Louis Ave, Long Beach, CA 90804
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770 Saint Louis Ave Long Beach, CA 90804

$2,800,000
  • 6 Beds
  • 10 Baths
  • 6,261 Sq.Ft.
For Sale
$2,800,000 Get Pre-Qualified

Map preview of 770 Saint Louis Ave, Long Beach, CA 90804

Property Overview: 770 Saint Louis Ave Long Beach, CA has 6 bedrooms, 10 bathrooms, 6,261 living square feet and 6,249 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: Nestled in the vibrant heart of Long Beach, this exquisite 1930's apartment complex offers a unique blend of historic elegance and contemporary convenience. Spread across a generous 6,261 square foot lot, the property boasts an impressive 6,247 square feet of living space, thoughtfully divided into 10 distinct units. Each unit in this charming building is a testament to the architectural allure of the early 20th century, with a delightful mix of single and studio apartments. The vintage character is tastefully preserved in the intricate details and classic design, providing a warm and inviting ambiance that is rare in modern apartment living. The structure itself, an apartment house (5+ units) as per its use code, stands as a significant piece of Long Beach's architectural heritage. Despite its age, the building has been meticulously maintained and updated where necessary, ensuring that each unit meets contemporary standards of comfort and convenience, while retaining its historical integrity. Residents of 770 St Louis Ave enjoy the benefits of living in one of Long Beach's most sought-after neighborhoods. The area is renowned for its bustling community, easy access to local amenities, and close proximity to some of the city's best parks, shopping destinations, and dining experiences. This property is not just a residence; it's a piece of Long Beach history. It offers a unique opportunity for investors seeking a property with character, a steady income stream, and a location that is consistently in demand. Whether you're looking to expand your investment portfolio or own a slice of Long Beach's history, 770 St Louis Ave promises to be a valuable and rewarding acquisition.

Listed by Julio Bonilla | BRE #01281205 | Keller Williams Pacific Estate
Last checked: 6 minutes ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 80
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Home details

Lot Sq. Ft
6,249
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
DW24016719
City
Long Beach
County
Los Angeles
Time on Site
79 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
  • # of Leased Units: 10
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,295
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,495
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,074
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,450
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,250
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,671
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,676
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,372
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,372
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,603
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.73%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $171,096
  • Net Operating Income: $132,603
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $38,493
  • Insurance: $2,000
  • Maintenance: $2,520
  • Professional Management: $17,109
  • Water/Sewer: $1,800
  • Other Expenses: $487

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Property Details for 770 Saint Louis Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Shingle
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 10
  • Parcel Number: 7262023018
  • Year Built Source: Public Records
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit off E 7th St off the 605 S freeway, then make a right in St Louis St
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Sale History for 770 Saint Louis Ave

Last sold on January 17th, 1996
  • February, 2024

  • Feb 13, 2024

    Date

    Active

    CRMLS: DW24016719

    $2,800,000

    Price

  • January, 1996

  • Jan 17, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 1991

  • Jul 3, 1991

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 770 Saint Louis Ave

Assessed Value (2020): $917,077
Year Land Value Improved Value Assessed Value
2020 $351,873 $565,204 $917,077

Home Value Compared to the Market

This property vs the competition

770 Saint Louis Ave is listed 250.04% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $447.21 per/sqft which puts the price per square foot 30.56% lower than the median price per square foot for the city of Long Beach.

About 770 Saint Louis Ave

Detailed summary of property

770 Saint Louis Ave is a multi family located in Long Beach, CA 90804 and is currently for sale. This multi family property offers 6 bedrooms, 10 bathrooms, roughly 6,261 living square feet, and sits on an approximately 6,249 square foot lot. 770 Saint Louis Ave was first listed on ArdentRealEstateGroup.com on February 13, 2024. The homeowner is currently asking $2,800,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 250.04% higher than the median priced home. Local competing homes currently for sale include 13017 S Broadway, 7511 Warner Ave and 11627 Fidel Ave. While the average home in Long Beach, CA is selling in 54 days, 770 Saint Louis Ave has a days on market of 80 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 770 Saint Louis Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 770 Saint Louis Ave

Public county record property details
Beds
10
Baths
10
Year built
1930
Sq. Ft.
6,261
Lot Size
6,247
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7262-023-018

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
47
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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Related Resources to 770 Saint Louis Ave

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.