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Multifamily

536 St Louis Ave

536 St Louis Ave, Long Beach, CA 90814

Listing Price: $2,545,000

Cap Rate
5.46%
Number of Units
8
GRM
12.12
Price/Unit
$318,125
Price/Gross SF
$410.62
Gross SF
6,198

Investment Overview

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 536 Saint Louis Avenue, 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 is willing to upgrade electrical panels to comply with insurance (Please inquire with listing agent for more information).

536 Saint Louis Avenue offers residents garage and open space parking which can be separately monetized for additional income. Other amenities include on-site laundry (owned) and secured gated access.

A new owner will have the opportunity to convert the existing garages into two, 400 square foot one-bedroom ADUs. Please reach out to the listing agent for more information. In addition, investors can achieve further rental upside through the modernizing the apartment interiors and by possibly adding enclosed patios to all the ground level units. This will help elevate 536 Saint Louis Avenue and yield investors a substantial monthly premium. In addition, an investor can utilize an open area at the rear of the building by converting it into a private yard for the three-bedroom unit.

Investment Highlights

  • Attractive Mix of Two & Three-Bedroom Floor Plans
  • Gated Access, Security Doors, & Dual-Pane Windows
  • On-Site Laundry Facility
  • Garage & Surface Parking: 8 Total Spaces
  • Within Walking Distance of Retro Row, a Lively Corridor of Long Beach's Most Unique & Vibrant Shops & Restaurants
  • Just over 1.25 Miles from Downtown Long Beach, Placing Residents Moments from the City's Cultural & Financial Hub
  • Within a 1.50-Mile Radius of All Three Levels of Education
  • Close Proximity to Long Beach's Most Popular Destinations Including Alamitos Beach, Junipero Beach, & Belmont Shore's 2nd Street

Exclusively Listed By

Financing By

Multifamily

536 St Louis Ave

Listing Price: $2,545,000

Cap Rate
5.46%
Number of Units
8
GRM
12.12
Price/Unit
$318,125
Price/Gross SF
$410.62
Gross SF
6,198

Investment Highlights

  • Attractive Mix of Two & Three-Bedroom Floor Plans
  • Gated Access, Security Doors, & Dual-Pane Windows
  • On-Site Laundry Facility
  • Garage & Surface Parking: 8 Total Spaces
  • Within Walking Distance of Retro Row, a Lively Corridor of Long Beach's Most Unique & Vibrant Shops & Restaurants
  • Just over 1.25 Miles from Downtown Long Beach, Placing Residents Moments from the City's Cultural & Financial Hub
  • Within a 1.50-Mile Radius of All Three Levels of Education
  • Close Proximity to Long Beach's Most Popular Destinations Including Alamitos Beach, Junipero Beach, & Belmont Shore's 2nd Street

Investment Overview

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 536 Saint Louis Avenue, 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 is willing to upgrade electrical panels to comply with insurance (Please inquire with listing agent for more information). 536 Saint Louis Avenue offers residents garage and open space parking which can be separately monetized for additional income. Other amenities include on-site laundry (owned) and secured gated access. A new owner will have the opportunity to convert the existing garages into two, 400 square foot one-bedroom ADUs. Please reach out to the listing agent for more information. In addition, investors can achieve further rental upside through the modernizing the apartment interiors and by possibly adding enclosed patios to all the ground level units. This will help elevate 536 Saint Louis Avenue and yield investors a substantial monthly premium. In addition, an investor can utilize an open area at the rear of the building by converting it into a private yard for the three-bedroom unit.

Exclusively Listed By

Financing By

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