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477 E South Street
Long Beach CA 90805 US

$3,990,000

Active Listing ID PTP2407021
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28 bed
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Lot: 10,429.00 Square Feet
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Other

$3,990,000

Active Listing ID PTP2407021
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477 E South Street Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

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Property Features

  • Facts
  • Lot Size: 10,429.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Community Features Included: Curbs, Sidewalks, Urban, Level

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3990000
  • unparsedaddress: 477 E South Street
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90805
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.239416896235078
  • lotsizeunits: Square Feet
  • lotsizearea: 10429
  • livingarea: 9840
  • livingareaunits: Square Feet
  • listagentfullname: Jeff Kim
  • listagentemail: Jeff@kimrealtygroup.com
  • listagentkey: 3yd-MRMLSCA-813017
  • listagentmlsid: 813017
  • listagentpreferredphone: 8885849427
  • listagentofficephone: 8885849427
  • listofficekey: 3yd-MRMLSCA-87594
  • listagentstatelicense: 01959539
  • listofficemlsid: 87594
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1961
  • listingcontractdate: 2024-11-14
  • listagenturl: https://www.exprealty.com
  • countyorparish: Los Angeles
  • parcelnumber: 7125032033
  • numberofunitstotal: 16
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 12
  • waterfrontyn: False
  • exteriorfeatures: Community Features Included: Curbs, Sidewalks, Urban, Level
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty of California, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Jeff@kimrealtygroup.com", "ListBrokerageCity":"San Ramon", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Listhub@exprealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"eXp Realty of California, Inc.", "ListBrokeragePhone":"(888) 584-9427", "ListBrokeragePostalCode":"94583", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"2603 Camino Ramon", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"2603 Camino Ramon Suite 200", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"811773", "ListOfficeCity":"San Ramon", "ListOfficeCountry":"US", "ListOfficeEmail":"deborah.penny@exprealty.net", "ListOfficePostalCode":"94583", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Long Beach, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/477-E-South-St_Long-Beach_CA_90805_M14360-84351?f=listhub&s=MRMLSCA&m=PTP2407021&c=rexren", "MLSModificationTimestamp":"2024-11-13T16:00:00Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/14/2025 11:11:21 PM GMT
Source Updated Date: 2/21/2025 6:51:39 AM GMT

Courtesy of: Jeff Kim, eXp Realty of California, Inc., Jeff@kimrealtygroup.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.