1075 E South Long Beach, CA ^$ 4,500,000

1075 E South

^$ 4,500,000

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Recently Listed

1075 E South

Long Beach, CA, 90805

^$ 4,500,000

Studio Baths1.0 Sq 15,632

Monthly Estimate*

^$ 27,707

Listed by Younglewin Advisors, Inc.

1075 E South, Long Beach, CA 90805 - Image 1

1075 E South, Long Beach, CA 90805 - Image 2

1075 E South, Long Beach, CA 90805 - Image 3

1075 E South, Long Beach, CA 90805 - Image 4

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Studio

Multi-Family Home for sale in Long Beach, CA

for $4,500,000 with 1 full bath. This 15,632 square foot home was built in 1987 on a lot size of 0.2882.

We are pleased to present 1075 E. South Street, a 1987 constructed 18 unit building to market in the city of Long Beach. The property features an all two bedroom unit mix with units averaging approximately 868 square feet each with balconies in select units. Current operations deliver a strong 6.37% cap rate and a 10.01 GRM based on existing rents, while still offering approximately 20% upside in gross rental income to market. The property has fully gated and secured parking for 25 spaces in addition to three secure storage spaces in the garage area. Attractive market financing options exist that could potentially boost a cash on cash return of 7% with a 30% down payment (buyer to verify). Situated on a quiet residential street in a solid North Long Beach location, the property combines stable current income, future rent growth potential, and a desirable neighborhood setting.

Multi-Family Active

Price

^$ 4,500,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 42,391

Style

Lot Size

0.2882

Year Built

1987

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26036911

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 25

Pool Features None

Year Built 1987

Property Subtype Apartment

Gross Income 449580

Community Features Urban

County Los Angeles

Net Operating Income 286464

Operating Expense 149628

Insurance Expense 0

New Construction false

Property Type Residential Income

Subdivision Name North Long Beach (NLB)

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions Off of South and Lemon

City Long Beach

Entry Location 1

Senior Community Y/N false

Number Of Units Total 18

MLS Area 7 - North Long Beach

Lot Size Units Square Feet

Lot Size Square Feet 12552

Listing Terms Conventional

Property Attached Y/N true

Land Lease Y/N false

Tax Annual Amount 42391

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 30

Property Sub Type Additional Apartment

Interior

Total Stories 3

Common Walls 2+ Common Walls

Laundry Features Common Area

Entry Level 1

Exterior

Lot Features Landscaped

Water Source Public

Total Parking 25

Lot Size Area 12552

Number of Buildings 1

Building Area Total 15632

Lot Size Acres 0.2882

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 18

Number of Separate Electric Meters 18

* Excluded Features

List By

Younglewin Advisors, Inc.

Broker

jack@younglewin.com

Affordability Calculator

$31,240

Per Month

Monthly Principal & Interest: $27,707
Monthly Property Taxes: $3,533
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,771,405

Percent of Sale Price 61%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/18/2026	$4,500,000		Listed Price

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1075 E South, Long Beach, CA, 90805 is a Multi-Family Home for sale at $4,500,000 with 15,632 sqft and a lot size of 0.2882. 1075 E South is a studio with 1.0 baths and was built in 1987. The property's zip code is 90805 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 2/20/2026. 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.

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1075 E South

Multi-Family Home for sale in Long Beach, CA

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