Property Details
About this Property
623 E Broadway St presents an excellent opportunity to acquire a 12-unit multifamily property in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, and the Long Beach Convention Center. The property features 12 studio units totaling approximately 5,020 square feet on a 3,308 square foot lot. Priced at just $125,000 per unit and $299 per square foot, this asset offers a highly attractive cost of entry in one of Long Beach’s strongest rental markets. With a 6.92% current CAP rate and 8.50 GRM, the property provides strong in-place income, while market rents support a 11.74% pro forma CAP rate and 5.94 GRM, offering clear potential for increased returns. Located in a highly walkable area surrounded by shops, restaurants, and major transit lines, 623 E Broadway St combines steady cash flow with exceptional long-term upside in a prime urban corridor.
MLS Listing Information
MLS #
CRPW25236421
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Contact Information
Listing Agent
Woody Stahl
Lyon Stahl Investment Real Est
License #: 01399621
Phone: –
Co-Listing Agent
Brett Lyon
License #: 01717818
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
623 E Broadway is a Residential Income in Long Beach, CA 90802. This – square foot property sits on a 3,308 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,300,000 and was built in 1923. This address can also be written as 623 E Broadway, Long Beach, CA 90802.
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This listing information is up-to-date as of December 04, 2025. For the most current information, please contact Woody Stahl
