Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW26036911
MLS Source
California Regional MLS
Days on Site
20
Parking, School, and Other Information
Garage/Parking
Garage: 25 Car(s)
Contact Information
Listing Agent
Jackson Jorgensen
Younglewin Advisors, Inc.
License #: 02022727
Phone: (626) 399-2415
Co-Listing Agent
Shane Young
License #: 01963090
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1075 E South is a Residential Income in Long Beach, CA 90805. This – square foot property sits on a 12,552 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,500,000 and was built in 1987. This address can also be written as 1075 E South, Long Beach, CA 90805.
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This listing information is up-to-date as of February 23, 2026. For the most current information, please contact Jackson Jorgensen, (626) 399-2415
