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1042 E Broadway
Long Beach, CA 90802 Downtown Long Beach

$1,749,000 USD

Apartments For Sale  •  3,576 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,576 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1921
  • Cap Rate 4.25 %
  • Zoning LBR4R
60 Transit Score
80 Walk Score

Highlights

Five-unit coastal multifamily asset consisting of four two-bed/one-bath units and one one-bed/one-bath unit
Renovated unit demonstrates rental premium
Recent capital improvements totaling approximately $60,000
Two enclosed garage spaces offering a desirable amenity in the Alamitos Beach neighborhood
Prime Alamitos Beach location
Minutes from Downtown Long Beach & East Village Arts District

Financial Summary (Actual)

Net Operating Income: $74,286 USD (2026)
Cap Rate: 4.25 %
Total Expenses: $41,570 USD

Amenities

  • Laundry Facilities

Public Transportation

Transit/SubwayDriveWalkDistance
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.8 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 17 min 0.9 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 20 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.7 mi
John Wayne/Orange County 33 min - 20.9 mi
Los Angeles International 34 min - 23.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: OneCarGarage
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap