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1020 E Broadway, Long Beach, CA 90802

  • $2,600,000

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    bed

  • —

    bath

Multi-family for sale 40 days
Movoto is helping 68 homebuyers near you

About 1020 E Broadway

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 3,743 Sqft
Movoto estimate
Parking 3 garage spaces
Rental estimate
Property description
Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyer’s agent to independently verify all property information, rents, expenses, permits, and square footage.
Listed by
Listing Agent - Makoto Ozaki
Listing Agent Contact: 949-662-8805
Listing Office - Person Realty Inc.
Source: CRMLS mls logo
MLS#SB26155227 • last updated 1 month ago
Movoto checked CRMLS for data 6 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.0859
Lot Size (SqFt) 3743
Tax Area 5500
Property Tax 32388
Year Built 1963
Interior
Laundry Common Area
Other Room(s) All Bedrooms Down
Flooring Wood
Appliances Built-In Range, Gas & Electric Range
Exterior
Building Area Square Feet, 3743
# Parking Spaces 3
# Garage Spaces 3
Lot Description 2-5 Units/Acre
Amenities / Utilities
Fireplaces Dining Room, Kitchen, Primary Bedroom, Library, Living Room, Bath, Family Room
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Urban
Subdivision North Long Beach (NLB), North Long Beach (NLB)
Zoning LBR4N
Directions From Alamitos Avenue, Head East On E Broadway. The Property Is Located Between Orange Avenue And Bonito Avenue.
APN 7265002024
Multifamily Details
Vacancy Allowance Rate 7.68
Vacancy Allowance 9400
Laundry Income 793.74
Operating Expense 68257
Cap Rate 2.97
Expense: Insurance 3436
Total Expenses 68257
Expense: Maintenance 9575
Expense: Water/ Sewer 2316
Gross Income 113762
Gross Operating Income 113762
Expense: Electric 1273
Gross Multiplier 12.51
Gross Scheduled Income 122368
Expense: Supplies 185.47
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5/10
Stevenson Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
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  • Long Beach
  • 90802
  • Bixby Park
  • 1020 E Broadway

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/25/2026. 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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