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Sold on 05/21/2024
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1026 E Broadway, Long Beach, CA 90802

$2,075,000

Last sold 05/21/2024 for $3.12M

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1026 E Broadway

Property type Multi-family
Neighborhood
Year built 1921
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Rental estimate
Property description
Broadway @ Alamitos Beach is comprised of two adjacent apartment buildings with a total of nine units in prime Alamitos Beach. The unit mix consists of eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit. Eight units of the nine units have been renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings. Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting. On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.
Listed by
Listing Agent - Robert Stepp
Listing Agent Contact: 310-463-2916
Listing Office - Keller Williams - Santa Monica
Source: CRMLS mls logo
MLS#PW23182166 • last updated 2 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.2574
Lot Size (SqFt) 11213
Year Built 1921
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 7315
Parking Off Site, Parking Space
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Zoning LBR4R
Directions Cerritos Ave & E Broadway
APN 7265002026
Multifamily Details
Expense: Trash 950
Operating Expense 71363
Cap Rate 5.51
Expense: Insurance 7500
Total Expenses 71363
Expense: Maintenance 4500
Expense: Water/ Sewer 950
Gross Income 236084
Expense: Electric 950
Gross Multiplier 12.42
Gross Scheduled Income 244004
Expense: Fuel 950
Expense: Gardener 2340
$2.07M
Range: $1.3M-$2.84M
Last 30 days 
Rental est.: $1,150/month
Gross rent multiplier: 226.4
  • May 2024
    mls logo MLS # PW23182166
  • May 21, 2024 Sold
    $3,125,000
  • May 17, 2024 Pending
    —
  • Apr 22, 2024 Active
    —
  • Mar 11, 2024 Price Change
    $3,050,000 (-7.4%)
  • Oct 23, 2023 Price Change
    $3,295,000 (-9.1%)
  • Oct 2, 2023 Listed
    $3,625,000 (-12.7%)
  • May 2024
    Public Records
  • May 21, 2024 Sold
    $3,125,000 (+2.5%)
  • Oct 2022
    mls logo MLS # PW22096898
  • Oct 11, 2022 Price Change
    $4,150,000 (-2.4%)
  • Aug 11, 2022 Price Change
    $4,250,000 (+9.0%)
  • May 9, 2022 Listed
    $3,900,000 (+81.4%)
  • Oct 2020
    Public Records
  • Oct 14, 2020 Sold
    $2,150,000
  • Year Property taxes Tax assessment
  • 2024
    $11,301 +1.7%
    $843,659
  • 2023
    $11,108 +6.5%
    $843,659 +2.0%
  • 2022
    $10,434 +2.2%
    $827,118 +4.04%
  • 2021
    $10,212 +101.8%
    $795,000 +120.89%
  • 2020
    $5,060 +4.5%
    $359,913 +2.0%
  • 2018
    $4,842 +1.1%
    $352,857 +4.04%
  • 2017
    $4,791 +7.8%
    $339,157 +2.0%
  • 2016
    $4,444 +3.9%
    $332,508
  • 2015
    $4,276
    —
  • 1026 E Broadway
    $3.12M
  • Bixby Park
    $549K -11% y/y
  • 90802
    $459K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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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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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 10/22/2026. 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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