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Sold on 05/16/2025
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1360 Euclid Ave, Long Beach, CA 90804

$2,200,000

Last sold 05/16/2025 after 151 Days

  • —

    bed

  • —

    bath

Multi-family not for sale

About 1360 Euclid Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 6,503 Sqft
Rental estimate
Property description
**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.
Listed by
Listing Agent - Cody Charnell
Listing Agent Contact: 562-896-3851
Listing Office - Sage Real Estate Group, Inc.
Source: CRMLS mls logo
MLS#PW24249846 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1493
Lot Size (SqFt) 6503
Year Built 1923
Interior
Laundry None
Exterior
Building Area Square Feet, 4630
Parking None
Lot Description 11-15 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs
Subdivision Eastside (ES), Eastside (ES)
Zoning LBR2N
Directions North Of Anaheim And East Of Redondo
APN 7253008006
Multifamily Details
Vacancy Allowance Rate 5
Vacancy Allowance 9177
Operating Expense 80073
Cap Rate 3.9
Total Expenses 80073
Gross Operating Income 174363
Gross Multiplier 13.35
Gross Scheduled Income 183540
Rental est.: $1,392/month
Gross rent multiplier: 131.7
  • May 2025
    mls logo MLS # PW24249846
  • May 16, 2025 Sold
    $2,200,000
  • May 2, 2025 Pending
    —
  • Apr 24, 2025 Active
    —
  • Mar 14, 2025 Price Change
    $2,450,000 (-7.5%)
  • Dec 16, 2024 Listed
    $2,650,000 (+120.8%)
  • May 2025
    Public Records
  • May 15, 2025 Sold
    $2,200,000 (-10.2%)
  • Dec 2010
    mls logo MLS # S509144
  • Dec 20, 2010 Sold
    $1,200,000
  • Oct 12, 2007 Listed
    $1,224,000
  • Jan 2008
    Public Records
  • Jan 18, 2008 Sold
    $1,200,000 (-2.0%)
  • Year Property taxes Tax assessment
  • 2024
    $21,175 +1.8%
    $1,546,260
  • 2023
    $20,796 +6.4%
    $1,546,260 +4.04%
  • 2022
    $19,537 +2.2%
    $1,486,256 +2.0%
  • 2021
    $19,119 +0.3%
    $1,457,134
  • 2020
    $19,071
    $1,457,134
  • 1360 Euclid Ave
    $2.2M
  • Bryant School
    $499K +3% y/y
  • 90804
    $449K -7% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
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Source: GreatSchools.org © 2026. All rights reserved.

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