1005 E Harding Street, Long Beach, CA 90805
Local realty services provided by:CENTURY 21 Cornerstone
1005 E Harding Street,Long Beach, CA 90805
$2,400,000
- - Beds
- - Baths
- 7,876 sq. ft.
- Multi-family
- Active
Listed by: erik ransdell
Office: erik michael ransdell, broker714-392-6380
MLS#:PW26180082
Source:CRMLS
Price summary
- Price:$2,400,000
- Price per sq. ft.:$304.72
About this home
Pleased to present 1005 East Harding Street, a well-maintained 10-unit apartment community in Long Beach's desirable North Long Beach submarket. The property features a strong unit mix of three 1-bedroom/1-bath units, six 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit with a fireplace, generating $20,741 per month in gross scheduled rent with additional income from four garages and on-site laundry. The property is fully all-electric with no gas.
Current ownership has invested approximately $200,000 in capital improvements including updated kitchens, bathrooms, plumbing, laminate flooring in select units, and a completely new electrical system throughout the property — significantly reducing the capital expenditure burden for a new investor. SB 721 balcony inspections have been completed and approved with the City of Long Beach, eliminating a common compliance concern for buyers of properties built before 2000.
The property delivers a 6.14% cap rate on current income with a clear path to a 7.03% proforma cap rate through maximum allowable rent increases under AB 1482. This is an investment opportunity for a buyer seeking stable cash flow with built-in upside through strategic management....
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Home facts
- Year built:1947
- Subdivision & Development:North Long Beach (NLB)
- Listing ID #:PW26180082
- Added:1 day(s) ago
- Updated:August 18, 2026 at 11:32 AM
Rooms and interior
- Living area:7,876 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1947
- Building area:7,876 sq. ft.
- Lot area:0.19 Acres
- Lot Features:Corner Lot
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,400,000
- Price per sq. ft.:$304.72
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:4
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