1057 Euclid Avenue, Long Beach, CA 90804
Local realty services provided by:CENTURY 21 Jordan-Link
1057 Euclid Avenue,Long Beach, CA 90804
$1,789,000
- 8 Beds
- 6 Baths
- 4,192 sq. ft.
- Multi-family
- Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26829257
Source:CRMLS
Price summary
- Price:$1,789,000
- Price per sq. ft.:$426.77
About this home
6 units in Prime Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located in a great location on the East side, close to the Traffic Circle, Belmont Shores, Park Estates and CSULB. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features an excellent unit mix of 1 and 2 bed units with 4 parking spaces in the front of the building. The exterior and all interiors were heavily updated. Interiors feature new kitchens, baths, flooring, etc. The exterior has new lighting, painting and landscaping. Over $350K was spent. The electric main and sub panels were updated as well and all SB 721 Balcony work has been completed. This property is perfect for an investor looking for a plug and play building with no work to be done. Rents are approximately 12% below market. EARN OVER A 9% CASH ON CASH RETURN AT MARKET RENTS. Qualified Buyers can obtain a new loan fixed at 5.05% for 5 years, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs....
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Home facts
- Year built:1959
- Listing ID #:26829257
- Added:3 day(s) ago
- Updated:May 08, 2026 at 12:32 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
- Living area:4,192 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1959
- Building area:4,192 sq. ft.
- Lot area:0.15 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,789,000
- Price per sq. ft.:$426.77
Parking
- Total parking spaces:4
- Parking description:Assigned
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