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1208 N Saint Marys Court, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Discovery
1208 N Saint Marys Court,Long Beach, CA 90813
$799,000
  • - Beds
  • - Baths
  • 2,144 sq. ft.
  • Multi-family
  • Active
Listed by: erik kaiser
Office: re/max terrasol714-536-6529
MLS#:OC26095441
Source:CRMLS

Price summary

  • Price:$799,000
  • Price per sq. ft.:$372.67

About this home

Excellent opportunity to acquire a value-add four-unit investment property in the highly desirable Downtown Long Beach submarket. This multi-unit asset offers strong in-place income with significant upside potential through renovation and rental repositioning. The property is currently generating approximately $58,500 in annual gross income, reflecting a current Gross Rent Multiplier (GRM) of 13.68 at the current list price and a cap rate of approximately 6.24%. These metrics position the asset as an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation. With strategic improvements, investors have the ability to reposition the asset, increase rents toward market levels, and further enhance overall returns. The property is ideal for investors pursuing a value-add strategy, long-term hold, or future refinance scenario. Located in the heart of Downtown Long Beach, the property benefits from strong tenant demand driven by proximity to major...

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Home facts

  • Year built:1923
  • Listing ID #:OC26095441
  • Added:1 day(s) ago
  • Updated:May 03, 2026 at 09:35 PM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Gas Range
  • Living area:2,144 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Flat
  • Year built:1923
  • Building area:2,144 sq. ft.
  • Lot area:0.07 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Mediterranean
  • Construction Materials:Frame, Stucco
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$799,000
  • Price per sq. ft.:$372.67

Features and amenities

  • Laundry features:Outside
  • Amenities:Gas Water Heater, Water Heater

Parking

  • Parking description:Concrete
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