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1208 Saint Marys Court, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Masters
1208 Saint Marys Court,Long Beach, CA 90813
$799,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: erik kaiser
Office: re/max terrasol
MLS#:OC26095441
Source:MLSListings

Price summary

  • Price:$799,000

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 current potential gross annual income is $74,100. This reflects a current Gross Rent Multiplier (GRM) of 10.80 at the current list price and a cap rate of approximately 8.19%. 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 employment centers,...

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Home facts

  • Year built:1923
  • Listing ID #:OC26095441
  • Added:101 day(s) ago
  • Updated:August 19, 2026 at 04:22 PM

Rooms and interior

  • Flooring:Laminate

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Roof:Flat/Low Pitch
  • Year built:1923
  • Lot area:0.07 Acres
  • Lot Features:Mid Block
  • Architectural Style:Mediterranean

Utilities

  • Water:District - Public, Hot Water

Finances and disclosures

  • Price:$799,000

Parking

  • Parking description:Other
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