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Listed by Christian Tait, DRE #02111248 • Marcus & Millichap RE Invest
$ 1,635,000
Est. payment /mo
Price Dropped by $94K
1042 1048 E Broadway Long Beach, CA 90802
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26090983
Year Built 1921
Source California Regional MLS
Property Description
1042 - 1048 East Broadway is a 5-unit multifamily property located in the Alamitos Beach neighborhood of Long Beach, California. The property features a well-balanced unit mix of 4 two-bed/one-bath units and 1 one-bed/one-bath unit, offering larger floor plans that appeal to a broad tenant base in a coastal urban setting. The asset also benefits from 2 enclosed garage spaces, a valuable amenity in a dense neighborhood where parking is limited. Ownership has completed approximately $60,000 in recent capital improvements, including roof replacements on both buildings in 2025, exterior painting in 2024, upgraded water heaters with two tankless systems in 2022, and a renovated kitchen in Unit 1042. The renovated unit features tile and wood flooring, granite countertops, shaker-style cabinetry, and updated fixtures, achieving the highest rent at the property and demonstrating the potential for interior upgrades to drive additional rental income. Situated in the desirable Alamitos Beach neighborhood, the property is within close proximity to the Long Beach shoreline, Downtown Long Beach, and the East Village Arts District. Residents benefit from convenient access to Retro Row along East 4th Street, as well as the planned Mosaic redevelopment, which is expected to further enhance the su
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Community Facility
Exterior
Garage Spaces 2.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7265002030
Special Listing Condition Not Applicable
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