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405 E Esther St
For Sale $1,925,000 ($452.73 per Sq Ft)
$1,925,000 ($452.73 per Sq Ft)
- 7 Units
- 4,252 Sq Ft
- 6,752 Sq Ft
- Unknown Cap Rate
Description
405 E. Esther Street is a well-maintained, cash-flowing seven-unit multifamily asset located in a desirable Long Beach neighborhood with strong rental demand. The property features a highly attractive unit mix comprised of one (1) spacious 6BD/2BA unit, three (3) 3BD/1BA units, two (2) 2BD/1BA units, and one (1) 1BD/1BA unit. The property also has a driveway with three parking spaces. Fully occupied with long-term, reliable residents, the investment offers immediate, durable income for new ownership while still providing the opportunity to capture significant rental upside through natural turnover and strategic renovations. The property presents an ideal blend of in-place stability and value-add potential in one of Southern California's most consistent and resilient rental markets.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,925,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,252 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7269020023 |
| MLS # | 25630311 |
| Property ID | 291990319 |
| Lot Sqft | 6,752 |
| Zoning | LBPD29 |
| Total Units | 7 |
| Days on Market | 5 |
| Original List Price | $1,925,000 |
| Date Updated | December 22, 2025 |
| Date Created | December 22, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,650 | $1,650 |
| Unit #2 | 6 | 2.00 | $3,630 | $4,000 |
| Unit #3 | 2 | 1.00 | $1,645 | $1,850 |
| Unit #4 | 3 | 1.00 | $2,071 | $2,400 |
| Gross Income (Yr) | $ 168,517 |
| Operating Expenses | $ 46,081 |
| Net Income (Yr) | $ 122,437 |
Listing Provided By
Douglas Steinriede an agent of . Lic #00284936
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Robert Crawford
REAL ESTATE AGENT