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1075 E South
For Sale $4,500,000
$4,500,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 12,552 Sq Ft
Description
We are pleased to present 1075 E. South Street, a 1987 constructed 18 unit building to market in the city of Long Beach. The property features an all two bedroom unit mix with units averaging approximately 868 square feet each with balconies in select units. Current operations deliver a strong 6.37% cap rate and a 10.01 GRM based on existing rents, while still offering approximately 20% upside in gross rental income to market. The property has fully gated and secured parking for 25 spaces in addition to three secure storage spaces in the garage area. Attractive market financing options exist that could potentially boost a cash on cash return of 7% with a 30% down payment (buyer to verify). Situated on a quiet residential street in a solid North Long Beach location, the property combines stable current income, future rent growth potential, and a desirable neighborhood setting.
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 | $4,500,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 25 spots |
| Year Built | 1987 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7124027028 |
| MLS # | PW26036911 |
| Property ID | 322606109 |
| Lot Sqft | 12,552 |
| Zoning | Unknown |
| Total Units | 18 |
| Days on Market | 14 |
| Original List Price | $4,500,000 |
| Date Updated | February 23, 2026 |
| Date Created | February 16, 2026 |
Listing Provided By
Jackson Jorgensen an agent of Younglewin Advisors, Inc.. Lic #02022727
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 23, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT