$ 2,300,000
-
$2,300,000
Price -
0
Bed - Bath
-
6,888
SqFt
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About the Listing KKWS02 - KYOUNGTY
Located in Long Beach’s most walkable and artistic neighborhood, 625 E Broadway is a 12-unit apartment building consisting entirely of spacious 1-bedroom, 1-bath units. The property is individually metered for electricity, features updated Cutler-Hammer breaker systems with a main service disconnect, and spans 6,888 square feet with units ranging from 469 to 680 sq ft. Three units are currently vacant and rent-ready, giving investors the ability to achieve a 7.06% cap rate and 9.21 GRM immediately upon lease-up — no renovations or repositioning required. Even at in-place rents, the property produces a 5.28% cap rate and 12.31 GRM, offering both stability and immediate upside. Just blocks from the beach, Metro light rail, and major downtown employers, the location continues to drive strong demand and historically low turnover. Efficient layouts and steady rental fundamentals support both short- and long-term investment strategies. Ownership currently pays for water, gas, sewer, and trash. This asset is ideally positioned for 1031 exchange buyers, yield-focused investors, or long-term holders seeking dependable cash flow in a high-demand market.
Listing Highlights for 625 E Broadway
Status
Active
Days on Site
134
Property Type
Commercial Sale
MLS ®
IG25133090
Year Built
1914
Total Square Footage
6,888
Lot/Acreage
N/A
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Ductless
- Heating: Ductless
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Roof: Composition
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: $20,212
- Taxes w/Assessments: N/A
- Tax/Property ID: 7281014016
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
625 E Broadway Long Beach, CA 90802
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