$2,450,000
- Beds
- Unknown
- sq ft
- Unknown
1360 Euclid Ave, Long Beach, CA 90804
1360 Euclid Ave
Long Beach, CA 90804
- 109 days on market
- Price drop $200,000↓
**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.
Details
Property type
Apartment
Lot size
6,503 sq ft
Price per sq ft
Unknown
Year built
1923
Price History
03/14/2025

CRMLS #PW24249846
Price change
$2,450,000
-7.55%
12/16/2024

CRMLS #PW24249846
Listed
$2,650,000
Schools & Community
Neighborhood:
Traffic Circle
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs
Community features:
Curbs
Status: Active
Tomo last checked: 04/04/2025 at 2:50 AM
Listing updated: 03/14/2025 at 2:40 PM
Listed by: Cody Charnell, Sage Real Estate Group, Inc. Phone #: (562) 400-7622
MLS: CRMLS #PW24249846

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