$1,749,000
1042-1048 E Broadway, Long Beach CA 90802
Multi-Family (5 Units)
Property type
39 days
On market
$489
Price per sqft
2 cars
Garage
1921
Year built
3,920 sqft
Lot size
Open Houses
Overview
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,...
Listing provided by: Christian Tait DRE #02111248, Marcus & Millichap RE Invest, Tyler Leeson DRE #01451551 949-419-3326, Marcus & Millichap RE Invest
Listing updated: May 22, 2026 at 07:32pm.
Last checked: Jun 5, 2026 at 08:01am
Source: CRMLS #OC26090983
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,850 | $1,850 | $1,950 | Unfurnished |
| 4 | 2 | 1 | — | $7,794 | $7,794 | $9,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
15.1x
List Price / Annual Gross Rent
Cap Rate
4.25%
NOI / List Price
Gross Scheduled Income: $115,728
Vacancy Allowance: $3,472
Vacancy Allowance Rate: 3%
Operating Expense: $41,570
Net Operating Income: $74,286
Annual Operating Expenses
Electric: $1,254
Fuel: $1,253
Insurance: $5,000
Maintenance: $4,500
New Taxes: $22,197
Professional Management: $0
Trash: $1,253
Water / Sewer: $1,253
Interior
Laundry: Common Area
Entry Location: First Level
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Street Level
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7265002030
Additional Parcels: No
Tax Lot: 6
Tax Block: 96
Subdivision: Other
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Gutters, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1042-1048 E Broadway, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,399,200
Total Interest
$1,784,602
Total Payment
$3,183,802
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,816
per month
Property History for 1042-1048 E Broadway
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
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