$1,295,888
1651 E South, Long Beach CA 90805
Multi-Family (9 Units)
Property type
1 day
On market
$372
Price per sqft
0 cars
Garage
1954
Year built
5,378 sqft
Lot size
Home highlights
Open Houses
Overview
This property is a must add to any investment portfolio. This 9 units apartment complex consist of a 2 bedrooms & 1 bath stand alone home at the front and the 2nd building consisting of 4 studio units at the bottom floor and 4 more studio units on the 2nd level, offers the buyer a great property with excellent potential to increase income in this high demand market. Rents are...
Listing provided by: Dara Chay DRE #01217793, Sky View Real Estate
Listing updated: Jun 12, 2026 at 08:53am.
Last checked: Jun 12, 2026 at 09:30am
Source: CRMLS #PW26128325
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 0 | 1 | — | $1,000 | $2,000 | $2,800 | Unfurnished |
| 1 | 0 | 1 | — | $980 | $980 | $1,400 | Unfurnished |
| 1 | 0 | 1 | — | $1,300 | $1,300 | $1,400 | Unfurnished |
| 2 | 0 | 1 | — | $1,200 | $2,400 | $2,800 | Unfurnished |
| 1 | 0 | 1 | — | $965 | $965 | $1,400 | Unfurnished |
| 1 | 0 | 1 | — | $970 | $970 | $1,400 | Unfurnished |
| 1 | 2 | 1 | — | $1,205 | $1,205 | $2,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 9
Separate Electric Meters: 9
Separate Gas Meters: 9
Separate Water Meters: 1
Ranges: 9
Rent Control: Yes
Units Leased: 9
Total Actual Rent: $9,820
Tenant Pays: Electricity
Financial Snapshot
Gross Rent Multiplier
11.0x
List Price / Annual Gross Rent
Cap Rate
6.8%
NOI / List Price
Gross Scheduled Income: $117,840
Operating Expense: $29,280
Net Operating Income: $88,560
Annual Operating Expenses
Electric: $5,177
Gardener: $1,560
Insurance: $9,096
Licenses: $892
Maintenance: $4,501
New Taxes: $18,528
Pest Control: $468
Professional Management: $0
Trash: $0
Water / Sewer: $7,586
Interior
Flooring: Vinyl
Cooling: None
Heating: Wall Furnace
Appliances: Gas Range
Fireplace: None
Laundry: Common Area
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Composition, Shingle
Construction Materials: Stucco
Property Condition: Repairs Cosmetic
Exterior: Tv Antenna
Common Walls: Two Common Walls Or More
Lot Features: Near Park, Paved, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Wood
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Paved
Garage Spaces: 0
Uncovered Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7123017001
Additional Parcels: No
Tax Lot: 143
Subdivision: North Long Beach (NLB)
Community
Senior Community: No
Community Features: Curbs, Park
Nearby Schools
Nearby schools around the 1651 E South, Long Beach, CA 90805. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,036,710
Total Interest
$1,322,267
Total Payment
$2,358,977
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,053
per month
Property History for 1651 E South
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90805.
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