$1,050,000
-$50,0001202 - 1210 Myrtle, Long Beach CA 90813
Multi-Family (5 Units)
Property type
46 days
On market
$378
Price per sqft
0 cars
Garage
1957
Year built
6,465 sqft
Lot size
Open Houses
Overview
This professionally managed apartment features five 1-bedroom units positioned in a high-convenience Long Beach location with five off-street parking spots for tenant use and a common area laundry room tucked at the rear, providing an opportunity for additional rental income. In close proximity to local dining, grocery stores, and cafes. The location is also ideal for those...
Listing provided by: Takeshi Kida DRE #02096893, Takeshi Kida
Listing updated: May 28, 2026 at 05:00pm.
Last checked: Jun 2, 2026 at 09:30am
Source: CRMLS #SB26081763
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 5 | 1 | 1 | — | $7,675 | $7,675 | $8,250 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.4x
List Price / Annual Gross Rent
Cap Rate
4.95%
NOI / List Price
Gross Scheduled Income: $92,171
Vacancy Allowance: $2,765
Vacancy Allowance Rate: 3%
Operating Expense: $37,384
Net Operating Income: $52,022
Annual Operating Expenses
Electric: $802
Gardener: $960
Fuel: $601
Insurance: $6,017
Maintenance: $6,000
New Taxes: $14,364
Pest Control: $696
Professional Management: $5,364
Trash: $488
Water / Sewer: $1,092
Other Expense: $1,000
Interior
Heating: Wall Furnace
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage and Parking
Parking: Assigned, Uncovered
Garage Spaces: 0
Uncovered Spaces: 5
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7274005009
Additional Parcels: No
Tax Lot: 12
Subdivision: Downtown (DT)
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1202 - 1210 Myrtle, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$840,000
Total Interest
$1,071,374
Total Payment
$1,911,374
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,553
per month
Property History for 1202 - 1210 Myrtle
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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