1513 E Broadway, Long Beach, CA 90802
- $1,375,000
- Sold Price
- $1,375,000
- List Price
- $1,395,000
- Closing Date
- Jun 01, 2026
- Status
- CLOSED
- MLS#
- SB26075231
- Year Built
- 1914
- Lot Size
- 2,508
- Acres
- 0.06
- Lot Location
- 0-1 Unit/Acre, Near Park, Near Public Transit
- Days on Market
- 32
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Alamitos Beach (Ab)
Property Description
Seller Financing Available! Steps to the Ocean! Rare opportunity to acquire a coastal 5-unit property in Long Beach’s highly desirable Alamitos Beach neighborhood. With seller financing available, investors may be able to acquire the property with approximately $400,000 down, offering attractive leverage in a strong rental market. 1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal. Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $118,620
- Operating Expense
- 43739
Listing courtesy of Listing Agent: Christopher Crosby (chris.crosby@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Listing sold by NONE NONE from None MRML
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.