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1005 E Harding Street

Long Beach, CA 90805
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Bed 18

Bed

Bath 10

Bath

SqFt8,415

Sqft(Lot)

Pleased to present 1005 East Harding Street, a well-maintained 10-unit apartment community in Long Beach's desirable North Long Beach submarket. The property features a strong unit mix of three 1-bedroom/1-bath units, six 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit with a fireplace, generating $20,741 per month in gross scheduled rent with additional income from four garages and on-site laundry. The property is fully all-electric with no gas. Current ownership has invested approximately $200,000 in capital improvements including updated kitchens, bathrooms, plumbing, laminate flooring in select units, and a completely new electrical system throughout the property — significantly reducing the capital expenditure burden for a new investor. SB 721 balcony inspections h ave been completed and approved with the City of Long Beach, eliminating a common compliance concern for buyers of properties built before 2000. The property delivers a 6.14% cap rate on current income with a clear path to a 7.03% proforma cap rate through maximum allowable rent increases under AB 1482. This is an investment opportunity for a buyer seeking stable cash flow with built-in upside through strategic management.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,400,000

AD Id : 89632715

MLS Id : PW26180082

Beds : 18

Lot Size : 8,415 Sqft

Year Built : 1947

Garage : 4

County : Los Angeles

Subdivision: Grapeland

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Electric

  • Building Information

    Year Built: 1947
    Building Area Total: 7876
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: Courtyard

  • Lot Information

    Main Square Feet: 8415 Lot Size Acres: 0.1932 Lot Size Source: Assessor Lot Size Square Feet: 8,415 Lot Description: ZeroToOneUnitAcre,CornerLot

    Property Information

    Subdivision: North Long Beach (NLB) Source Property Type: ResidentialIncome Property SubType: Apartment Levels: Two Property Age: 79

  • Listing Price Information

    Listing Price: $2400000
    Cash, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 7115023025 Tax Lot: 17

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Myrtle Ave & Harding St WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5503 5511 Cherry Avenue, Long Beach, CA, 90805 $3,000,000 3 3 --
436 E Market, Long Beach, CA, 90805 $2,195,000 20 10 --

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ByOwner last updated this listing 08/18/2026 @ 14:32

MLS: PW26180082 LISTED BY: Erik Ransdell, Erik Michael Ransdell, Broker 714-392-6380 SOURCE: CRMLS

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