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1042-1048 E Broadway

Long Beach, CA 90802
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Bed 0

Bed

Bath 0

Bath

SqFt3,576

Sqft

SqFt3,920.40

Sqft(Lot)

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, a valuable amenity in a dense neighborhood where parking is limited. Ownership has completed approximately $60,000 in recent capital improvements, including roof replacements on both buildings in 2025, exterior painting in 2024, upgraded water heaters with two tankless systems in 2022, and a renovated kitchen in Unit 1042. The renovated unit features tile and wood flooring, granite countertops, shaker-style cabinetry, and updated fixtures, achieving the highest rent at the property and demonstrating the potential for interior upgrades to drive additional rental income. Situated in the desirable Alamitos Beach neighborhood, the property is within close proximity to the Long Beach shoreline, Downtown Long Beach, and the East Village Arts District. Residents benefit from convenient access to Retro Row along East 4th Street, as well as the planned Mosaic redevelopment, which is expected to further enhance the surrounding area with new residential, retail, and public space offerings. 1042 - 1048 East Broadway presents investors with the opportunity to acquire a well-located coastal asset with a strong unit mix, recent capital improvements, and demonstrated rental upside within one of Long Beach’s most active rental markets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,749,000

AD Id : 77771606

MLS Id : OC26090983

Lot Size : 3,920.40 Sqft

Living Area Size : 3,576

Year Built : 1921

Garage : 2

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1921 Building Area Total: 3,576
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.09
  • Lot Size Source: Assessor Lot Size Square Feet: 3920.4

  • Listing Price Information

    Original List Price: 1,749,000 Listing Contract Date: 2026-04-27
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7265002030

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: Cross Streets of East Broadway & Bonito Avenue Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach Property SubType: Apartment
  • Building and Construction

    Property Age: 105 Common Walls: No Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: First level Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

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1427 E 4th, Long Beach, CA, 90802 $1,999,000 -- -- 5,065 5,065 SqFt
1250 E 4th, #8, Long Beach, CA, 90802 $280,000 1 1 654 654 SqFt
1060 E 6th Street, Long Beach, CA, 90802 $890,000 2 -- 1,548 1,548 SqFt
1013 E Appleton #1, Long Beach, CA, 90802 $415,000 2 1 862 862 SqFt
930 E 1st Street #2, Long Beach, CA, 90802 $310,000 1 1 557 557 SqFt
140 Lime Avenue #8, Long Beach, CA, 90802 $299,000 1 1 500 500 SqFt

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ByOwner last updated this listing 06/04/2026 @ 11:31

MLS: OC26090983 LISTED BY: Christian Tait, Marcus & Millichap RE Invest 949-419-3200 SOURCE: CRMLS

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