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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 : ResidentialIncome

Price : $1,729,000

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

  • Building Information

    Year Built: 1921
    Building Area Total: 3576
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 0.09 Lot Size Acres: 0.09 Lot Size Source: Assessor Lot Size Square Feet: 3,920 Lot Description: Street Level

    Property Information

    Subdivision: Other Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 105

  • Listing Price Information

    Listing Price: $1729000
    Original Price: $1749000
    Cash, Cash to New Loan, Conventional, 1031 Exchange

  • Tax Information

    Parcel Number: 7265002030 Tax Lot: 6 Tax Block: 96

  • Parking Information

    Parking Total: 2

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Cross Streets of East Broadway & Bonito Avenue WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/22/2026 @ 04:01

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

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