1208 N Saint Marys Court
Long Beach, CA 90813
4
Bed
5
Bath
3,242Sqft(Lot)
Excellent opportunity to acquire a value-add four-unit investment property in the highly desirable Downtown Long Beach submarket. This multi-unit asset offers strong in-place income with significant upside potential through renovation and rental repositioning. The property is current potential gross annual income is $74,100. This reflects a current Gross Rent Multiplier (GRM) of 10.80 at the current list price and a cap rate of approximately 8.19%. These metrics position the asset as an attractive opportunity for investors seeking both immediate cash flow and long-term appreciation. With strategic improvements, investors have the ability to reposition the asset, increase rents toward market levels, and further enhance overall returns. The property is ideal for investors pursuing a value-ad
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: FlatAppliances: GasRange, GasWaterHeater, WaterHeaterLaundry Features: Outside -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1923Building Area Total: 2144Construction Materials: Frame, StuccoStories: 2Pool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 3242 Lot Size Acres: 0.0744 Lot Size Source: Assessor Lot Size Square Feet: 3,242 Lot Description: CornerLotProperty Information
Subdivision: Saint Mary's Hospital Area Source Property Type: ResidentialIncome Property SubType: Quadruplex Levels: Two Property Age: 103
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Listing Price Information
Listing Price: $799000Cash, SubjectToOther
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Tax Information
Parcel Number: 7274001033 Tax Lot: 24 Tax Block: 4
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Virtual Tour
Parking Information
Concrete
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Utility Information
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: N. of St. Mary's Hospital on N. Saint Mary's Ct. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1060 Cherry #A B, Long Beach, CA, 90813 | $995,000 | 9 | 4 | 2,108 | 2,108 SqFt |
| 1467 Walnut Ave, Long Beach, CA, 90813 | $850,000 | 4 | -- | -- | |
| 1450 Peterson, Long Beach, CA, 90813 | $825,000 | 5 | 2 | -- | |
| 1490 Gundry, Long Beach, CA, 90813 | $999,000 | 5 | 4 | -- | |
| 1111 Walnut, Long Beach, CA, 90813 | $890,000 | 4 | 3 | -- | |
| 932 Walnut, Long Beach, CA, 90813 | $1,050,000 | 8 | 5 | -- | |
| 1224 E 17th Street, Long Beach, CA, 90813 | $1,700,000 | 11 | 6 | -- | |
| 1443 E 7th, Long Beach, CA, 90813 | $975,000 | 4 | 4 | -- | |
| 1780 Lewis, Long Beach, CA, 90813 | $1,900,000 | 10 | 4 | -- | |
| 1136 E Alhambra Court, Long Beach, CA, 90813 | $1,000,000 | 4 | 4 | -- |
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ByOwner last updated this listing 08/12/2026 @ 20:49
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