E Broadway, Long Beach, California 90802
Listed By Keller Williams Realty
The Commercial Property for Sale located at Long Beach, California 90802 is currently for sale. Long Beach, California 90802 is listed for $2,495,000. If the property located at Long Beach, California 90802 isn't what you're looking for, visit https://haussmannrealty.xomio.com to see other Commercial Properties for Sale in Long Beach .
Date Updated : Jun 14, 2025
MLS#: 374582776
$2,495,000 USD
- Minimum sellable space
640 m² (6,888 ft²)
Property features
Construction details
- Year built: 1914
- Roofing: Composition
Area
- Property size:
640 m² (6,888 ft²) - Land/Lot size:
468 m² (5,039 ft²)
Description
Prime opportunity in East Village, Long Beach’s most walkable and artistic neighborhood. 625 E Broadway is a well-maintained 12-unit apartment building consisting entirely of 1-bedroom, 1-bathroom units, individually metered for electricity with updated Cutler-Hammer breaker systems and a main service disconnect. The building spans 6,888 square feet with unit sizes ranging from 469 to 680 sq ft. Three units are currently vacant and rent-ready, allowing investors to realize a 6.49% cap rate and 10.01 GRM immediately upon lease-up — no renovations or turnover required. Even at in-place rents, the property generates a 5.43% cap rate and 11.96 GRM, with clear upside supported by nearby comps and existing tenants. Located just blocks from the beach, Metro light rail, and major downtown employers, this asset offers low historical turnover, efficient layouts, and strong demand fundamentals. Ownership pays for water, gas, sewer, and trash. Ideal for 1031 exchange buyers, yield-focused investors, or long-term holders seeking stable cash flow and a high-demand location.
Location
Listing Contact: 951-751-1994
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