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Residential Income - 2500 2506 E Spaulding Street, Long Beach, CA

$4,995,000

2500 2506 E Spaulding Street, Long Beach, CA

MLS# PW26223076

2500 2506 E Spaulding Street, Long Beach, CA 90804 - $4,995,000 · Multi-Family Home for Sale, photo 1 2500 2506 E Spaulding Street, Long Beach, CA 90804 - $4,995,000 · Multi-Family Home for Sale, photo 2 2500 2506 E Spaulding Street, Long Beach, CA 90804 - $4,995,000 · Multi-Family Home for Sale, photo 3 2500 2506 E Spaulding Street, Long Beach, CA 90804 - $4,995,000 · Multi-Family Home for Sale, photo 4 2500 2506 E Spaulding Street, Long Beach, CA 90804 - $4,995,000 · Multi-Family Home for Sale, photo 5
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Description

2500-06 East Spaulding Street is an updated 18-unit apartment property in Zaferia, a largely built-out submarket of East Long Beach. Built in 1962, the two-building, 14,866-square-foot property is offered at $4,995,000, or $277,500 per unit and $336 per square foot. All 18 units are updated two-bedroom, one-bath floor plans, and the building has fresh two-tone exterior paint and a central courtyard. In-place rents of $37,871 per month carry a 6.2% capitalization rate on $307,432 of net operating income, and the $40,500 per month the unit mix supports at market takes net operating income to $333,657 and the return to 6.7%. Eight enclosed garages, eight open parking spaces and two onsite laundry rooms give the building amenity depth uncommon at this size. RUBS, parking and pet income add $1,790 per month in ancillary revenue. Each unit is individually metered for electricity, giving residents direct control over utility costs and holding the owner-paid expense load down. Gated keypad access adds security and supports longterm tenant retention. Interiors feature stainless steel appliances, wood-look plank flooring, and ceiling fans, finishes that support durable occupancy and continued rent growth in one of Long Beach’s most walkable neighborhoods.

Property details

Year built
1962
Property type
Residential Income
Lot size
12,950 sqft

Location

2500 2506 E Spaulding Street • Long Beach, CA 90804

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Listing Agent

Christopher Walker

DRE #: 01905338

Brokerage: Triqor Group

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CRMLS

MLS# PW26223076

Listed: 10/14/2026 5:57 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/14/2026 1:09 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Triqor Group

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Advertising Broker: Nalren Corp (CA DRE #02423715)

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Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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