1075 E South, Long Beach, CA 90805

About this property

We are pleased to present 1075 E. South Street, a 1987 constructed 18 unit building to market in the city of Long Beach. The property features an all two bedroom unit mix with units averaging approximately 868 square feet each with balconies in select units. Current operations deliver a strong 6.37% cap rate and a 10.01 GRM based on existing rents, while still offering approximately 20% upside in gross rental income to market. The property has fully gated and secured parking for 25 spaces in addition to three secure storage spaces in the garage area. Attractive market financing options exist that could potentially boost a cash on cash return of 7% with a 30% down payment (buyer to verify). Situated on a quiet residential street in a solid North Long Beach location, the property combines stable current income, future rent growth potential, and a desirable neighborhood setting.

Listing description from the May 2026 sale, as reported to CRMLS.

Sale history

$4,345,000

Sold May 2026 · listed $4,500,000, on market February 2026 · MLS #PW26036911 · Source: CRMLS

Listing Agent: Jackson Jorgensen · Listing Office: Younglewin Advisors, Inc. · Contact: jack@younglewin.com · Bought with: Shane Young · Younglewin Advisors, Inc.

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