1208 N Saint Marys CT
Long Beach, CA, 90813
$799,000
Beds
0 Baths
0 SqFt
0.07 Acres
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MLS #OC26095441 image #0
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 currently generating approximately $58,500 in annual gross income, reflecting a current Gross Rent Multiplier (GRM) of 13.68 at the current list price and a cap rate of approximately 6.24%. 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-add strategy, long-term hold, or future refinance scenario. Located in the heart of Downtown Long Beach, the property benefits from strong tenant demand driven by proximity to major employment centers, coastal amenities, and a vibrant urban lifestyle. The area is known for its waterfront access, marina, Shoreline Village, The Pike Outlets, and a thriving dining and arts scene, making it a highly desirable location for renters. The property is also well-positioned for public transportation access, with the Metro A Line providing direct connectivity from Downtown Long Beach to Downtown Los Angeles and surrounding areas. Nearby transit hubs and multiple Long Beach Transit bus routes offer convenient local and regional access, enhancing tenant appeal and long-term rental demand. This is a rare opportunity to acquire a centrally located multi-unit property in one of Southern California’s most dynamic coastal markets, offering immediate income with strong upside potential through rental growth and property improvements. Buyer and buyers agent to conduct their own analysis.

Property Details

Price:
$799,000
MLS #:
OC26095441
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
9polyhigh
Listed Date:
May 3, 2026
Total Sq Ft:
2,144
Lot Size:
3,242 sqft / 0.07 acres (approx)
Year Built:
1923
Mediterranean9 – Poly High9polyhighNone

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Schools

Interior

Appliances
GR, GWH, WHC
Cooling
NO
Flooring
LAM
Heating
WL
Laundry Features
OUT
Levels
U

Exterior

Accessibility Features
NO
Architectural Style
MED
Common Walls
_2CW
Community Features
SDW
Construction Materials
STC, FRM
Fencing
POOR
Roof
FLTR
Spa Features
NO
View
NO

Financial

Gross Operating Income
$58,500
Net Operating Income
$40,000

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Jul 05, 2026
777
Single Family Listed
65
Avg DOM
482
Avg $ / SqFt
$1,131,711
Avg List Price

Property Summary

    Located in the Other (OTHR) subdivision, 1208 N Saint Marys CT Long Beach CA is a Single Family for sale in Long Beach, CA, 90813. It is listed for $799,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1923. The average price per square foot for Single Family listings in Long Beach is $482. The average listing price for Single Family in Long Beach is $1,131,711.

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1208 N Saint Marys CT
Long Beach, CA