1306 E Hellman ST
Long Beach, CA, 90813
$1,547,000
Beds
0 Baths
0 SqFt
0.19 Acres
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MLS #PW26219871 image #0
Outstanding 9-Unit Long Beach Investment Opportunity. Strong Cash Flow, Major Upgrades & Long-Term Upside! Discover this professionally managed and income-producing 9-unit apartment building offering excellent curb appeal, strong investment performance, and future upside in one of Long Beach’s established rental neighborhoods. The property features eight 1 bed/1 bath units and one spacious 3 bed/1 bath unit, offering a total of approximately 4,602 sq/ft of living space on a large 8,233 sq/ft lot. Numerous improvements have been completed throughout the property, including updated and renovated units, with two units redesigned to create a more desirable open concept floor plan. Significant capital improvements include upgrades to the main electrical system and individual unit electrical panels, updated drain lines, and a newer roof redone in 2023. Additionally, four attached garages with possible ADU potential for additional rental income (buyer to verify). Impressive investment performance with an approximately 6.7% cap rate and 8.7 GRM. Whether you’re an experienced investor looking to expand your rental portfolio or exploring the possibility of owner occupancy while generating rental income, this property presents an outstanding opportunity to build long term wealth. Conveniently located near Downtown Long Beach, Belmont Shore, popular restaurants, shopping, entertainment, and transportation options. Enjoy the Southern California coastal lifestyle with Alamitos Beach less than a mile away! With its desirable unit mix, substantial improvements, established rental income, and long-term investment potential, this is an opportunity you won’t want to miss. Add this Long Beach income property to your investment portfolio today!

Property Details

Price:
$1,547,000
MLS #:
PW26219871
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
4downtownareaalamitosbeach
Listed Date:
Oct 13, 2026
Total Sq Ft:
4,602
Lot Size:
8,233 sqft / 0.19 acres (approx)
Year Built:
1922
4 – Downtown Area, Alamitos Beach4downtownareaalamitosbeach

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Schools

Interior

Heating
WL
Laundry Features
NO

Exterior

Common Walls
_2CW
Community Features
SDW, SL
Garage Spaces
4
Parking Spots
4
Parking Total
4

Financial

Maintenance Fee
$36,771
Net Operating Income
$103,597

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Oct 15, 2026
1,087
Single Family Listed
73
Avg DOM
474
Avg $ / SqFt
$1,127,503
Avg List Price

Property Summary

    Located in the Other (OTHR) subdivision, 1306 E Hellman ST Long Beach CA is a Single Family for sale in Long Beach, CA, 90813. It is listed for $1,547,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1922. The average price per square foot for Single Family listings in Long Beach is $474. The average listing price for Single Family in Long Beach is $1,127,503.

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1306 E Hellman ST
Long Beach, CA