Sold for $3,597,000

Listed by: Morgan Skenderian • Doug Rodermund • Contact: 949-251-8800

Bought with: CB Richard Ellis, Inc.

$3,597,000

477 E South St, Long Beach, CA 90805

32beds

16baths

9,840sqft

Multi Family

Built in 1961

-- sqft lot

$-- Zestimate^®

$366/sqft

$3,067 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,067/mo

Zestimate^® history

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$23,102/mo

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What's special

Pleased to present 477 E. South Street near the Bixby Knolls area Long Beach. The 16-unit apartment community is comprised of a desirable unit mix of all 2-Bedroom/1-Bathroom units. The building also offers tenants access to a treelined community courtyard with drought resistant landscaping. There is also a community laundry room for tenants to use. Priced under $250,000/unit the property generates cashflow to a 6.3% CAP Rate on current rents with additional upside for the prudent investor. The community is extremely well located just off Atlantic Avenue restaurants and shops. It also offers easy access to 91, 710, and 405 freeways.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 32
Bathrooms: 16

Appliances

Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 9,840
Total interior livable area: 9,840 sqft

Property

Parking

Total spaces: 12
Parking features: Assigned
Uncovered spaces: 12

Features

Entry location: 1
Pool features: None

Lot

Size: 10,428 Square Feet

Details

Parcel number: 7125032033
Zoning: LBCMR
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1961

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Sidewalks
Subdivision: North Long Beach (Nlb)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $366/sqft
Annual tax amount: $45,615
Date on market: 9/15/2023
Cumulative days on market: 5 days
Listing terms: Cash to New Loan,Conventional,1031 Exchange
Total actual rent: 28303

Price history

Date	Event	Price
11/2/2025	Listing removed	$3,990,000$405/sqft
Source: SDMLS #PTP2407021 Report a problem
6/23/2025	Listed for sale	$3,990,000+10.9%$405/sqft
Source: SDMLS #PTP2407021 Report a problem
12/1/2023	Sold	$3,597,000-5.3%$366/sqft
Source: CRMLS #PW23173500 Report a problem
10/12/2023	Pending sale	$3,800,000$386/sqft
Source: CRMLS #PW23173500 Report a problem
9/15/2023	Listed for sale	$3,800,000$386/sqft
Source: CRMLS #PW23173500 Report a problem
1/30/2017	Listing removed	$1,175+21.1%
Source: Mabry Management Company Inc Report a problem
12/5/2013	Listing removed	$970
Source: Zillow Rental Network Report a problem
12/2/2013	Listed for rent	$970
Source: Zillow Rental Network Report a problem