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  • 477 E South Street

477 E South Street, Long Beach, CA 90805

$3,990,000 Approx. USD 8 beds, 4 baths
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Photo of Robert Gabhart

Robert Gabhart REALTOR® - Broker Associate 619-980-8561 m
619-980-8561 o
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com Text Me
Call My Cell
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Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
 San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


Jeff Kim
Lic#: 01959539
Broker: Courtesy of eXp Realty of California, Inc.
Phone: 619-948-3112

Co Listing Agent


Jessica Appley
Broker: Courtesy of eXp Realty of California, Inc.
Phone: 619-450-1879

Agent Remarks

Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# PTP2407021
Price: $3,990,000
HOA Fee is $0.00
Beds: 8
Baths: 4
2 stories
0.24 acres
County: Los Angeles
Zoning: Assessor

Last Updated: 11/2/2025

 Days On Market (DOM): 639

 Find more Long Beach homes and real estate

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Lat/Long: 33.860324, -118.186673.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Robert Gabhart

Robert Gabhart REALTOR® - Broker Associate 619-980-8561 m
619-980-8561 o
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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