Home | Los Angeles County | Long Beach | 90813 | 1208 N Saint Marys Ct
MLS: CROC26095441 | Status: Active | Price: $799,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 3,242 | 1923 |
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 transport
| Field | Value |
|---|---|
| MLS # | CROC26095441 |
| MLS Source | California Regional MLS |
| Days on Site | 9 |
| Feature | Details |
|---|---|
| Appliances | Other, Oven Range - Gas |
| Flooring | Laminate |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Flat |
| Pool | None |
| Style | Mediterranean |
| Feature | Details |
|---|---|
| Garage/Parking | Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
Erik Kaiser
RE/MAX TerraSol
License #: 01111620
Phone: (949) 244-8394
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 880 | – | 0/0 | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2238 Walnut Ave | $799,990 | – | – | – | Contingent |
| 410 E 21st St | $860,000 | – | – | – | Active |
| 1876 Myrtle | $829,000 | – | – | – | Active |
| 3321 E 17th St | $699,000 | – | – | – | Contingent |
| 823 Maine | $800,000 | – | – | – | Active |
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This listing information is up-to-date as of May 04, 2026. For the most current information, please contact Erik Kaiser, (949) 244-8394.