Home | Los Angeles County | Long Beach | 90805 | 1005 E Harding St
MLS: CRPW26180082 | Status: | Price: $2,400,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 8,415 | 1947 |
Pleased to present 1005 East Harding Street, a well-maintained 10-unit apartment community in Long Beach's desirable North Long Beach submarket. The property features a strong unit mix of three 1-bedroom/1-bath units, six 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit with a fireplace, generating $20,741 per month in gross scheduled rent with additional income from four garages and on-site laundry. The property is fully all-electric with no gas. Current ownership has invested approximately $200,000 in capital improvements including updated kitchens, bathrooms, plumbing, laminate flooring in select units, and a completely new electrical system throughout the property — significantly reducing the capital expenditure burden for a new investor. SB 721 balcony inspections have been completed and approved with the City of Long Beach, eliminating a common compliance concern for buyers of properties built before 2000. The property delivers a 6.14% cap rate on current income with a clear path to a 7.03% proforma cap rate through maximum allowable rent increases under AB 1482. This is an investment opportunity for a buyer seeking stable cash flow with built-in upside through strategic management.
| Field | Value |
|---|---|
| MLS # | CRPW26180082 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Heating | Electric |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
| HOA Fee | $0 |
Erik Ransdell
Erik Michael Ransdell, Broker
License #: 02077589
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Jordan High School | public | 9-12 | 0.33 mi | 3 |
| Grant Elementary School | public | K-5 | 0.37 mi | 4 |
| Harte Elementary School | public | K-5 | 0.79 mi | 6 |
| Hamilton Middle School | public | 6-8 | 0.91 mi | 4 |
| Lindbergh Middle School | public | 6-8 | 0.98 mi | 4 |
| Addams Elementary School | public | K-5 | 1.20 mi | 5 |
| Leona Jackson School | public | 6-8 | 1.29 mi | 6 |
| King Elementary School | public | K-5 | 1.32 mi | 4 |
| Powell Academy For Success | public | K-8 | 1.34 mi | 4 |
| Wesley Gaines School | public | K-5 | 1.36 mi | 6 |
| McKinley Elementary School | public | K-5 | 1.49 mi | 6 |
| Barton Elementary School | public | K-5 | 1.51 mi | 4 |
| Frank J. Zamboni School | public | 6-8 | 1.63 mi | 6 |
| Dooley Elementary School | public | K-5 | 1.64 mi | 4 |
| Kelly Elementary School | public | K-8 | 1.72 mi | 8 |
| Lindsey Academy | public | 6-8 | 1.79 mi | 3 |
| Mark Keppel School | public | K-5 | 1.79 mi | 4 |
| Cesar Chavez Continuation High School | public | 9-12 | 1.79 mi | 2 |
| Dominguez High School | public | 9-12 | 1.79 mi | 6 |
| Thurgood Marshall School | public | K-12 | 1.79 mi | 2 |
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This listing information is up-to-date as of August 17, 2026. For the most current information, please contact Erik Ransdell.