1208 N Saint Marys Ct , Long Beach, CA 90813
$799,000
Est. Payment: $4,020.44/mo
4 Bed
5 Bath
2144 Sqft
Status: active | Days on site: 91
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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 current potential gross annual income is $74,100. This reflects a current Gross Rent Multiplier (GRM) of 10.80 at the current list price and a cap rate of approximately 8.19%. 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 transportation access, with the Metro A Line providing direct connectivity from Downtown Long Beach to Downtown Los Angeles and surrounding areas. Nearby transit hubs and multiple Long Beach Transit bus routes offer convenient local and regional access, enhancing tenant appeal and long-term rental demand. This is a rare opportunity to acquire a centrally located multi-unit property in one of Southern California’s most dynamic coastal markets, offering immediate income with strong upside potential through rental growth and property improvements. Buyer and buyers agent to conduct their own analysis.

Highlights

Listed by Erik Kaiser , 949-244-8394 RE/MAX TerraSol , 714-536-6529. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.07

Year Built

1923

County

Los Angeles

Area

9 - Poly High

Neighborhood

Saint Mary's Hospital Area

Listing ID

OC26095441

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:5
  • Full Bathrooms:
Appliances:Gas Range, Gas Water Heater, Water Heater
Floor:Laminate
Other:Public

Exterior Features

Lot:Corner Lot,No Land Lease
Garage Capacity:0
Roof:Flat
Others:Frame,Stucco,2+ Total Units
Sewer:Public Sewer
Parking Features:Concrete
Principal Interest
$4,020
Taxes
$509

Home Price

$799,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$159,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,020.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,020.44 $509.36 $0.00 $4,529.80
Yearly $48,245.30 $6,112.35 $0.00 $54,357.65
Total $1,447,359.01 $183,370.50 $0.00 $1,630,729.51

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T20:35:47.000Z

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