625 E Broadway, Long Beach, CA 90802
- $2,270,000
- Sold Price
- $2,270,000
- List Price
- $2,300,000
- Closing Date
- Dec 23, 2025
- Status
- CLOSED
- MLS#
- IG25133090
- Year Built
- 1914
- Lot Size
- 5,039
- Acres
- 0.12
- Lot Location
- 11-15 Units/Acre, Near Park, Near Public Transit
- Days on Market
- 101
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
Located in Long Beach’s most walkable and artistic neighborhood, 625 E Broadway is a 12-unit apartment building consisting entirely of spacious 1-bedroom, 1-bath units. The property is individually metered for electricity, features updated Cutler-Hammer breaker systems with a main service disconnect, and spans 6,888 square feet with units ranging from 469 to 680 sq ft. Just blocks from the beach, Metro light rail, and major downtown employers, the location continues to drive strong demand and historically low turnover. Efficient layouts and steady rental fundamentals support both short- and long-term investment strategies. Ownership currently pays for water, gas, sewer, and trash. This asset is ideally positioned for 1031 exchange buyers, yield-focused investors, or long-term holders seeking dependable cash flow in a high-demand market.
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Additional Information
- Taxes
- $20,212
- Appliances
- Dryer, Washer
- Heat
- Ductless
- Cooling
- Yes
- Cooling Description
- Ductless
- Exterior Construction
- Concrete, Stucco
- Roof
- Composition
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $249,720
- Operating Expense
- 51300
Listing courtesy of Listing Agent: Ty Youngblood (tyyoungblood@kw.com) from Listing Office: Keller Williams Realty.
Listing sold by Malcolm Zeger from Buckingham Investments, Inc
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.