$1,375,000
$1,395,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
5 Baths
2,508 Sqft Lot
SOLD DATE : 06/01/2026
Key Details
Sold Price $1,375,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB26075231
Sold Date 06/01/26
Bedrooms 5
Lot Size 2,508 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Seller Financing Available! Steps to the Ocean! Rare opportunity to acquire a coastal 5-unit property in Long Beachs highly desirable Alamitos Beach neighborhood. With seller financing available, investors may be able to acquire the property with approximately $400,000 down, offering attractive leverage in a strong rental market. 1513 E Broadway features a desirable unit mix of (1) 2-bedroom, 2-bath and (4) 1-bedroom, 1-bath units, with walkable coastal living just steps from the ocean. Tenants enjoy proximity to Bixby Park, Retro Row, Belmont Shore, and the vibrant Broadway corridor with popular dining, coffee shops, and boutiques. Convenient access to Downtown Long Beach and major employment centers further enhances long-term investment appeal. Offered at 11.7 GRM and 5.1% Cap Rate, this is an attractive coastal investment opportunity.
Location
State CA
County Los Angeles
Zoning Assessor
Direction E Broadway & Falcon Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7275012040
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, Seller May Carry
Listing Terms Cal Vet, Cash, Conventional, Exchange, Seller May Carry
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