About 1075 E South
We are pleased to present 1075 E. South Street, a 1987 constructed 18 unit building to market in the city of Long Beach. The property features an all two bedroom unit mix with units averaging approximately 868 square feet each with balconies in select units. Current operations deliver a strong 6.37% cap rate and a 10.01 GRM based on existing rents, while still offering approximately 20% upside in gross rental income to market. The property has fully gated and secured parking for 25 spaces in addition to three secure storage spaces in the garage area. Attractive market financing options exist that could potentially boost a cash on cash return of 7% with a 30% down payment (buyer to verify). Situated on a quiet residential street in a solid North Long Beach location, the property combines stable current income, future rent growth potential, and a desirable neighborhood setting.
Features of 1075 E South
| MLS® # | PW26036911 |
|---|---|
| Price | $4,500,000 |
| Sold Price | $4,345,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Lot Sqft | 12,552 |
| Acres | 0.29 |
| Year Built | 1987 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 18 |
Community Information
| Address | 1075 E South |
|---|---|
| Area | 7 - North Long Beach |
| Subdivision | North Long Beach (NLB) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90805 |
Amenities
| Parking Spaces | 25 |
|---|---|
| # of Garages | 25 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Lot Description | Landscaped |
|---|
Additional Information
| Date Listed | February 16th, 2026 |
|---|---|
| Date Sold | May 15th, 2026 |
| Days on Market | 25 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jackson Jorgensen |
|---|---|
| Office | Younglewin Advisors, Inc. |