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625 E Broadway Long Beach, CA 90802
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Key Details
Sold Price $2,270,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IG25133090
Sold Date 12/23/25
HOA Y/N No
Year Built 1914
Annual Tax Amount $20,212
Tax Year 2024
Lot Size 5,039 Sqft
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Heating Ductless
Cooling Ductless
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Fence Security
Community Features Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Composition
Building
Lot Description 11-15 Units/Acre, Near Park, Near Public Transit
Story 2
Water Public
Others
Tax ID 7281014016
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Malcolm Zeger Buckingham Investments, Inc
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