Ad #7665881
MLS #OC26095441
Excellent opportunity to acquire a value-add four-unit
1208 N Saint Marys Ct, Long Beach, California, 90813
$799,000
4Beds
5Baths
--Sqft
0.074Acres
About this property
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 currently generating approximately $58,500 in annual gross income, reflecting a current Gross Rent Multiplier (GRM) of 13.68 at the current list price and a cap rate of approximately 6.24%. 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.
Property Features
4 Beds
5 Baths
0 Sqft
Built in 1923
0.074 Acres
2 Stories
Siding: Frame, Stucco
Flat Roof
Wall Furnace
Los Angeles County
Other (OTHR) Community
Additional Photos
Contact Information
Erik Kaiser
RE/MAX TERRASOL
714-536-6529
Location
Listing Agent: Erik Kaiser (License #: 01111620) 714-536-6529
Broker: RE/MAX TERRASOL 714-536-6529 Listing Site
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: RE/MAX TERRASOL 714-536-6529 Listing Site
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$799,000
4
Beds
5
Baths
--
Sqft
1208 N Saint Marys Ct, Long Beach, California, 90813
By contacting this agent you agree to these Terms and Conditions.
MLS# OC26095441
Excellent opportunity to acquire a value-add four-unit
$799,000
1208 N Saint Marys Ct, Long Beach, California, 90813
4
Beds
5
Baths
--
Sqft
0.074
Acres
$799,000
1208 N Saint Marys Ct, Long Beach, California, 90813
4 Beds
5 Baths
-- Sqft
0.074 Acres
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 currently generating approximately $58,500 in annual gross income, reflecting a current Gross Rent Multiplier (GRM) of 13.68 at the current list price and a cap rate of approximately 6.24%. 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.
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Property Details
HOME DETAILS
4 Beds
5 Baths
0 Sqft
Built in 1923
0.074 Acres
2 Stories
EXTERIOR
Siding: Frame, Stucco
Flat Roof
INTERIOR
Wall Furnace
FINANCIAL & COMMUNITY
Los Angeles County
Other (OTHR) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7665881
Viewed
74 times
Listing Status
Active
Added
May 03, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
California Regional Multiple Listing Service, Inc
Source Property ID
OC26095441
Listing Agent: Erik Kaiser (License #: 01111620) 714-536-6529
Broker: RE/MAX TERRASOL 714-536-6529 Listing Site
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: RE/MAX TERRASOL 714-536-6529 Listing Site
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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