Address
1071 N Almond Court, Long Beach, CA
Price
$ 888,000
Property Attributes
- MLS#SB26196998
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Downtown Area, Alamitos Beach
- NeighborhoodAlamitos Beach (AB)
- Zip90813
- Style
- Year Built1928
- Price$ 888,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3221
- Lot Size0.0977 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
We are pleased to present 1071 N Almond Ct, a five-unit apartment building and multi-layered value-add opportunity in a strong Long Beach infill location. The building is 3,221 SF, sits on a 4,257 SF lot, and benefits from a strong unit mix of (3) 2 Bed/1 Bath and (2) 1 Bed/1 Bath units. At $177,600/unit and $275.69/SF — both well below comp averages — the offering represents an attractive entry basis in a tightly held submarket. At a 3.5% CAP rate and 15.8 GRM on current in-place rents, this offering carries roughly 125% in rent upside, which would impute a 10.1% Market CAP and 7.0 Market GRM on stabilized market rents. Four units are occupied at rents well below market; the rear unit will be delivered vacant and requires full renovation. Further, the building benefits from efficient lot coverage, with a detached rear garage presenting a potential ADU conversion candidate and a second garage ADU opportunity once the rear building is renovated (buyer to verify). In addition, the property scores 93 on Walk Score and sits roughly three miles from the Port of Long Beach, which supports an estimated one in five jobs citywide. Demand is further supported by Anduril's $1 billion Douglas Park campus and its roughly 5,500 projected jobs. Full build-out of highest and best use is modeled at a 16.1% unlevered IRR over a 7-year hold. See OM for details. Offered as-is, where-is; buyer to verify zoning, rebuild rights, and ADU eligibility with the City of Long Beach.
| Price History | |
|---|---|
| 9/9/2026 | Listed $888,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Garage Spaces | 2 |
| Pool Features | None |
| Year Built | 1928 |
| Tenant Pays | Electricity,Gas |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Apartment |
| Gross Income | 56280 |
| Community Features | Curbs,Street Lights,Sidewalks |
| County | Los Angeles |
| Net Operating Income | 30841 |
| Operating Expense | 23751 |
| Insurance Expense | 4026 |
| New Construction | false |
| Property Type | Residential Income |
| Contingency | Please send offers with all supporting documentation to Josh.Barut@LyonStahl.com |
| MaintenanceExpense | 2251 |
| Subdivision Name | Alamitos Beach (AB) |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Major cross streets: 11th & Orange Ave |
| City | Long Beach |
| Entry Location | Front & Rear |
| Senior Community Y/N | false |
| Number Of Units Total | 5 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4257 |
| Listing Terms | Cash,1031 Exchange |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Trash Expense | 1000 |
| Water Sewer Expense | 3000 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | true |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Lot | 9 |
| Property Sub Type Additional | Apartment |
| Taxes | 10660 |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 2 |
|---|---|
| Common Walls | No Common Walls |
| Laundry Features | None |
| Entry Level | 1 |
Exterior Features
| Lot Features | 0-1 Unit/Acre |
|---|---|
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 4257 |
| Number of Buildings | 2 |
| Building Area Total | 3221 |
| Lot Size Acres | 0.0977 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 5 |
| Number of Separate Electric Meters | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90813
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 20, 2026 1:10 PM UTC 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.
