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$2,400,000
PW26180082 MLS
Pleased to present 1005 East Harding Street, a well-maintained 10-unit apartment community in Long Beach's desirable North Long Beach submarket. The property features a strong unit mix of three 1-bedroom/1-bath units, six 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit with a fireplace, generating $20,741 per month in gross scheduled rent with additional income from four garages and on-site laundry. The property is fully all-electric with no gas. Current ownership has invested approximately $200,000 in capital improvements including updated kitchens, bathrooms, plumbing, laminate flooring in select units, and a completely new electrical system throughout the property — significantly reducing the capital expenditure burden for a new investor. SB 721 balcony inspections have been completed and approved with the City of Long Beach, eliminating a common compliance concern for buyers of properties built before 2000. The property delivers a 6.14% cap rate on current income with a clear path to a 7.03% proforma cap rate through maximum allowable rent increases under AB 1482. This is an investment opportunity for a buyer seeking stable cash flow with built-in upside through strategic management.

1005 E Harding Street, Long Beach

Listing courtesy of Listing Agent: Erik Ransdell (erik.ransdell@strandsrealtygroup.com) from Listing Office: Erik Michael Ransdell, Broker.
$299,900
1 Beds ⋅ 1 Baths ⋅ DW26168124 MLS
Completely Remodeled 1 bedroom 1 bath. Designer quality wall covering and interior. Newly renovated kitchen and bathroom. Double pane windows and ceiling fans. On-site laundry. Very desirable area of LONG BEACH Near Pine Avenue; restaurants, shopping and entertainment light rail and free down shuttle. Attractive landscaped courtyard. New carpeting to be installed in next several days. Muat see to appreciate.

815 Pacific Unit 6, Long Beach

Listing courtesy of Listing Agent: Robert May (robertjmay1970@gmail.com) from Listing Office: The Real Estate Store Inc..

Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.