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Listed by: Erik Ransdell (714) 392-6380 DRE #02077589 | Erik Michael Ransdell, Broker (714) 392-6380
$2,400,000
Monthly Est:$11,946
18 Beds
10 Baths
7,876sqft
1005 E Harding St, Long Beach, CA 90805
$2,400,000
$11,946/moEst:
Get Pre-Approved
Apartment
Built in 1947
$-- HOA
8,415 sqft lot
$305/sq.ft
Description
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.
- Houzeo last checked: 9 minutes ago
- Listing updated: October 8, 2026 at 8:47 pm
- Source: California Regional MLS-CA | MLS#: PW26180082
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1947
HOA Fees
-
Finished Area
7,876 sqft
Lot Size
8,415 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26180082
MLS Status
Pending
Days on Market
52
Cumulative Days on Market
50
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 10
Interior
Sewer
Public Sewer
Heating
Electric
Utilities & Energy
Pool Features
None
Laundry Features
Common Area
Water Source
Public
Other Features
Community Features
Gutters, Street Lights, Suburban, Sidewalks
Lot Features
Zero To One Unit Acre, Corner Lot
Subdivision Name
North Long Beach (nlb)
Price History
| Date | Event | Price |
|---|---|---|
10/08/2026 Source: | Contingent (Active Under Contract) | $2,400,000 $305/sqft |
10/08/2026 Source: | Pending | $2,400,000 $305/sqft |
08/17/2026 Source: | Listed for Sale | $2,400,000 $305/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 10:15AM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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