1075 E South St

Highlights:

• 1987 construction- rare in the North Long Beach sub market
• All 2 bedroom unit mix- units average 868 square feet each (14) 2 bed/2 bath and 4) 2 bed/1 bath units)
• Strong in place cashflow - 6.37% cap rate and a 10.01 GRM with current rents
• 20% upside in rents to market
• Secure gated ground level garage parking for all units
• Attractive financing options- Over a 7% cash on cash return with interest only financing
• Solid North Long Beach location off of a residential street

Description:

Young Lewin Advisors is pleased to present 1075 E South St, a 1987 constructed 18 unit building to market in the city of Long Beach,

The property features an all two-bedroom unit mix, with units averaging approximately 868 square feet—providing larger than average floor plans with balconies in select units. Current operations deliver a strong 6.37% cap rate and a 10.01 GRM based on existing rents, while still offering approximately 20% upside in gross rental income to market levels that elevate the property to over an 8% cap rate with rents fully to market.

Fully gated and secured Parking is a notable amenity, with ground-level garage parking provided for all units, enhancing tenant demand and long-term retention. The investment profile is further strengthened by attractive financing options, with interest-only financing yielding over a 7% cash-on-cash return.

Situated on a quiet residential street in a solid North Long Beach location, the property combines stable current income, future rent growth potential, and a desirable neighborhood setting—making it an ideal acquisition for investors seeking both yield and long-term appreciation.

North Long Beach

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