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$2,250,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 23 hours ago
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12 Renovated Non-Rent Controlled units only ~3 blocks away from the Ocean cash flowing at an amazing Current Cap Rate of 6% from day 1 with easily achievable upside to 7.5% Cap Rate on Proforma. Priced at only 187k per unit for a Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) paving a clear way to reach market rents and the 7.5% Proforma Cap Rate in the near future. The property features 12 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Select units have been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers on-site laundry which has been remodeled and generates additional income. Located in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, the Long Beach Convention Center, Aquarium of the Pacific, Queen Mary, and the Beach! Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime coastal urban corridor.

Full Property Details for 623 E Broadway

General

  • Price: $2,250,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26684117
  • Updated: 4/8/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 12

Additional Information

  • Other Features: None

Parking

  • Garage Description: On street

Location

  • Area: Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Driving Directions: Located Between Los Anlamitos & Atlantic Ave

Heating & Cooling

  • Cooling Type: Ceiling Fan
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Stories/Levels: 0
  • Square Feet: 5,020
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1923
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 12
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 21

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1

Unit 3

  • Total Bathrooms: 1

Unit 4

  • Total Bathrooms: 1

Unit 5

  • Total Bathrooms: 1

Unit 6

  • Total Bathrooms: 1

Unit 7

  • Total Bathrooms: 1

Unit 8

  • Total Bathrooms: 1

Unit 9

  • Total Bathrooms: 1

Unit 10

  • Total Bathrooms: 1

Unit 11

  • Total Bathrooms: 1

Unit 12

  • Total Bathrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.0759
  • Lot Size: 3308
  • Lot Size Source: Vendor Enhanced
  • Zoning: LBPD30

Financial Considerations

  • Price Per Sq. Ft.: $448.21
  • Assessment Year: 1923

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 7281-014-017

Listed by Global Platinum Properties, Inc., Armin Soleimani and Global Platinum Properties, Inc., Julio Ruiz

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Listing agents

— 623 E Broadway —

  • Armin Soleimani

    Global Platinum Properties, Inc.

  • Julio Ruiz

    Global Platinum Properties, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 623 E Broadway

School District:Long Beach Unified School District
NameGradesDistance
Stevenson Elementary School
515 Lime Avenue, Long Beach, CA 90802
K-50.3 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.5 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 623 E Broadway Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/08/2026
Listed
$2,250,000
73.08%
MLS
11/24/2025
Sold
$1,300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 623 E Broadway

Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,646
2%
$1,195,834
4%
2023
$16,336
6%
$1,150,600
2%
2022
$15,356
2%
$1,128,063
2%
2021
$14,995
—
$1,105,968
1%
2020
$14,953
1%
$1,094,641
2%
2019
$14,772
2%
$1,072,002
2%
2018
$14,422
1%
$1,050,983
2%
2017
$14,263
7%
$1,030,376
2%
2016
$13,287
4%
$1,010,173
2%
2015
$12,775
8%
$995,000
11%
2014
$11,864
3%
$898,864
—
2013
$11,513
—
$894,803
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Global Platinum Properties, Inc., Armin Soleimani and Global Platinum Properties, Inc., Julio Ruiz

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623 E Broadway, Long Beach, CA 90802 (MLS# 26684117) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 623 E Broadway is currently listed for $2,250,000 and was received on April 08, 2026. Want to learn more about 623 E Broadway? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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