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(626) 375-7020 mpaulhomes@gmail.com
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    556 S. Fair Oaks Ave. Suite 101-224
    Pasadena, CA 91105
    (626) 375-7020
    mpaulhomes@gmail.com
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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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

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Home / Long Beach / 1059 Gladys
1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 1059 Gladys Long Beach, CA 90804 View All Photos

$2,295,000

| Active

1059 Gladys

Long Beach, CA 90804

0.15
Acres
0
Days on Market
PW26200874
MLS#
Multi-Family
Type
Duplex/Multi-Unit
Structure
Residential
Zone
Contact
Listing OfficeKeller Williams Realty Downey

1059 Gladys Avenue presents the opportunity to acquire a 12-unit multifamily property in popular Eastside Long Beach. The property offers all 1BD/1BA units (two are renovated) with on-site laundry facilities. Electricity is separately metered, while gas is master-metered with one water heater. The assumable financing is particularly compelling: approximately $1.451 million at a fixed 3.57% interest rate, representing roughly 63% LTV and fully amortizing over the remaining loan term. Annual debt service is ~$78,870. In the current interest-rate environment, this low cost of debt is a significant investment advantage. At the $2.295 million asking price, the property produces approximately $126,809 in current NOI, equating to a 5.53% current cap rate. Because the going-in cap rate is substantially higher than the 3.57% mortgage rate, investors benefit from meaningful positive leverage. After debt service, the property is projected to generate approximately $47,939 in annual pre-tax cash flow, providing a 5.68% current cash-on-cash return on the approximately $844,000 down payment. Eastside Long Beach is a well-established and highly desirable rental neighborhood, offering residents a compelling combination of walkability, affordability and proximity to the city’s coastal lifestyle and major employment centers. The property benefits from a Walk Score of 93 (“Walker’s Paradise”), with numerous shopping, dining and everyday conveniences within a short walk. The neighborhood also provides convenient access to Downtown Long Beach, Belmont Heights, Recreation Park, Colorado Lagoon and the beach, while California State University, Long Beach and Long Beach City College are both within approximately three miles.

Property Details
Lot Features
Eleven To Fifteen Units Acre
Stories
2
Lot Description
Eleven To Fifteen Units Acre
Acres
0.149
Lot Size (sqft)
6502.0
Parking Spaces
0.0
Parking Garage Spaces
0.0
Property Type
Multi-Family
Property Subtype Additional
Mixed Use
Year Built
1923
Sewer Information
Public Sewer
Utility Source
Public
Subdivision
Eastside (ES)
Community Features
Sidewalks
County
Los Angeles
Region
Long Beach
Original List Price
$2,295,000
MLS #
PW26200874
Property Subtype
MixedUse
Parcel Number
7258001019
MLS #
PW26200874
Date Listed
September 14, 2026
Address
1059 Gladys
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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

Provided By
Listed by Robert Stepp (#PSTEPROB)
Listing Office: Keller Williams Realty Downey (#PB18067)

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