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7,876 sqft

$2,400,000

1005 E Harding Street, Long Beach CA, 90805

Price per sqft$304.72
Built in1947
Property size7,876 sqft
Property typeCondominium
Listed by Erik Ransdell CA DRE# 02077589 with Erik Michael Ransdell, Broker 714-392-6380

Overview

Active

Listed Aug 17, 2026

Updated Aug 18

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.

$15,967/mo

Est. mortgage payment based on a $2,400,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26180082

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Garage
Yes
View
Yes
55+/Senior Community
No
MLS provider logo

Listed by Erik Ransdell CA DRE# 02077589 with Erik Michael Ransdell, Broker 714-392-6380

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/18/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/18/2026 at 4:48 AM UTC Last Checked: 4:48 AM UTC

 

 

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