$1,500,000 - 623 E Broadway, Long Beach
- 1Baths
- 0.08Acres
Long Beach Home Sale
623 E Broadway St presents an excellent opportunity to acquire a 12-unit multifamily property in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, and the Long Beach Convention Center. The property features 12 studio units totaling approximately 5,020 square feet on a 3,308 square foot lot. Priced at just $125,000 per unit and $299 per square foot, this asset offers a highly attractive cost of entry in one of Long Beach’s strongest rental markets. With a 6.92% current CAP rate and 8.50 GRM, the property provides strong in-place income, while market rents support a 11.74% pro forma CAP rate and 5.94 GRM, offering clear potential for increased returns. Located in a highly walkable area surrounded by shops, restaurants, and major transit lines, 623 E Broadway St combines steady cash flow with exceptional long-term upside in a prime urban corridor.
Sales Agent
- Sam Smith
- San Clemente Realtor ®
- Phone: 949-204-5110
- Cell: 949-204-5110
- Contact Agent Now
Amenities
- PoolNone
Additional Information
- Date ListedOctober 9th, 2025
- Days on Market42
- Short SaleN
- RE / Bank OwnedN
Essential Information
- MLS® #PW25236421
- Price$1,500,000
- Bathrooms1.00
- Acres0.08
- Year Built1923
- TypeResidential Income
- Sub-TypeMixed Use
- StatusClosed
- Listing AgentWoody Stahl
- Listing OfficeLyon Stahl Investment Real Est
Exterior
- Lot DescriptionElevenToFifteenUnitsAcre
Community Information
- Address623 E Broadway
- Area4 - Downtown Area, Alamitos Beach
- SubdivisionDowntown (DT)
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
Interior
- # of Stories2
Price Change History for 623 E Broadway, Long Beach, (MLS® #PW25236421)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Pending (from Active) | – | – |
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Similar Neighborhoods to "" in Long Beach, California
Back to ResultsN/a
- City:
- Long Beach
- Price Range:
- $1,312,000 - $2,499,000
- Current Listings:
- 2
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Belmont Shore (bsd)
- City:
- Long Beach
- Price Range:
- $999,900 - $5,750,000
- Current Listings:
- 22
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
- City:
- Long Beach
- Price Range:
- $525,000 - $6,995,000
- Current Listings:
- 91
- HOA Dues:
- $0
- Average Price per Square Foot:
- $443
Based on information from California Regional Multiple Listing Service, Inc. as of April 18th, 2026 at 1:56pm PDT. 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, 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.