Commercial > Multi-family / Apartments
Active
06/13/2025
List Price
$2,495,000$362/ft²
625 Broadway
Long Beach, CA 90802
- 12Beds
- 12Baths
- 6,888ft²Living Area
- 5,039ft²Lot Size
- -Pool
- -Car
- 1914Year Built
- 46DOM
- 7Permits
625 Broadway, Long Beach, CA 90802 is a 12 bed, 12 bath, 6,888 ft² multi-family/apartments property built in 1914 on a 0.116 acre lot with 7 construction permits. This multi-family/apartments is currently for sale for $2,495,000, and it was last sold in 2004 for $985,000.
MLS Description
The listing agent's description. Original Listing
Prime opportunity in East Village, Long Beach’s most walkable and artistic neighborhood. 625 E Broadway is a well-maintained 12-unit apartment building consisting entirely of 1-bedroom, 1-bathroom units, individually metered for electricity with updated Cutler-Hammer breaker systems and a main service disconnect. The building spans 6,888 square feet with unit sizes ranging from 469 to 680 sq ft.
Three units are currently vacant and rent-ready, allowing investors to realize a 6.49% cap rate and 10.01 GRM immediately upon lease-up — no renovations or turnover required. Even at in-place rents, the property generates a 5.43% cap rate and 11.96 GRM, with clear upside supported by nearby comps and existing tenants.
Located just blocks from the beach, Metro light rail, and major downtown employers, this asset offers low historical turnover, efficient layouts, and strong demand fundamentals. Ownership pays for water, gas, sewer, and trash. Ideal for 1031 exchange buyers, yield-focused investors, or long-term holders seeking stable cash flow and a high-demand location.
Listing Agents
The listing agent for 625 Broadway is Ty Youngblood.
TY
Ty Youngblood
Keller Williams Realty
License: 01381038
Phone: (951) 271-3000
Permits
625 Broadway has 7 permit records.
Permit History
7
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$20,211.89From latest Total Assessed Value1.47%Total Assessed Value$1,374,426=Land+
Assessed Value$536,652Additions
Assessed Value$837,774
In 2024, taxes billed for 625 Broadway were $20,211.89, which is 1.47% from latest Total Assessed Value of $1,374,426.
Property History
625 Broadway has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 625 Broadway
Hazard Risks
Earthquake459Carb Mono130Lead108Air Pollution108Ozone105Particulates103Nat'l Avg100Tornado73Weather36Hurricane15Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 625 Broadway.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
625 Broadway has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Noise Level
55 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 625 Broadway is around 55dBs, which is comparable to a Urban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
47°F
High
66°F
Summer
Average
Low
61°F
High
77°F
In the winter at 625 Broadway, temperatures range from 46.65°F to 65.66°F with an average of 56.16°F. In the summer, the temperature ranges from 61.22°F to 77.22°F with and average of 69.22°F.
School Information
Public/private schools serving 625 Broadway
Public Schools
Franklin Classical Middle School
Grades: 6-8
0.47 mi
B-
Polytechnic High School
Grades: 9-12
1.20 mi
C+
Robert Louis Stevenson Elementary School
Grades: KG-5
0.26 mi
C-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 625 Broadway have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in 625 East Broadway, Long Beach, CA 90802.
Seasonal Housing units 90802
34%of housing is for seasonal rent.
Daytime Population for 90802
+28%of people during work hours.
Crime Index for 90802
184
184
The crime index in 90802 is 184, which is 1.8 times higher than national average.
Market Trends
Historical market data near 625 Broadway over selected time period.
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