For sale · Pending

1005 E Harding Street

Long Beach, CA 90805

$2,400,000
Lot size0.1932 acres
Property typeApartment
View map ↗

Listing broker / agent: Erik Michael Ransdell, Broker · Erik Ransdell · 714-392-6380 · CRMLS

MLS # PW26180082 · Last checked Oct 20, 2026 01:46 UTC

About this property

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.

Property details

MLS number
PW26180082
Status
Pending
Type
Residential Income
Subtype
Apartment
Lot size
0.1932 acres
County
Los Angeles
Year built
1947
Stories
2
More property detailsExpandCollapse

Listing

Days on market
50

Building

Year built
1947
Year built source
Public Records
Stories
2
Building stories
2
Levels
Two
Entry level
1

Rooms & interior

Heating
Electric
Laundry
Common Area

Exterior & parking

Total parking spaces
4
Garage spaces
4
Pool
None
Lot features
Zero To One Unit Acre, Corner Lot
Lot size source
Assessor
Property outlook
Courtyard

Utilities & community

Water
Public
Sewer
Public Sewer
Community features
Gutters, Street Lights, Suburban, Sidewalks

Fees & lease terms

Association
No
Association fee
$0.00
Explore the area

Nearby public schools

Within 5 miles

Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.

Nearby California public school locations, sorted by distance
School / districtGradesDistance
Grant Elementary Long Beach Unified · Long Beach Not reported 0.4 mi
Jordan High Long Beach Unified · Long Beach 9–12 0.4 mi
Harte Elementary Long Beach Unified · Long Beach K–5 0.8 mi
Hamilton Middle Long Beach Unified · Long Beach 6–8 0.9 mi
Lindbergh STEM Academy Long Beach Unified · Long Beach 6–8 0.9 mi
Addams Elementary (school website, opens in a new tab) Long Beach Unified · Long Beach K–5 1.2 mi
King Elementary Long Beach Unified · Long Beach K–5 1.3 mi
Leona Jackson Paramount Unified · Paramount 6–8 1.3 mi

Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.

Check the California School Directory ↗

Price and tax history

Asking price

Current asking price
$2,400,000
MLS-reported original asking price
$2,400,000
Asking prices observed by this listing service
Observed (UTC)Asking price
Oct 8, 2026 20:53$2,400,000

MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.

Property taxes

Tax history is not available from the imported listing data.

Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.

Local inventory snapshot

Market trends in Long Beach

Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.

Available listings595Current authorized inventory
Median asking price$715,000595 listings with a valid price
Median asking price / sq ft$618.95566 listings with confirmed sq ft
Median days on market31595 listings with MLS-reported days

Observed price activity · past 30 days

Listings with a reduction106
Listings with an increase4

108 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.

Calculated 2026-10-20 02:56 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.

Plan your monthly costs

Payment calculator

Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.

Loan assumptions and ownership costs

Blank costs are excluded, not confirmed to be zero. Get taxes, insurance and HOA estimates for this property; prior-owner taxes may change after purchase. Mortgage insurance depends on your loan—ask your lender.

Enter your rate and costs, then calculate.

Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.

Understanding homeownership costs — CFPB ↗
IDX listing information is provided for consumers’ personal, non-commercial use solely to identify prospective properties they may be interested in purchasing. Information is deemed reliable but is not guaranteed. Verify all information and current availability with the listing broker.