2500 2506 E Spaulding Street

Property Overview

2500-06 East Spaulding Street is an updated 18-unit apartment property in Zaferia, a largely built-out submarket of East Long Beach. Built in 1962, the two-building, 14,866-square-foot property is offered at $4,995,000, or $277,500 per unit and $336 per square foot. All 18 units are updated two-bedroom, one-bath floor plans, and the building has fresh two-tone exterior paint and a central courtyard. In-place rents of $37,871 per month carry a 6.2% capitalization rate on $307,432 of net operating income, and the $40,500 per month the unit mix supports at market takes net operating income to $333,657 and the return to 6.7%. Eight enclosed garages, eight open parking spaces and two onsite laundry rooms give the building amenity depth uncommon at this size. RUBS, parking and pet income add $1,790 per month in ancillary revenue. Each unit is individually metered for electricity, giving residents direct control over utility costs and holding the owner-paid expense load down. Gated keypad access adds security and supports longterm tenant retention. Interiors feature stainless steel appliances, wood-look plank flooring, and ceiling fans, finishes that support durable occupancy and continued rent growth in one of Long Beach’s most walkable neighborhoods.

Home Details

Property type: Residential Income - Apartment
Year built: 1962
Lot size: 12,950 sq ft
Parking: 16 spaces
Garage: 8 spaces
Stories: 2
Days on market: 0
MLS status: Active

Features & Amenities

Pool

None

Lot

Irregular Lot

Community, Schools & Utilities

Utilities

Water: Public
Sewer: PublicSewer

Browse more homes for sale in Long Beach

Location & Neighborhood

Long Beach, CA 90804

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 2500 2506 E Spaulding Street

Property type: Residential Income

The current asking price is $4,995,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2500 2506 E Spaulding Street. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1962. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.