623 E Broadway, Long Beach, CA 90802
FOR SALE

623 E Broadway
Long Beach, CA 90802

East Village
  • Studio
  • 12 Baths
  • 5,020 sqft

$2,250,000

Est. Mortgage $13,336/mo*
Get Pre-Qualified

$2,250,000

Est. Mortgage $13,336/mo*
Get Pre-Qualified
Studio
12 Baths
5,020 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

12 Renovated Non-Rent Controlled units only ~3 blocks away from the Ocean cash flowing at an amazing Current Cap Rate of 6% from day 1 with easily achievable upside to 7.5% Cap Rate on Proforma. Priced at only 187k per unit for a Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) paving a clear way to reach market rents and the 7.5% Proforma Cap Rate in the near future. The property features 12 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Select units have been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers on-site laundry which has been remodeled and generates additional income. Located in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, the Long Beach Convention Center, Aquarium of the Pacific, Queen Mary, and the Beach! Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime coastal urban corridor.

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$448
Listed
29 days ago

Home Details for 623 E Broadway

Interior Features

Beds & Baths
Number of Bathrooms: 12
Dimensions and Layout
Living Area: 5020 Square Feet
Heating & Cooling
Heating: WallHas CoolingAir Conditioning: Ceiling Fan(s)Has HeatingHeating Fuel: Wall
Levels, Entrance, & Accessibility
Levels: Two
View
Has a ViewView: City

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street

Days on Market

Days on Market: 29

Property Information

Year Built
Year Built: 1923
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Price & Status

Price
List Price: $2,250,000Price Per Sqft: $448

Active Status

MLS Status: Active

Location

Direction & Address
City: Long Beach

Agent Information

Listing Agent
Listing ID: 26684117

Building

Building Area
Building Area: 5020 Square Feet

Lot Information

Lot Area: 3306.204 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 26684117
Last check for updates: about 2 hours ago
Listing courtesy of Armin Soleimani DRE # 01846872, (310) 666-2246
Global Platinum Properties, Inc., (424) 394-1030
Julio Ruiz DRE # 01911261, (818) 524-0706
Global Platinum Properties, Inc., (424) 394-1030
Source: CLAW, MLS#26684117
Also Listed on CRMLS.

Price History for 623 E Broadway

DatePriceEventSource
04/08/2026$2,250,000Listed For SaleCLAW #26684117
12/03/2025$1,300,000Sold
CRMLS #PW25236421
11/24/2025$1,500,000PendingCRMLS #PW25236421
10/09/2025$1,500,000Listed For SaleCRMLS #PW25236421
11/16/2019$1,150ListingRemovedAgent Provided
08/21/2019$1,150Listed For RentAgent Provided
05/21/2019$1,000ListingRemovedAgent Provided
05/13/2019$1,000Listed For RentAgent Provided
03/05/2019$1,000ListingRemovedAgent Provided
02/28/2019$1,000Listed For RentAgent Provided
01/21/2019$1,000ListingRemovedAgent Provided
01/09/2019$1,000Listed For RentAgent Provided
11/15/2018$1,000ListingRemovedAgent Provided
07/25/2018$1,000Listed For RentAgent Provided
04/19/2018$1,000ListingRemovedAgent Provided
02/24/2018$1,000Listed For RentAgent Provided
09/23/2017$1,050ListingRemovedAgent Provided
07/25/2017$1,050Listed For RentAgent Provided
06/12/2017$1,050ListingRemovedAgent Provided
05/25/2017$1,050PriceChange
Agent Provided
05/08/2017$1,100Listed For RentAgent Provided
03/16/2016$950ListingRemovedAgent Provided
01/31/2016$950Listed For RentAgent Provided
07/10/2015$950ListingRemovedAgent Provided
07/08/2015$950Listed For RentAgent Provided
05/03/2014$1,100,000ListingRemovedAgent Provided

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6,087
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3
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6,715
350 Tile Ave, Long Beach, CA
0.60
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$1,775,000
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10
5,477
710 E 6th St, Long Beach, CA
0.29
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7,942
285 Cerritos Ave, Long Beach, CA
0.33
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$1,950,000
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8
6,096
1004 E 5th St, Long Beach, CA
0.35
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$2,200,000
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9
7,122
615 Cerritos Ave, Long Beach, CA
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$2,025,000
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8
6,144
1135 E Appleton St, Long Beach, CA
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7,045

Assigned Schools

These are the assigned schools for 623 E Broadway.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

East Village
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Village

At least 2 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say it's walkable to restaurants

  • 100 % Say there are sidewalks

  • 83 % Say it's walkable to grocery stores

  • 83 % Say neighbors are friendly

  • 80 % Say car is needed

  • 67 % Say they plan to stay for at least 5 years

  • 50 % Say kids play outside

  • 50 % Say parking is easy

  • 50 % Say streets are well-lit

  • 50 % Say there's holiday spirit

Learn more about our methodology.
  • Trulia User
    "there are a lot of pet owners who walk their dogs around. they are all super friendly and pick up after their dogs. they love to socialize "
    2
    Flag
  • Trulia User
    "not sure about the community events here. call you if I spelled it up and you are looking to enroll full of my favorite books "
    0
    Flag
  • Trulia User
    "It's well kept, VERY neighborly, and walkable. It's safe! My dog and I LOVE IT, THE PEOPLE, THE SMELL OF FOOD, EVERYTHING!!"
    14
    Flag
  • Trulia User
    "I live in East Village - great neighborhood. There is a feeling of community and the neighbors look out for each other."
    8
    Flag
  • Trulia User
    "I love living in DTLB. I like that everything is a short walk away, plenty of places to eat, things to do, events, and the beach is right there! Most places/restaurants are dog friendly. The downsides for me would definitely be lack of parking in most areas and the unhoused/transient folks sometimes is out of control in some parts. But those things are expected in the downtown area. "
    9
    Flag
  • Trulia User
    "it use to be safe and fun with the seasonal events happening. In 2022, petty crime and random shooting (no hit) and the rise of high crime, businesses having their doors/windows smashed, is sad. I'm glad to finally leave in July."
    0
    Flag
  • Trulia User
    "I have lived in this area for 4 years and love it. Everything is walking distance and convenient. …"
    6
    Flag
  • Trulia User
    "There is an Art Walk every second Sunday. I live in the Art district so there are paintings displayed everywhere. A lot of restaurants and a walk to the grocery store. Unique small businesses. I am 4 blocks away from the beach, pike outlet, Long Beach convention center, and shoreline village. A lot of tourists in the area. The train is a block away. "
    2
    Flag
  • Trulia User
    "Easy access to 710 and 110 fwys. Metro runs through the heart of DTLB. I commute to Beverly Hills, which is awful with traffic. Traveling more than 10 miles to work is a nightmare depending on the destination "
    0
    Flag
  • Trulia User
    "Great diverse and kind neighbors live here. It’s really close to the breach and there are also so many great restaurants near by to enjoy."
    1
    Flag
  • Trulia User
    "The commute is okay. It typically takes me about 15-20 minutes to get to the 405 from where I live, and another 30-40 from there to get to Orange County."
    0
    Flag
  • Trulia User
    "Can be nice, but a lot of homeless people. Although they aren’t aggressive, some have the tendency to flash or be sprawled out across the side walks "
    0
    Flag
  • Martinique B.
    "Dog owners would love the fact that the area's dog friendly. Lots of local dog parks nearby, as well as eateries & bar's. "
    4
    Flag
  • Gifted C. J.
    "The art and the beach make the community special but not much of a unique experience. Over priced and not very peaceful. "
    2
    Flag
  • Sarah C.
    "It’s a perfect urban part of downtown. Walkable stores, bars, restaurants and etc. There’s always something to do and it’s a great neighborhood to live in."
    13
    Flag
  • Amanda A.
    "Not many places for kids to play. Lots of loud, mentally ill homeless. There aren’t many children seen in the area. Mostly young, working adults."
    4
    Flag
  • Lisa
    "The downtown Long Beach Monthly events are unique to its town. It’s easy to fall in love with the monthly Art walk, mon/fri night market, and artisan street fairs"
    1
    Flag
  • Jeromyabailey
    "The homeless population is rampant. Move here with caution. There’s a general feeling of being unsafe and always having to look over your shoulder. "
    2
    Flag
  • Fredfjz
    "is safe but crazy! lots of crazy people and homeless around but safe in the day time, but at night is very sc sketchie."
    1
    Flag
  • Freddy B.
    "It’s perfect to My needs .... and closer To any big streets or a it’s or enter to freeways ..... tráfico It’s like everywhere Heavier on the rush hours but I always fiend the way to easy and fast get sage and fast to My destinations ...!"
    1
    Flag
  • Mona T.
    "Close to freeway lots of lights homeless no parking dirt smells close to stores fast food schools most people polite "
    0
    Flag
  • Brett R.
    "Friendly people. Pet friendly lots of stores and restaurants. Good safe, and quiet You have easy transition and transportation. "
    1
    Flag
  • James L.
    "east village does not extend as far north as 8th street it ends between 4th to 6th street certainly not beyond 90802 zipcode stop fake marketing of apartments as east village when they are not 800 linden ave is not east village "
    3
    Flag
  • Zoe S.
    "Very dog friendly.. only good thing about the area ..parking sucks and over priced. Gentrification at its best "
    1
    Flag
  • Alicia C.
    "In my neighborhood or area, I can walk to downtown Long Beach and there are always events or things going on. Even farmer markets on certain days of the month. Or music events also on certain days of the month. And everything is usually walking distance or if not, a quick and inexpensive Uber or Lyft ride to the events. "
    1
    Flag
  • Alicia C.
    "This isn’t exactly a kid friendly neighborhood since there are a lot of apartments and a busy street with many cars passing by. Also a lot of stray cats. Not sure how close by the local schools are to my complex. "
    0
    Flag
  • Alicia C.
    "My neighborhood is centered in an area where it’s very easy to walk to grocery store, to restaurants, shops, close to the freeways. Very dog friendly. "
    1
    Flag
  • Arpan K.
    "I love this neighborhood cuz I live here and work here. It’s close to everything and people are really nice. I started my band from here. It’s home for NepCali"
    2
    Flag
  • Lucio V.
    "There is a beautiful beach and parks for your kids to play. Try to stay away from North Long Beach. It is not the safest. "
    0
    Flag
  • Rose A.
    "I've lived here for 3 years now. Neighbors are friendly, dog-friendly town, cool restaurants are within walking distance. There's always something to do especially on the weekends! So dynamic and alive, yet chill cause I'm steps away from the beach."
    1
    Flag
  • April D.
    "There"s something always going on. But down the street Broadway/Lime live music. It"s good and the ppl are warm and friendly"
    0
    Flag
  • Alex M.
    "I walk to work in downtown. I am very close to public transportation as well and a major freeway. Nothing is too far."
    0
    Flag
  • Jordannpascallhome
    "There aren’t any close parks by, it’s very annoying because the dog parks are a drive away. Also there’s mostly pavement so the doggos have to walk on the hard floor. "
    0
    Flag
  • Adamjohnames
    "It’s not a good neighborhood to raise kids, they will regularly be exposed to meth use on the streets"
    1
    Flag
  • skitt90
    "Nothing. No one goes outside. Too boring. Neighbors either smoke or drink. All the parks are filled with dirty people and homeless and or just feels dirty. We stay inside. Watch tv. Or travel all the way to San Diego just to do something fun. Kdb is gone and so is Walmart. I’m moving out of California this time next year. Already secured location. "
    2
    Flag
  • Mackenzieralston
    "Constantly see people walking dogs, the only down side is the amount of trash left on the floor for furry friends to get into. "
    0
    Flag

LGBTQ Local Legal Protections

Armin Soleimani, Global Platinum Properties, Inc., (424) 394-1030
Agent Phone: (310) 666-2246
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-05-08 10:21:02 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
623 E Broadway, Long Beach, CA 90802 is a studio, 12 bathroom, 5,020 sqft multi-family built in 1923. 623 E Broadway is located in East Village, Long Beach. This property is currently available for sale and was listed by CLAW on Apr 8, 2026. The MLS # for this home is MLS# 26684117.