1377 Warren Avenue, Long Beach, CA 90813

• 4,944 sqft

Property Description

CHEAPEST PRICED LISTING IN ALL OF LONG BEACH. PRICED TO SELL. 8.5 GRM AND 7.3% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.7% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 13% cash on cash return against in-place rents. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Qualified Buyers can put down as little as 25% with excellent bank financing. Additionally, the Long Beach airport is undergoing a $37MM renovation for the upcoming 2028 Olympic Games.

Listing Status:

Active

Date Added:

January 22, 2026

Data Last Updated:

July 5, 2026 at 7:08AM

Listing Office:

The Agency : 424-230-3700

Listing Agent:

Jonathan Swire : 310-948-2631

MLS ID:

CL26640863

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: None

Location

• County: Los Angeles

Lot

• Zoning: LBR2N7268042011