$1,890,000

435 W 11th Street, Long Beach, CA 90813

6,395 sqft

other
Built in 1936
9,583sqft lot
—— car garage
$296/sqft
Listed 11 months ago

Property Description

PRICE REDUCED AND READY TO SELL. Priced at 9.2 GRM and a 7.3% CAP with upside to 8.4 GRM and a 8.3% CAP. 9 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. A new owner can raise rents to market and achieve a 8.4 GRM and 8.3% CAP. Earn over a 11% cash-on-cash return against in place income. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.

Listing Status:: Active
Date Added:: April 21, 2025
Data Last Updated:: April 15, 2026 at 6:09AM
Listing Office:: The Agency : 424-230-3700
Listing Agent:: Jonathan Swire : 310-948-2631
MLS ID:: CL25528237

A/C: None
Heating: Wall Furnace

Parking: Assigned

Originating MLS: CRMLS
County: Los Angeles

Zoning: LBPD7272004034

Source: CRMLS

This listing courtesy of Jonathan Swire , The Agency

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Edison Elementary School

625 Maine Ave, Long Beach, CA, 90802

Grades KG-5

0.47 miles away

Washington Middle School

1450 Cedar Ave, Long Beach, CA, 90813

Grades 6-8

0.36 miles away

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.