435 W 11th Street, Long Beach, CA 90813

• 6,395 sqft

Property Description

PRICE REDUCED AND READY TO SELL. Priced at 9.5 GRM and a 7.0% CAP with upside to 8.3 GRM and a 8.4% 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. Rents have not been raised in over a year. A new owner can raise rents to market and achieve a 8.3 GRM and 8.4% CAP. Earn over a 15% cash-on-cash return at market rents. 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:

February 8, 2026 at 12:07AM

Listing Office:

The Agency : 424-230-3700

Listing Agent:

Jonathan Swire : 310-948-2631

MLS ID:

CL25528237

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Assigned

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LBPD7272004034

Financial

• Source: CRMLS