561 E 64th, Long Beach, CA 90805

• 9,964 sqft

Property Description

We are pleased to present 561 E. 64th Street, a 1960-construction 16 unit multifamily property located in North Long Beach to market. The property sits on a large 14,552 square foot lot and consists of 16 one bed/one bath units. Operating at a 6.18% cap rate and a 9.19 GRM, in place income is strong. The offering is priced at an attractive low basis of $176,563 per unit and $283 per square foot, positioning the asset below replacement cost and comparable sales in the market. Sixteen covered parking spaces are on site. Current rents remain approximately 18% below market, allowing further upside for a new buyer. The property has recently been extensively replumbed with new pex and copper throughout. Favorable market financing is available, requiring under a $1,000,000 down payment with the ability to achieve over a 7% cash-on-cash return utilizing interest-only financing (buyer to verify). The property is ideally situated directly across the street from Jordan High School, within a well-established residential corridor of North Long Beach.

Listing Status:

Active

Date Added:

February 18, 2026

Data Last Updated:

April 1, 2026 at 8:07PM

Listing Office:

Younglewin Advisors, Inc. : 562-318-0215

Listing Agent:

Jackson Jorgensen : 626-399-2415

MLS ID:

CRPW26036925

Interior

• Laundry: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 7115028006

Financial

• Source: CRMLS