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(323) 864-4211
Linda Roth Burrell
2285 Earl Ave, Long Beach, CA 90806
- $1,659,000
- 8
- BD
- 9
- BA
- 4,945
- SqFt
- Sold Price
- $1,659,000
- List Price
- $1,659,000
- Closing Date
- Apr 08, 2026
- MLS#
- 26638761
- Year Built
- 1947
- Bedrooms
- 8
- Bathrooms
- 9
- Living Sq. Ft
- 4,945
- Lot Size
- 5,934
- Days on Market
- 47
- Property Type
- Multifamily
Property Description
Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.1% CAP. 9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained. A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- None
- Number of Cars in Garage
- None
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Courtesy of The Agency, Jonathan Swire - CA DRE#01336277 Selling Office: .
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