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(323) 864-4211
Linda Roth Burrell
435 W 11th St, Long Beach, CA 90813
- $1,890,000
- 14
- BD
- 9
- BA
- 6,395
- SqFt
- Sold Price
- $1,890,000
- List Price
- $1,890,000
- Closing Date
- May 13, 2026
- MLS#
- 25528237
- Year Built
- 1936
- Bedrooms
- 14
- Bathrooms
- 9
- Living Sq. Ft
- 6,395
- Lot Size
- 9,685
- Days on Market
- 375
- Property Type
- Multifamily
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.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- None
- Number of Cars in Garage
- Assigned
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Courtesy of The Agency, Jonathan Swire - CA DRE#01336277 Selling Office: .
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