435 11th, Long Beach CA 90813 | $1,924,000
Listing provided courtesy of Jonathan Swire of The Agency. Last updated 2025-11-10 09:11:39.000000. Listing information © 2025 SANDICOR.
PRICE REDUCED AND READY TO SELL. Priced at 9.7 GRM and a 6.8% CAP with upside to 8.4 GRM and a 8.2% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). 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 8.4 GRM and 8.2% 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.
More Details
0.22 Acres
David Piper
Call or Text: 858-525-5007
DRE# 02021985
