CA > Long Beach
Long Beach, CA 90813,435 W 11th St
Long Beach, CA 90813,435 W 11th St
Long Beach, CA 90813,435 W 11th St
11
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$1,999,000
Est. payment /mo
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14 Beds
9 Baths
6,395 SqFt
Price Dropped by $50K

435 W 11th St Long Beach, CA 90813

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Derek Johnson

Derek Johnson

+1(310) 424-8883

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,395 sqft

Price per Sqft $312

MLS Listing ID 25528237

Bedrooms 14

Year Built 1936

Lot Size 9,685 Sqft

Acres 0.2223

Property Sub-Type Multi-Family

Property Description

PRICE REDUCED $50K. Priced to sell at 10.1 GRM and 6.5% CAP with upside to 9.4 GRM and a 7.2% 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. A new owner can raise rents to market and achieve a 9.4 GRM and 7.2% CAP. Earn over a 9.5% cash-on-cash return at market rents. Qualified Buyers can put as little as 30% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBPD10

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Assigned

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Agency

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agent

Derek Johnson

Agent | License ID: 02051308

+1(310) 424-8883

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435 W 11th St