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
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$1,999,000
Est. payment /mo
14 Beds
9 Baths
6,395 SqFt
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UPDATED:

Key Details

Property 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

HOA Y/N No

Year Built 1936

Lot Size 9,683 Sqft

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 4 - Downtown Area, Alamitos Beach

Zoning LBPD10

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Assigned

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7272004034

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Jonathan Swire • The Agency
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