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Listed by: Jonathan Swire (310) 948-2631 DRE #01336277 | The Agency (424) 230-3700
$1,900,000
14 Beds
- 9 Baths
6,395sqft
435 W 11Th St, Long Beach, CA 90813
$1,900,000
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Multi Family
Built in 1936
$-- HOA
9,685 sqft lot
$297/sq.ft
Description
PRICE REDUCED AND READY TO SELL. Priced at 9.6 GRM and a 6.9% CAP with upside to 8.4 GRM and a 8.4% 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% C...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1936
HOA Fees
-
Finished Area
6,395 sqft
Lot Size
9,685 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25528237
MLS Status
Active
Days on Market
239
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