437 Bonito, Long Beach, CA 90802

Description

Well-maintained 10-unit property located in the highly desirable Alamitos Beach neighborhood of Long Beach. The building features an attractive unit mix of (9) 1-bedroom/1-bath units and (1) 2-bedroom/1-bath unit, along with 6 single-car garages and 3 carport spaces—an increasingly rare amenity in this coastal submarket.

The property is being offered for sale for the first time in 36 years and now features recently implemented rental increases effective July 1, 2026, bringing the total monthly rental income to $18,089 (including garage income). Based on the new income, the property operates at a 5.40% cap rate, while still offering meaningful additional upside throug...