Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90813 435 W 11th Street

435 W 11th Street Long Beach, CA - Image 1435 W 11th Street Long Beach, CA - Image 2435 W 11th Street Long Beach, CA - Image 3
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435 W 11th Street Long Beach, CA - Image 4435 W 11th Street Long Beach, CA - Image 5435 W 11th Street Long Beach, CA - Image 6435 W 11th Street Long Beach, CA - Image 7435 W 11th Street Long Beach, CA - Image 8435 W 11th Street Long Beach, CA - Image 9435 W 11th Street Long Beach, CA - Image 10
Presented By: Jonathan Swire with The Agency;
  • MLS# 25528237
  • 04/21/2025
  • Request Tour
  • Request Info
  • Beds • 14
  • Baths • 9
  • SQFT • 6,395
  • Year Built • 1936

Home Details

PRICE REDUCED AND READY TO SELL. 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.
Presented By: Jonathan Swire with The Agency;

Interior Features for 435 W 11th Street

Bedrooms

Total Bedrooms14

Bathrooms

Half Baths0
Total Baths9
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories

General for 435 W 11th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.5
Carport Y/NNo
CityLong Beach
CoolingNone
CountyLos Angeles
Directions9 units in Long Beach subject to AB1482 rent control.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income198000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet9685.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income129000.0
New ConstructionNo
Number Of Units Total9
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1936
ZoningLBPD10

Exterior for 435 W 11th Street

Building Area Total6395.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2223
Lot Size Area9685.0
Number of Buildings5
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo

Additional Details

Price History

Justin Hughey

Price $1,995,000
MLS#25528237
List Date 04/21/2025
Property Type Multi-Family
Request Tour
Request Info

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