Long Beach, CA 90805 541 E 64th Street
$2,880,000
1 more
Presented By: Doug Rodermund with Morgan Skenderian; dsr@morganskenderian.com
Beds • 16
Baths • 1
SQFT • 10,194
Year Built • 1960
Home Details
**Excellent North Long Beach Location Across From Jordan High School & Houghton Park**
**Priced at $180,000/Unit & $282/SF**
**10.08 GRM & 6.8% Cap Rate on Current Income**
**7.87 GRM & 9.5% Cap Rate on Market Rents**
**First Time on the Market in Decades**
----The 64th Street Apartments offer an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy covered parking, gated access and an on-site laundry room.
----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams
Presented By: Doug Rodermund with Morgan Skenderian; dsr@morganskenderian.com
Interior Features for 541 E 64th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 541 E 64th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.8
Carport Spaces16.0
Carport Y/NYes
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
DirectionsSouth of Artesia Blvd and West of Atlantic Ave
Electric Expense5435.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense5435.0
Garage Spaces0.0
Garage Y/NNo
Gross Income2100.0
HOANo
Home Warranty Y/NNo
Insurance Expense4800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet13517.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense6539.0
MobileHomeRemainsYNNo
Net Operating Income194629.0
New ConstructionNo
Number Of Units Total16
Open Parking Spaces0.0
Operating Expense82578.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot10
Taxes$39,056
Trash Expense5435.0
Water Sewer Expense5435.0
Waterfront Y/NNo
Year Built1960
Year Built SourceAssessor
ZoningLBR4R
Exterior for 541 E 64th Street
Building Area Total10194.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3103
Lot Size Area13517.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters17
Number of Separate Gas Meters17
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking16.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,880,000
MLS#PW25079294
List Date
04/10/2025
Property Type
Multi-Family
Phone
(562) 537-4182
