435 W 11th Street

Long Beach, CA 90813

  • 14 Bed(s)
  • 0 Bath(s)
  • 6,395 Sqft
  • 9685
    Sqft(Lot)
$1,995,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49553536

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 9
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1936
    • Building Area Total: 6,395

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2223
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 9685

  • Listing Price Information

    • Original List Price: 1,995,000
    • Listing Contract Date: 2025-04-21

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 7272004034

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 2976
    • Directions: 9 units in Long Beach subject to AB1482 rent control.
    • Zoning: LBPD10
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach

    Building and Construction

    • Property Age: 89
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 6395
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/02/2025 @ 14:16

  • MLS: 25528237
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 6,395 sqft, 9,685 sized lot, and 0 parking. are nearby neighborhoods.