435 W 11th Street, Long Beach, CA 90813
- $1,890,000
- 14
- BD
- 9
- BA
- 6,395
- SqFt
- Sold Price
- $1,890,000
- List Price
- $1,890,000
- Closing Date
- May 13, 2026
- Status
- CLOSED
- MLS#
- 25528237
- Year Built
- 1936
- Bedrooms
- 14
- Bathrooms
- 9
- Living Sq. Ft
- 6,395
- Lot Size
- 9,685
- Acres
- 0.22
- Days on Market
- 375
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
PRICE REDUCED AND READY TO SELL. Priced at 9.2 GRM and a 7.3% CAP with upside to 8.4 GRM and a 8.3% CAP. 9 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). 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 8.4 GRM and 8.3% CAP. Earn over a 11% cash-on-cash return against in place income. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
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Additional Information
- Heat
- Wall Furnace
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 9
Listing courtesy of Listing Agent: Jonathan Swire (jon@jonswire.com) from Listing Office: The Agency.
Listing sold by Marc J. Robinson from Keller Williams Beverly Hills
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.