2285 Earl Avenue, Long Beach, CA 90806
- $1,659,000
- 8
- BD
- 9
- BA
- 4,945
- SqFt
- Sold Price
- $1,659,000
- List Price
- $1,659,000
- Closing Date
- Apr 08, 2026
- Status
- CLOSED
- MLS#
- 26638761
- Year Built
- 1947
- Bedrooms
- 8
- Bathrooms
- 9
- Living Sq. Ft
- 4,945
- Lot Size
- 5,934
- Acres
- 0.14
- Days on Market
- 47
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.1% CAP. 9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained. A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
/u.realgeeks.media/jeremysifuentes/header.png)
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 Mark Bridge from Mark Bridge, Broker
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.