$1,615,000
About this home
CHEAPEST PRICED LISTING IN ALL OF LONG BEACH. PRICED TO SELL. 8.4 GRM AND 7.2% CAP WITH UPSIDE TO A 8.0 GRM AND 7.7% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.7% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 12% cash on cash return against in-place rents. Excellent lender financing available at 5.4% fixed for 5 years - for qualified Buyers. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Qualified Buyers can put down as little as 25% with excellent bank financing. Additionally, the Long Beach airport is undergoing a $37MM renovation for the upcoming 2028 Olympic Games.
Facts & features
- Bedrooms
- 4
- Bathrooms
- 0 full, 0 half
- Living area
- 4,944 sq ft
- Heating
- Wall Furnace
- Cooling
- None
- Levels
- Multi Split
- Lot size
- 0.131 acres (5,700 sq ft)
- Year built
- 1922
- Parking
- None
- Area
- 9 - Poly High
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 172
- Listed
- 2026-01-22
- Original price
- $1,629,000
- Parcel #
- 7268042011
- MLS #
- 26640863
