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435 W 11th St
For Sale Call for Pricing
Call for Pricing
- 9 Units
- 6,395 Sq Ft
- 9,685 Sq Ft
- Unknown Cap Rate
Description
Priced to sell at 10.3 GRM and 6.3% CAP with upside to 9.6 GRM and a 7.0% 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 9.6 GRM and 7.0% CAP. Earn over a 9% cash-on-cash return at market rents. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| Property Type | Multi-Family |
| Usable Sqft | 6,395 |
| Number of Stories | 0 stories |
| Parking Spots | Unknown |
| Year Built | 1936 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7272004034 |
| MLS # | Unknown |
| Property ID | 321698287 |
| Lot Sqft | 9,685 |
| Zoning | LBPD10 |
| Total Units | 9 |
| Days on Market | 229 |
| Original List Price | Unknown |
| Date Updated | April 21, 2025 |
| Date Created | December 31, 1969 |
Financials not available online. Please inquire with your agent for more details.
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