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1377 Warren Ave
For Sale $1,627,000 ($329.09 per Sq Ft)
$1,627,000 ($329.09 per Sq Ft)
- 11 Units
- 4,944 Sq Ft
- 5,700 Sq Ft
- Unknown Cap Rate
Description
PRICED TO SELL. 8.5 GRM AND 7.3% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% 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 8.0% 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 13% cash on cash return against in-place rents.
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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
| List Price | $1,627,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,944 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1922 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7268042011 |
| MLS # | 26640863 |
| Property ID | 322531167 |
| Lot Sqft | 5,700 |
| Zoning | LBR2N |
| Total Units | 11 |
| Days on Market | 125 |
| Original List Price | $1,629,000 |
| Date Updated | May 19, 2026 |
| Date Created | January 22, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,795 | $1,795 |
| Unit #2 | 1 | 1.00 | $1,595 | $1,595 |
| Unit #3 | 0 | 1.00 | $1,395 | $1,395 |
| Gross Income (Yr) | $ 186,000 |
| Operating Expenses | $ 64,000 |
| Net Income (Yr) | $ 122,000 |
| Cap Rate | 7.30% |
Listing Provided By
Jonathan Swire an agent of . Lic #01336277
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