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1735 E 10th St
Off-Market Call for Pricing
Call for Pricing
- 14 Units
- 10,253 Sq Ft
- 12,823 Sq Ft
- Unknown Cap Rate
Description
Priced to sell at 9.7 GRM and 6.6% CAP with upside to 9.3 GRM and a 7.0% CAP. 14 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the East Side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features an excellent unit mix of 1 and 2 bed units with 11 open parking spaces in the rear. The exterior and all interiors were updated in 2019. Unit interiors feature updated flooring, kitchen counter tops, lighting and paint. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
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Owner
Do you own or manage this property?
This is My PropertyAmenities
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 | $3,047,700 |
| Property Type | Multi-Family |
| Usable Sqft | 10,253 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1928 |
| Last Sold | June 10, 2026 |
| Sold Price | 3,049,000 |
| APN # | 7267012035 |
| MLS # | 26656535 |
| Property ID | 322626602 |
| Lot Sqft | 12,823 |
| Zoning | LBR2N |
| Total Units | 14 |
| Date Updated | June 11, 2026 |
| Date Created | February 25, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,695 | $1,695 |
| Unit #2 | 2 | 1.00 | $1,950 | $1,950 |
| Gross Income (Yr) | $ 300,000 |
| Operating Expenses | $ 105,000 |
| Net Income (Yr) | $ 193,000 |
| Cap Rate | 6.60% |
Listing Provided By
Jonathan Swire an agent of . Lic #01336277
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