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PRICE REDUCED AND READY TO SELL. Priced at 9.7 GRM and a 6.8% CAP with upside to 8.4 GRM and a 8.2% 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. Rents have not been raised in over a year. A new owner can raise rents to market and achieve a 8.4 GRM and 8.2% CAP. Earn over a 15% cash-on-cash return at market rents. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
| DAYS ON MARKET | 159 | LAST UPDATED | 9/16/2025 |
|---|---|---|---|
| YEAR BUILT | 1936 | COMMUNITY | 4 - Downtown Area, Alamitos Beach |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Apr 30, '25 | $2,049,000 |
|---|---|
| Apr 30, '25 - May 27, '25 | $1,999,000 |
| May 27, '25 - Jun 17, '25 | $1,995,000 |
| Jun 17, '25 - Aug 13, '25 | $1,975,000 |
| Aug 13, '25 - Sep 16, '25 | $1,940,000 |
| Sep 16, '25 - Today | $1,925,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 4 - Downtown Area, Alamitos Beach |
| HEAT | Wall Furnace |
| LOT | 9683 sq ft |
| PARKING | Assigned |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/26/25 9:46 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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