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PRICE REDUCED - and PRICED TO SELL. Currently a 9.3 GRM and 6.9% CAP with upside to a 8.3 GRM and 8.1% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 9% cash on cash against in place rents, and over 14% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
| DAYS ON MARKET | 123 | LAST UPDATED | 9/16/2025 |
|---|---|---|---|
| YEAR BUILT | 1962 | COMMUNITY | 4 - Downtown Area, Alamitos Beach |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Jun 6, '25 | $2,275,000 |
|---|---|
| Jun 6, '25 - Jun 17, '25 | $2,270,000 |
| Jun 17, '25 - Jul 10, '25 | $2,200,000 |
| Jul 10, '25 - Sep 3, '25 | $2,149,000 |
| Sep 3, '25 - Sep 15, '25 | $2,145,000 |
| Sep 15, '25 - Sep 16, '25 | $2,144,000 |
| Sep 16, '25 - Today | $2,120,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 4 - Downtown Area, Alamitos Beach |
| HEAT | Wall Furnace |
| LOT | 7510 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 7:24 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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