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PRICED TO SELL. 8.7 GRM AND 7.0% 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 12% cash on cash return against in-place rents. EMAIL LA FOR MORE INFORMATION INCLUDING A CURRENT RENT ROLL AND EXPENSES.
| DAYS ON MARKET | 58 | LAST UPDATED | 3/13/2026 |
|---|---|---|---|
| YEAR BUILT | 1922 | COMMUNITY | 9 - Poly High |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Mar 13, '26 | $1,629,000 |
|---|---|
| Mar 13, '26 - Today | $1,628,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 9 - Poly High |
| HEAT | Wall Furnace |
| LOT | 5702 sq ft |
| LOT DIMENSIONS | 5700 |
| PARKING | None |
| STORIES | Split/Multi Level |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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