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435 W 11th Street, Long Beach, CA 90813
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$1,923,500
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Home Details for 435 W 11th Street
Price
$1,923,500
Type
other
Bedrooms
14
Total Bathrooms
9
Year Build
1936
Sq. Ft.
6395
Lot Size
0.2223
County
Los Angeles
MLS®️ Listing#
25528237
On exitrealty.com
206 days
Property Description
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.
- Cooling Information
- None
- Heating Information
- Wall Furnace
- Parking
- Assigned
Listing Courtesy: The Agency - 424-230-3700
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-11-11 13:16:27 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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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.
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$1,923,500
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.