435 W 11th Street Long Beach, CA ^$ 2,115,000

435 W 11th Street

^$ 2,115,000

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435 W 11th Street

Long Beach, CA, 90813

^$ 2,115,000

Bedrooms14 Baths9.0 Sq 6,395

Monthly Estimate*

^$ 14,057

Listed by The Agency

435 W 11th Street, Long Beach, CA 90813 - Image 1

435 W 11th Street, Long Beach, CA 90813 - Image 2

435 W 11th Street, Long Beach, CA 90813 - Image 3

435 W 11th Street, Long Beach, CA 90813 - Image 4

435 W 11th Street, Long Beach, CA 90813 - Image 5

435 W 11th Street, Long Beach, CA 90813 - Image 6

435 W 11th Street, Long Beach, CA 90813 - Image 7

435 W 11th Street, Long Beach, CA 90813 - Image 8

435 W 11th Street, Long Beach, CA 90813 - Image 9

435 W 11th Street, Long Beach, CA 90813 - Image 10

Multi-Family Home for sale in Long Beach, CA

for $2,115,000 with 14 bedrooms and 9 full baths. This 6,395 square foot home was built in 1936 on a lot size of 0.2223.

EXCELLENT ASSUMABLE FINANCING FIXED AT 3.75% UNTIL APRIL 2025. Cash on Cash during year 1 will push 8%+ with this excellent debt option. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. 10.86X GRM and 5.8% CAP with upside to 6.4% CAP. Located on the West Side blocks from Down 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. Current loan is with Luther Burbank Savings (now WA Fed). Loan amount is approximately $1.230.000 fixed at 3.75% through April 2025, Interest Only payments. Come April it can adjust up a maximum of 2.0% in year 1. LA is a principal. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND LOAN INFO.

Multi-Family Active

Price

^$ 2,115,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2223

Year Built

1936

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

24395069

Days on Market

Features

General

Heating WallFurnace

Cooling None

Zoning LBPD10

Year Built 1936

Levels MultiSplit

Gross Income 195000.0

County Los Angeles

Net Operating Income 125000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage Y

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 9 units on the West Side of Long Beach.

City Long Beach

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 9

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units SquareFeet

Lot Size Square Feet 9685.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 9

Standard Status Active

Cap Rate 5.8

Exterior

Total Parking 9.0

Lot Size Area 9685.0

Number of Buildings 3

Spa N

Building Area Total 6395.0

Lot Size Acres 0.2223

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 14

Electric On Property Y/N N

Total Baths 9

Internal Only

Street Number 1 435

* Excluded Features

List By

The Agency

Broker

(310) 948-2631

Phone

Affordability Calculator

$14,057

Per Month

Monthly Principal & Interest: $14,057
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,006,441

Percent of Sale Price 5%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2024	$2,115,000		Listed Price

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435 W 11th Street, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,115,000 with 6,395 sqft and a lot size of 0.2223. 435 W 11th Street has 14 bedrooms, 9.0 baths, and was built in 1936. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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435 W 11th Street

Multi-Family Home for sale in Long Beach, CA

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