435 W 11th Street, Long Beach, CA 90813
Property · 2 recorded sales since 2019
Sold May 2026
Listing Agent: Jonathan Swire (DRE #01336277) · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Marc J. Robinson · Keller Williams Beverly Hills · MLS #25528237 · Source: CRMLS
About this property
PRICE REDUCED AND READY TO SELL. Priced at 9.2 GRM and a 7.3% CAP with upside to 8.4 GRM and a 8.3% CAP. 9 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). 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. A new owner can raise rents to market and achieve a 8.4 GRM and 8.3% CAP. Earn over a 11% cash-on-cash return against in place income. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
Listing description from the May 2026 sale, as reported to CRMLS.
Sale history
