435 W 11th Street
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 9,685 sqft lot
- 1936 build
- – on site
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.
Listed By CRMLS_CA / Jonathan Swire / The Agency
Last checked:
Checking…
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Last updated Jun 1, 2024
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MLS# 24395069 —
The Building
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Year Built:1936
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New Construction:No
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Building Area Total:6395.00
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# of Buildings:3
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Total Number Of Units:9
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Stories Total:2
Interior
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Levels:Multi/Split
Location
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Directions:9 units on the West Side of Long Beach.
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Latitude:33.78053300
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Longitude:-118.19720400
The Property
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Property Type:Residential Income
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Zoning:LBPD10
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Lot Size Area:9685.0000
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Lot Size Acres:0.2223
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Lot Size SqFt:9685.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Buyer's Brokerage Compensation:2.000%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2
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Parcel Number:7272004034
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking Spaces:9.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/23/24
May 23, 2024
|
Listed / Active | CRMLS_CA | $2,115,000 | 3.3% (0.6% / YR) |
3/8/19
Mar 8, 2019
|
CRMLS_CA | $2,048,200 | -6.7% | |
1/28/19
Jan 28, 2019
|
CRMLS_CA | $2,195,000 |