435 W 11th Street
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 9,685 sqft lot
- 1936 build
- – on site
PRICE REDUCED $50K. Priced to sell at 10.1 GRM and 6.5% CAP with upside to 9.4 GRM and a 7.2% 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. A new owner can raise rents to market and achieve a 9.4 GRM and 7.2% CAP. Earn over a 9.5% cash-on-cash return at market rents. Qualified Buyers can put as little as 30% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
Last checked:
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Last updated Apr 30, 2025
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MLS# 25528237 —
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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Total Number Of Units:9
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# of Buildings:5
Interior
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Levels:Two
Location
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Directions:9 units in Long Beach subject to AB1482 rent control.
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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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Special Listing Conditions:Standard
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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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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned
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 |
|---|---|---|---|---|
|
4/30/25
Apr 30, 2025
|
Price Changed | CRMLS_CA | $1,999,000 | -2.4% |
|
4/29/25
Apr 29, 2025
|
Listed / Active | CRMLS_CA | $2,049,000 | 0.0% (0.0% / YR) |
|
5/23/24
May 23, 2024
|
Listed / Active | CRMLS_CA |
