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435-437 W 11th St
Long Beach, CA 90813 Downtown Long Beach

$1,890,000 USD

Apartments For Sale  •  6,383 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,383 SF
  • Lot Size 0.23 AC
  • Building Class B
  • Year Built 1936
  • Cap Rate 7.00 %
  • Zoning LBPD10
68 Transit Score
87 Walk Score

Highlights

Priced to sell at 9.6 GRM and 6.9% CAP with rental upside to a 8.4 GRM.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Most units have private parking and outdoor patios.
Located blocks from Downtown Long Beach and $8BB in Redevelopment.
8.4 GRM and 8.4% CAP at market rents.
NO Local Rent Control.

Financial Summary

Cap Rate: 7.00 %

Amenities

  • 24 Hour Access
  • Controlled Access
  • Washer/Dryer Hookup
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Yard
  • Online Services
  • Freezer
  • Patio
  • Walk-Up
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 15 min 0.8 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 0.9 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 5.1 mi
Los Angeles International 31 min - 21.2 mi
John Wayne/Orange County 33 min - 21.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: OneCarGarage
Included in Rent: Yes
Jon Swire 310-948-2631 The Agency
Jon Swire 310-948-2631 The Agency