Priced to sell at 9.8 GRM with upside to 8.9 GRM and a 7.7% CAP. 6 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). All 2/1's. Electrical was updated in 2024. The property was updated in 2019 throughout and is professionally managed and well maintained. Property has onsite laundry and 4 parking spaces which are rented to tenants. Qualified Buyers can put down as little as 25%. EARN OVER A 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
The income description goes here to explain
| List Price | $1,349,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,008 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1959 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7210012024 |
| MLS # | 26635163 |
| Property ID | 292028297 |
| Lot Sqft | 7,503 |
| Zoning | LBR1N |
| Total Units | 6 |
| Days on Market | 27 |
| Original List Price | $1,349,000 |
| Date Updated | January 22, 2026 |
| Date Created | January 08, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,895 | $1,895 |
| Gross Income (Yr) | $ 132,000 |
| Operating Expenses | $ 45,000 |
| Net Income (Yr) | $ 88,000 |
| Cap Rate | 6.60% |
Jonathan Swire an agent of . Lic #01336277
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT