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561 E 64th
For Sale $2,825,000
$2,825,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 14,545 Sq Ft
Description
We are pleased to present 561 E. 64th Street, a 1960-construction 16 unit multifamily property located in North Long Beach to market. The property sits on a large 14,552 square foot lot and consists of 16 one bed/one bath units. Operating at a 6.18% cap rate and a 9.19 GRM, in place income is strong. The offering is priced at an attractive low basis of $176,563 per unit and $283 per square foot, positioning the asset below replacement cost and comparable sales in the market. Sixteen covered parking spaces are on site. Current rents remain approximately 18% below market, allowing further upside for a new buyer.
The property has recently been extensively replumbed with new pex and copper throughout.
Favorable market financing is available, requiring under a $1,000,000 down payment with the ability to achieve over a 7% cash-on-cash return utilizing interest-only financing (buyer to verify). The property is ideally situated directly across the street from Jordan High School, within a well-established residential corridor of North Long Beach.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,825,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7115028006 |
| MLS # | PW26036925 |
| Property ID | 322606312 |
| Lot Sqft | 14,545 |
| Zoning | Unknown |
| Total Units | 16 |
| Days on Market | 22 |
| Original List Price | $2,825,000 |
| Date Updated | February 23, 2026 |
| Date Created | February 16, 2026 |
Listing Provided By
Jackson Jorgensen an agent of Younglewin Advisors, Inc.. Lic #02022727
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 23, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT