$2,115,000
- Beds
- 14
- sq ft
- 6,395
435 W 11th St, Long Beach, CA 90813
435 W 11th St
Long Beach, CA 90813
- 128 days on market
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.
Details
Property type
Lot size
9,685 sq ft
Price per sq ft
$331
Year built
1936
HOA
No
Price History
05/22/2024
CLAW #24395069
Listed
$2,115,000
+3.26%
03/08/2019
CRMLS #OC19004243
Sold
$2,048,200
Schools & Community
Neighborhood:
Willmore City
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/27/2024 at 7:15 PM
Listing updated: 08/22/2024 at 12:24 PM
Listed by: Jonathan Swire, The Agency Phone #: (424) 230-3700
MLS: CLAW #24395069
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