435 W 11Th Street, Long Beach, CA 90813
-
Listed Price :
$2,115,000
-
Beds :
14
-
Baths :
9
-
Property Size :
6,395 sqft
-
Year Built :
1936
Property Description
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.
Interior Features
Bedroom Information |
Bedrooms |
14 |
Bathroom Information |
Bathrooms |
9 |
Interior Information |
Cooling Type |
None |
Listing Information
Address |
435 W 11Th Street |
City |
Long Beach |
State |
CA |
Zip |
90813 |
County |
Los Angeles |
Listing Agent |
Jonathan Swire DRE #01336277 |
Courtesy Of |
The Agency |
List Price |
$2,115,000 |
Status |
Hidden |
Type |
Residential Income |
Structure Size |
6,395 |
Lot Size |
9,685 |
Year Built |
1936 |
Listing information courtesy of: Jonathan Swire, The Agency. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.