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435 W 11th St, Long Beach, CA 90813
$2,115,000
435 W 11th St, Long Beach, CA 90813View this property at 435 W 11th St, Long Beach, CA 90813
435 W 11th StLong BeachCA90813
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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.
Full Property Details
Full Property Details for 435 W 11th St
General
- Price: $2,115,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-395069
- Updated: 5/23/2024
- Added to Site: 25 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 9
Bedrooms
- Total Bedrooms: 14
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: None
Parking
- Garage Description: Attached
Location
- Area: Downtown Area, Alamitos Beach
- County: Los Angeles
- Driving Directions: 9 units on the West Side of Long Beach.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 3
- Stories/Levels: 2
- Square Feet: 6,395
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1936
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 9
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2223
- Lot Size: 9685
- Lot Size Source: Vendor Enhanced
- Zoning: LBPD10
Financial Considerations
- Price Per Sq. Ft.: $330.73
- Assessment Year: 1936
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7272-004-034
Listed by The Agency, Jonathan Swire
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Schools
Schools serving 435 W 11th St
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
625 Maine Ave, Long Beach, CA 90802 | PK-5 | 0.5 mi | |
1450 Cedar Ave, Long Beach, CA 90813 | 6-8 | 0.3 mi | |
2001 Santa Fe Ave, Long Beach, CA 90810 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 435 W 11th St
Date
Details
Price
Change
Source
5/22/2024
Listed
$2,115,000
3.25%
MLS
1/23/2019
Sold
$2,048,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 435 W 11th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$29,108
7%
$2,196,081
2%
2022
$27,328
2%
$2,153,022
2%
2021
$26,771
—
$2,110,807
1%
2020
$26,701
85%
$2,089,164
97%
2019
$14,448
3%
$1,061,207
2%
2018
$13,975
1%
$1,040,400
2%
2017
$13,827
109%
$1,020,000
121%
2016
$6,620
4%
$461,305
2%
2015
$6,382
—
$454,377
2%
2014
$6,388
3%
$445,477
—
2013
$6,210
—
$443,464
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 435 W 11th St
435 W 11th St, Long Beach, CA 90813 (MLS# 24-395069) is a Multi-Family property with units containing 14 bedrooms and 0 full bathrooms. 435 W 11th St is currently listed for $2,115,000 and was received on May 22, 2024. Want to learn more about 435 W 11th St? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.