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$2,595,000

  • For Sale
  • Active
  • Multi-Family
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See This Home
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Well-maintained 10-unit property located in the highly desirable Alamitos Beach neighborhood of Long Beach. The building features an attractive unit mix of (9) 1-bedroom/1-bath units and (1) 2-bedroom/1-bath unit, along with 6 single-car garages and 3 carport spaces-an increasingly rare amenity in this coastal submarket. The property is being offered for sale for the first time in 36 years and provides strong in-place income with a current 5.02% cap rate, along with immediate and future upside potential. All units are eligible for rent increases beginning July 1, 2026, bringing the cap rate to approximately 5.56%, with further potential to reach a 6.62% market cap. Located just blocks from the beach, dining, and retail, the property benefits from consistent tenant demand and a highly walkable location. Additionally, the existing garage structures may offer potential for ADU conversion (buyer to verify), providing an opportunity to further increase income and maximize value. Ideal for investors seeking a stable coastal asset with both strong day-one cash flow and long-term upside in one of Long Beach's most sought-after rental markets.

Full Property Details for 437 Bonito

General

  • Price: $2,595,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26097344
  • Updated: 5/5/2026
  • Days on Market: 20 days
  • Added to Site: 20 day(s) ago

Interior

  • Fireplace(s): None

Rooms

Other Rooms

  • Laundry: Individual Room

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 6
  • Parking Features: Assigned
  • Parking: Assigned

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: 4th Street to Bonito Ave.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 11
  • # Electric Meters: 11

Structural Information

  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 6,016
  • Year Built: 1962

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1685
  • Lot Size (Sq. Ft.): 7,340
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $431.35
  • Price Per Unit: 259500

Listed by Pabst, Kinney & Associates, Spencer Pabst

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Listing agent

— 437 Bonito —

  • Spencer Pabst

    Pabst, Kinney & Associates

562-884-6875

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 437 Bonito

School District:Long Beach Unified School District
NameGradesDistance
Stevenson Elementary School
515 Lime Avenue, Long Beach, CA 90802
K-50.2 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.1 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 437 Bonito Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/05/2026
Listed
$2,595,000
870.09%
MLS
7/18/1990
Sold
$267,500
—
Public Record
Get Price Alerts and Save Property
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 for 437 Bonito

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,235
7%
$964,969
4%
2023
$13,360
6%
$928,490
2%
2022
$12,571
2%
$910,305
2%
2021
$12,277
—
$892,476
1%
2020
$12,244
1%
$883,336
2%
2019
$12,101
3%
$865,046
2%
2018
$11,727
1%
$848,086
2%
2017
$11,601
8%
$831,458
2%
2016
$10,787
4%
$815,156
2%
2015
$10,376
—
$802,913
2%
2014
$10,350
3%
$787,186
—
2013
$10,046
—
$783,629
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Pabst, Kinney & Associates, Spencer Pabst

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437 Bonito, Long Beach, CA 90802 (MLS# PW26097344) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 437 Bonito is currently listed for $2,595,000 and was received on May 05, 2026. Want to learn more about 437 Bonito? 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.

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