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$1,392,000

  • Sold
  • Closed
  • Multi-Family
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Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).

Full Property Details for 573 Nebraska

General

  • Sold For: $1,392,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB25232214
  • Added to Site: 127 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 5
  • Parking Features: Garage Faces Front
  • Parking: Garage Faces Front

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: East of Orange, South of 7th
  • Direction Faces: East

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Roof: Composition
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 4,800
  • Year Built: 1967

Unit Information

Unit 1

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

Unit 2

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

Unit 3

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

Unit 4

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

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1696
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $290
  • Price Per Unit: 348750

Listed by Buckingham Investments, Inc, Anthony Walker and Buckingham Investments, Inc, Josh Ess
Sold by Sage Real Estate Group, Inc., Nicholas Cordero

Listing agents

— 573 Nebraska —

  • Anthony Walker

    Buckingham Investments, Inc

  • Josh Ess

    Buckingham Investments, Inc

310-561-4776

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 573 Nebraska

School District:Long Beach Unified School District
NameGradesDistance
Stevenson Elementary School
515 Lime Avenue, Long Beach, CA 90802
K-50.6 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.2 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 573 Nebraska

Date
Details
Price
Change
Source
11/07/2025
Sold
$1,392,000
-0.22%
MLS
10/03/2025
Listed
$1,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Buckingham Investments, Inc, Anthony Walker and Buckingham Investments, Inc, Josh Ess
Sold by Sage Real Estate Group, Inc., Nicholas Cordero

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Recent Sales near 573 Nebraska

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573 Nebraska, Long Beach, CA 90802 (MLS# SB25232214) is a Multi-Family property that was sold at $1,392,000 on November 07, 2025. Want to learn more about 573 Nebraska? 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.