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435 W 11th St, Long Beach, CA 90813
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435 W 11th St Long Beach, CA 90813

$2,115,000
  • 14 Beds
  • 9 Baths
  • 6,395 Sq.Ft.
For Sale
$2,115,000 Get Pre-Qualified
Map preview of 435 W 11th St, Long Beach, CA 90813

Property Overview: 435 W 11th St Long Beach, CA has 14 bedrooms, 9 bathrooms, 6,395 living square feet and 9,685 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jonathan Swire | BRE #01336277 | The Agency
Last checked: 12 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 127

Home details

Lot Sq. Ft
9,685
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24395069
City
Long Beach
County
Los Angeles
Time on Site
128 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: 10.86
  • Gross Scheduled Income: --
  • Net Operating Income: $125,000
  • Gross Operating Income: $195,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 435 W 11th St

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Property Details for 435 W 11th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Property Information
  • Total # of Units: 9
  • Parcel Number: 7272004034
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 9 units on the West Side of Long Beach.
View more facts & features

Local Long Beach Agent

Sale History for 435 W 11th St

Last sold for $2,048,500 on March 8th, 2019

  • May, 2024

  • May 22, 2024

    Date

    Active

    CRMLS: 24395069

    $2,115,000

    Price

  • March, 2019

  • Mar 11, 2019

    Date

    Sold

    CRMLS: OC19004243

    $2,048,200

    Price

  • Jan 28, 2019

    Date

    Pending

    CRMLS: OC19004243

    $2,195,000

    Price

  • Jan 8, 2019

    Date

    Active

    CRMLS: OC19004243

    $2,195,000

    Price

  • Listing provided courtesy of CRMLS

    The Eleventh Street Apartments is a nine-unit apartment building located in the Willmore Historic District within the strong rental market of Long Beach, California. The property offers a desirable unit mix of (5) two bedroom/ one bathroom units and (4) one bedroom/ one bathroom units totaling 6,395 square feet, situated on a 9,895 square foot lot. The building has recently gone through extensive interior and exterior renovations including, but not limited to: new roofs, garages, windows, complete interiors, fencing, concrete, and plumbing. Tenants also enjoy washer and dryer hookups in each unit, large fenced patios/yards, and enclosed garages. The Eleventh Street Apartments represents an opportunity for an investor to acquire a very stable investment with a 5.31% CAP Rate and 7.26% Total Return on current income. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

  • March, 2019

  • Mar 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,048,500

    Price

  • December, 2018

  • Dec 11, 2018

    Date

    Canceled

    CRMLS: OC18230942

    $2,199,000

    Price

  • Oct 9, 2018

    Date

    Price Change

    CRMLS: OC18230942

    $2,199,000

    Price

  • Sep 21, 2018

    Date

    Active

    CRMLS: OC18230942

    $2,240,000

    Price

  • Listing provided courtesy of CRMLS

    The Eleventh Street Apartments, is a nine-unit apartment building located in the Willmore Historic District within the strong rental market of Long Beach, California. The property offers a desirable unit mix of (5) two bedroom/ one bath-room units and (4) one bedroom/ one bathroom units totaling 6,395 square feet, situated on a 9,895 square foot lot. The building has recently gone through extensive interior and exterior renovations including, but not limited to: new roofs, garages, windows, complete interiors, fencing, concrete, and plumbing. Tenants also enjoy washer and dryer hookups in each unit, large fenced patios/yards, and enclosed garages. The Eleventh Street Apartments represents an opportunity for an investor to acquire a very stable investment with a 5.12% CAP Rate and 6.69% Total Return on current income. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

  • May, 2016

  • May 12, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

Show More

Tax History for 435 W 11th St

Assessed Value (2020): $2,089,164
Year Land Value Improved Value Assessed Value
2020 $1,326,000 $763,164 $2,089,164

Home Value Compared to the Market

This property vs the competition

435 W 11th St is listed 175.03% higher than the median list price for the city of Long Beach which has a median list price of $769,000. The median price per/sqft for Long Beach is $648 and this home is listed at $330.73 per/sqft which puts the price per square foot 48.96% lower than the median price per square foot for the city of Long Beach.

About 435 W 11th St

Detailed summary of property

435 W 11th St is a multi family located in Long Beach, CA 90813 and is currently for sale. This multi family property offers 14 bedrooms, 9 bathrooms, roughly 6,395 living square feet, and sits on an approximately 9,685 square foot lot. 435 W 11th St was first listed on ArdentRealEstateGroup.com on May 23, 2024. The homeowner is currently asking $2,115,000. The median priced home in Long Beach is $769,000 with a median price per square foot of $648. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 175.03% higher than the median priced home. Local competing homes currently for sale include 1944 E 4th St, 1712 Cherry Ave and 1724 Cherry Ave. While the average home in Long Beach, CA is selling in 65 days, 435 W 11th St has a days on market of 127 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. For more information on this home for sale at 435 W 11th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 435 W 11th St

Public county record property details
Beds
14
Baths
9
Year built
1936
Sq. Ft.
6,395
Lot Size
9,895
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,181
APN
7272-004-034

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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