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414 E 61st

Long Beach, CA 90805
  • $1,425,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: PW26090794
UPDATED: 45 min ago
$1,425,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Erik Messinger of Keller Williams Realty (714-584-2700)


Description

5-unit apartment building with all large two-bedroom units and six garages. On-site laundry with owned machines. Renters are primarily section 8 and lease rates are below market. Onwer has recently completed several capital improvements and upgrades. Large lot may offer an opportunity to add units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-11T16:34:57.393. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/175844445
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414 E 61st Long Beach, CA 90805

  • Price: $1,425,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 45 min ago
  • ID#: PW26090794
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1958
Built
Neighborhood:
North Long Beach (Nlb)
County:
Los Angeles
Area:
7 - North Long Beach
Property Description
5-unit apartment building with all large two-bedroom units and six garages. On-site laundry with owned machines. Renters are primarily section 8 and lease rates are below market. Onwer has recently completed several capital improvements and upgrades. Large lot may offer an opportunity to add units.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 5 Parking Features GarageGarage Faces Rear Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Amenities ElectricityGasTrashUtilitiesWater Association Fee Includes Sewer Cap Rate 5.5 Common Interest None Community Features Street LightsSuburbanSidewalks Current Financing Conventional Garage YN Yes Gross Income 0 Gross Scheduled Income 115200 Insurance Expense 1699 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 76831 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 36065 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TVElectricityGasTelephoneWater Trash Expense 960 Vacancy Allowance 2304 Water Sewer Expense 2000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-11T16:34:57.393. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
street
Hemet CA, 92545
Listing Agent(s): Erik Messinger of Keller Williams Realty (714-584-2700)