1377 Warren Avenue, Long Beach, CA 90813
Local realty services provided by:CENTURY 21 Experience
1377 Warren Avenue,Long Beach, CA 90813
$1,615,000
- 4 Beds
- 11 Baths
- 4,944 sq. ft.
- Multi-family
- Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26640863
Source:CRMLS
Price summary
- Price:$1,615,000
- Price per sq. ft.:$326.66
About this home
CHEAPEST PRICED LISTING IN ALL OF LONG BEACH. PRICED TO SELL. 8.4 GRM AND 7.2% CAP WITH UPSIDE TO A 8.0 GRM AND 7.7% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.7% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 12% cash on cash return against in-place rents. Excellent lender financing available at 5.4% fixed for 5 years - for qualified Buyers. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Qualified Buyers can put down as little as 25% with excellent bank financing. Additionally, the Long Beach airport is undergoing a $37MM renovation for the upcoming 2028 Olympic Games....
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Home facts
- Year built:1922
- Listing ID #:26640863
- Added:185 day(s) ago
- Updated:July 27, 2026 at 10:52 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:11
- Living area:4,944 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1922
- Building area:4,944 sq. ft.
- Lot area:0.13 Acres
Finances and disclosures
- Price:$1,615,000
- Price per sq. ft.:$326.66
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