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561 E 64th, Long Beach, CA 90805

Local realty services provided by:CENTURY 21 Fort Bragg Realty
561 E 64th,Long Beach, CA 90805
$2,825,000
  • - Beds
  • - Baths
  • 9,964 sq. ft.
  • Multi-family
  • Active
Listed by: jackson jorgensen, shane young
Office: younglewin advisors, inc.
MLS#:PW26036925
Source:CRMLS

Price summary

  • Price:$2,825,000
  • Price per sq. ft.:$283.52

About this home

We are pleased to present 561 E. 64th Street, a 1960-construction 16 unit multifamily property located in North Long Beach to market. The property sits on a large 14,552 square foot lot and consists of 16 one bed/one bath units. Operating at a 6.18% cap rate and a 9.19 GRM, in place income is strong. The offering is priced at an attractive low basis of $176,563 per unit and $283 per square foot, positioning the asset below replacement cost and comparable sales in the market. Sixteen covered parking spaces are on site. Current rents remain approximately 18% below market, allowing further upside for a new buyer. The property has recently been extensively replumbed with new pex and copper throughout. Favorable market financing is available, requiring under a $1,000,000 down payment with the ability to achieve over a 7% cash-on-cash return utilizing interest-only financing (buyer to verify). The property is ideally situated directly across the street from Jordan High School, within a

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Home facts

  • Year built:1960
  • Listing ID #:PW26036925
  • Added:1 day(s) ago
  • Updated:February 19, 2026 at 12:30 AM

Rooms and interior

  • Living area:9,964 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:9,964 sq. ft.
  • Lot area:0.33 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,825,000
  • Price per sq. ft.:$283.52
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Fort Bragg Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Fort Bragg Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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