437 Bonito, Long Beach, CA 90802

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
437 Bonito,Long Beach, CA 90802
$2,495,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: spencer pabst
Office: pabst, kinney & associates
MLS#:PW26097344
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,495,000

About this home

Significant Price Improvement Compelling Coastal Investment Opportunity! Well-maintained 10-unit property located in the highly desirable Alamitos Beach neighborhood of Long Beach. The building features an attractive unit mix of (9) 1-bedroom/1-bath units and (1) 2-bedroom/1-bath unit, along with 6 single-car garages and 3 carport spacesan increasingly rare amenity in this coastal submarket. Offered for sale for the first time in 36 years, the property now benefits from recently implemented rental increases effective July 1, 2026, bringing total monthly income to $18,089 (including garage income). At the new pricing, the property operates at an attractive 5.71% cap rate on current income, with clear potential for additional upside through continued rent growth. Situated just blocks from the beach, dining, and retail, the property offers a highly walkable location with strong and consistent tenant demand. The existing garage structures may also present a potential opportunity for ADU...

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Home facts

  • Listing ID #:PW26097344
  • Added:66 day(s) ago
  • Updated:July 11, 2026 at 05:42 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$2,495,000
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