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
$2,450,000
  • 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:$2,450,000

About this home

Significant Price Improvement Premier Coastal Investment Opportunity! Pabst, Kinney & Associates is pleased to present a well-maintained 10-unit apartment community located in the highly desirable Alamitos Beach neighborhood of Long Beach. The property features an attractive unit mix of (8) one-bedroom/one-bath units and (2) two-bedroom/one-bath units, complemented by 6 single-car garages and 3 carport spacesan increasingly rare amenity in this premier coastal submarket. Offered for sale for the first time in over 36 years, the asset has recently benefited from strategic rental increases effective July 1, 2026, bringing total current gross income to $18,089 per month (inclusive of garage income). At the newly adjusted pricing, the property operates at an attractive 5.80% cap rate on current income, with a projected 7.30% market cap rate, offering clear and measurable upside through continued rental growth. Ideally situated just blocks from the beach, as well as a vibrant mix of...

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Home facts

  • Subdivision & Development:Alamitos Beach (AB)
  • Listing ID #:PW26097344
  • Added:112 day(s) ago
  • Updated:August 26, 2026 at 02:07 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$2,450,000
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