437 Bonito, Long Beach, CA 90802

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
437 Bonito,Long Beach, CA 90802
$2,595,000
  • - Beds
  • - Baths
  • 6,016 sq. ft.
  • Multi-family
  • Active
Listed by: spencer pabst
Office: pabst, kinney & associates562-987-3244
MLS#:PW26097344
Source:CRMLS

Price summary

  • Price:$2,595,000
  • Price per sq. ft.:$431.35

About this home

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 spaces—an increasingly rare amenity in this coastal submarket. The property is being offered for sale for the first time in 36 years and provides strong in-place income with a current 5.02% cap rate, along with immediate and future upside potential. All units are eligible for rent increases beginning July 1, 2026, bringing the cap rate to approximately 5.56%, with further potential to reach a 6.62% market cap. Located just blocks from the beach, dining, and retail, the property benefits from consistent tenant demand and a highly walkable location. Additionally, the existing garage structures may offer potential for ADU conversion (buyer to verify), providing an opportunity to further increase income and maximize...

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Home facts

  • Year built:1962
  • Listing ID #:PW26097344
  • Added:3 day(s) ago
  • Updated:May 09, 2026 at 01:23 PM

Rooms and interior

  • Living area:6,016 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1962
  • Building area:6,016 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Rectangular Lot
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,595,000
  • Price per sq. ft.:$431.35

Features and amenities

  • Laundry features:Laundry Room

Parking

  • Total parking spaces:9
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:6
Based on information from California Regional Multiple Listing Service, Inc. as of May 9, 2026 . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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