561 E 64th, Long Beach, CA 90805

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
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.562-318-0215
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:97 day(s) ago
  • Updated:May 27, 2026 at 10:44 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
  • Lot Features:Cul De Sac

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

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

Features and amenities

  • Pool features:Private
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