573 Nebraska, Long Beach, CA 90802

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
573 Nebraska,Long Beach, CA 90802
$1,395,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:anthony walker310 982-7055
Office:buckingham investments, inc
MLS#:SB25232214
Source:CAREIL

Price summary

  • Price:$1,395,000

About this home

Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).

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Home facts

  • Year built:1967
  • Listing ID #:SB25232214
  • Added:1 day(s) ago
  • Updated:October 07, 2025 at 04:26 PM

Structure and exterior

  • Roof:Composition
  • Year built:1967
  • Lot area:0.17 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,395,000
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