Property Details
About this Property
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 well-established residential corridor of North Long Beach.
MLS Listing Information
MLS #
CRPW26036925
MLS Source
California Regional MLS
Days on Site
20
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Contact Information
Listing Agent
Jackson Jorgensen
Younglewin Advisors, Inc.
License #: 02022727
Phone: (626) 399-2415
Co-Listing Agent
Shane Young
License #: 01963090
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
561 E 64th is a Residential Income in Long Beach, CA 90805. This – square foot property sits on a 14,545 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,825,000 and was built in 1960. This address can also be written as 561 E 64th, Long Beach, CA 90805.
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This listing information is up-to-date as of February 23, 2026. For the most current information, please contact Jackson Jorgensen, (626) 399-2415
