Home | Los Angeles County | Long Beach | 90805 | 561 E 64th
MLS: CRPW26036925 | Status: | Price: $2,750,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 14,545 | 1960 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26036925 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Jackson Jorgensen | Shane Young |
| Younglewin Advisors, Inc. | |
| License #: 02022727 | License #: 01963090 |
| Phone: (626) 399-2415 | Phone: – |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Jordan High School | public | 9-12 | 0.20 mi | 3 |
| Grant Elementary School | public | K-5 | 0.59 mi | 4 |
| Hamilton Middle School | public | 6-8 | 0.79 mi | 4 |
| King Elementary School | public | K-5 | 0.94 mi | 4 |
| Powell Academy For Success | public | K-8 | 1.11 mi | 4 |
| Harte Elementary School | public | K-5 | 1.16 mi | 6 |
| Lindbergh Middle School | public | 6-8 | 1.23 mi | 4 |
| Leona Jackson School | public | 6-8 | 1.27 mi | 6 |
| Addams Elementary School | public | K-5 | 1.29 mi | 5 |
| Kelly Elementary School | public | K-8 | 1.37 mi | 8 |
| Wesley Gaines School | public | K-5 | 1.38 mi | 6 |
| Frank J. Zamboni School | public | 6-8 | 1.49 mi | 6 |
| Cesar Chavez Continuation High School | public | 9-12 | 1.59 mi | 2 |
| Dominguez High School | public | 9-12 | 1.59 mi | 6 |
| Thurgood Marshall School | public | K-12 | 1.59 mi | 2 |
| Mark Keppel School | public | K-5 | 1.60 mi | 4 |
| McKinley Elementary School | public | K-5 | 1.69 mi | 6 |
| Clinton, William Jefferson School | public | K-8 | 1.70 mi | 9 |
| Dooley Elementary School | public | K-5 | 1.71 mi | 4 |
| Emerson Elementary School | public | K-8 | 1.74 mi | 5 |
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of June 10, 2026. For the most current information, please contact Jackson Jorgensen, (626) 399-2415.