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+15624180777
Berkshire Hathaway
573 Nebraska, Long Beach, CA 90802
- $1,392,000
- Sold Price
- $1,392,000
- List Price
- $1,395,000
- Closing Date
- Nov 07, 2025
- Status
- CLOSED
- MLS#
- SB25232214
- Year Built
- 1967
- Lot Size
- 7,387
- Acres
- 0.17
- Lot Location
- Rectangular Lot
- Days on Market
- 14
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Downtown (Dt)
Property Description
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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Additional Information
- Pool Description
- None
- View
- None
- Roof
- Composition
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $113,604
- Operating Expense
- 42710
Listing courtesy of Listing Agent: Anthony Walker (Anthony.walker@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Listing sold by Nicholas Cordero from Sage Real Estate Group, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.