2285 Earl Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodAbout This Home
Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.1% CAP. 9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained. A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 5,934 Sq Ft Lot
- Lot Dimensions are 47x130
Interior Spaces
- 4,945 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 9 Bathrooms
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 9 Units
Listing and Financial Details
- Assessor Parcel Number 7205-019-017
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2026 01/15/26 | For Sale | $1,659,000 | -- | $335 / Sq Ft |
Source: The MLS
MLS Number: 26638761
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Ask me questions while you tour the home.