$1,940,000
$109K PRICE DROP

435 W 11th St Long Beach, CA 90813

Willmore Neighborhood

Estimated payment $12,804/month

Total Views 6,196
14 Beds
9 Baths
6,395 Sq Ft
$303 Price per Sq Ft

About This Home

PRICE REDUCED AND READY TO SELL. Priced at UNDER 10 GRM and 6.6% CAP with upside to 8.5 GRM and a 8.2% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on the West Side blocks from Downtown Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree-lined street. The property is professionally managed and well-maintained. All units have their own private parking included, and most have a private outdoor patio. All have W/D hookups. All units have their own water heater. Rents have not been raised in over a year. A new owner can raise rents to market and achieve a 8.5 GRM and 8.2% CAP. Earn over a 14% cash-on-cash return at market rents. Qualified Buyers can put as little as 25% down. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.

Listing Agent

Jon Swire

The Agency License #01336277 Listed on: 04/21/2025

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,611

Year Built

  • Built in 1936

Parking

  • Assigned Parking

Interior Spaces

  • 6,395 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 9 Bathrooms

Additional Features

  • 9,685 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Buildings
  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7272-004-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,611

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6395
  • Lot Acreage: 0.2223
  • Year Built: 1936
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 303.36

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 36.53
  • Assessed Improvement Value: 818264
  • Assessed Land Percent: 63.47
  • Assessed Land Value: 1421738
  • Total Assessed Value: 2240002
  • Assessor Parcel Number: 7272-004-034
  • Lot Size Area: 9685

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.80
  • Number Of Units: 9
  • Total Annual Expense: 63000
  • Type Of Units: Income
  • Vacancy Rate: 0%

Map

Range of Values:

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ICE

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,611 $2,284,801 $1,450,172 $834,629
2024 $29,611 $2,240,002 $1,421,738 $818,264
2023 $29,108 $2,196,081 $1,393,861 $802,220
2022 $27,328 $2,153,022 $1,366,531 $786,491
2021 $26,771 $2,110,807 $1,339,737 $771,070
2020 $26,701 $2,089,164 $1,326,000 $763,164
2019 $14,448 $1,061,207 $742,845 $318,362
2018 $13,975 $1,040,400 $728,280 $312,120
2016 $6,620 $461,305 $276,788 $184,517
2015 $6,382 $454,377 $272,631 $181,746
2014 $6,388 $445,477 $267,291 $178,186
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $1,940,000 -1.8% $303 / Sq Ft
06/17/2025 06/17/25 Price Changed $1,975,000 -1.0% $309 / Sq Ft
05/27/2025 05/27/25 Price Changed $1,995,000 -0.2% $312 / Sq Ft
04/30/2025 04/30/25 Price Changed $1,999,000 -2.4% $313 / Sq Ft
04/21/2025 04/21/25 For Sale $2,049,000 0.0% $320 / Sq Ft
03/08/2019 03/08/19 Sold $2,048,200 -6.7% $320 / Sq Ft
01/24/2019 01/24/19 Pending -- -- --
01/06/2019 01/06/19 For Sale $2,195,000 -- $343 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,048,500 North American Title
Grant Deed $1,000,000 Ticor Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,645,000 Commercial
Closed $1,536,500 Construction
Previous Owner $700,000 Commercial
Previous Owner $700,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $85,000 Commercial
Source: Public Records

Source: The MLS

MLS Number: 25528237

The MLS

APN: 7272-004-034

California Los Angeles County Long Beach 90813 Willmore

435 W 11th St, Long Beach, CA

This home is located at 435 W 11th St, Long Beach, CA 90813 and is currently priced at $1,940,000, approximately $303 per square foot. This property was built in 1936. 435 W 11th St is a home located in Los Angeles County with nearby schools including Edison Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Jon Swire
Listing Agent
Jon Swire
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The Agency
(562) 550-7505