$2,735,375
SOLD OCT 20, 2025

541 E 64th St Long Beach, CA 90805

DeForest Park Neighborhood
1 Bed
1 Bath
10,194 Sq Ft
0.31 Acres

Recently Sold

$268 Per Sq Ft

5% Below List Price

113 Days on Market

About This Home

As of October 2025

**Excellent North Long Beach Location Across From Jordan High School & Houghton Park**
**Priced at $174,687/Unit & $274.18/SF**
**9.68 GRM & 7.1% Cap Rate on Current Income**
**7.64 GRM & 9.8% Cap Rate on Market Rents**
**First Time on the Market in Decades** ----The 64th Street Apartments offer an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy covered parking, gated access and an on-site laundry room.
----Also for sale are neighboring properties of 520 Adams, 540 Adams, 555 Adams & 560 Adams

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 04/10/2025

Last Buyer's Agent

William Larson

First Team Real Estate License #01373184

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.31 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 10,194 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 16 Parking Spaces
  • 16 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 23815
  • Assessor Parcel Number 7115028005
  • $3,338 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,606
  • Fuel Expense $5,606
  • Gardener Expense $2,140
  • Insurance Expense $5,183
  • Maintenance Expense $6,000
  • Other Expense $1,500
  • Pest Control $803
  • Trash Expense $5,606
  • Water Sewer Expense $5,606
  • New Taxes Expense $38,002
  • Operating Expense $81,555
  • Gross Income $2,100
  • Net Operating Income $198,410

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.10
  • Property Attached: Yes
  • Water Sewer Expenses: 5606.00
  • Zoning: LBR4R
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2140.00
  • Parcel Number: 7115028005
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 268.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 803.00
  • Sewer: Public Sewer
  • Trash Expense: 5606.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13517.00
  • Lot Size Acres: 0.3103

Multi Family

  • Electric Expense: 5606.00
  • Fuel Expense: 5606.00
  • Gross Income: 2100.00
  • Gross Multiplier: 10.10
  • Gross Operating Income: 279965.00
  • Gross Scheduled Income: 288624.00
  • Insurance Expense: 5183.00
  • Laundry Income: 2100.00
  • Lot Size Area: 13517.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 198410.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 8155.00
  • Other Expense: 1500.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Expenses: 81555.00

Tax Info

  • New Taxes Expense: 38002.00
  • Tax Census Tract: 5703.05
  • Tax Lot: 10
  • Tax Tract Number: 23815
  • TaxOtherAnnualAssessmentAmount: 3338.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2025 10/20/25 Sold $2,735,375 -2.1% $268 / Sq Ft
08/01/2025 08/01/25 Pending -- -- --
06/26/2025 06/26/25 Price Changed $2,795,000 -3.0% $274 / Sq Ft
04/10/2025 04/10/25 For Sale $2,880,000 -- $283 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2025

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    6 in this area

    32 Total Sales

    Doug Rodermund
    Section Image
  • William Larson

    Buyer's Agent in 2025

    William Larson

    First Team Real Estate

    (866) 525-3656

    5 in this area

    24 Total Sales

    William Larson
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25079294

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 DeForest Park

541 E 64th St, Long Beach, CA

Sold

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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