561 E 64th St Long Beach, CA 90805
DeForest Park NeighborhoodEstimated payment $17,378/month
Highlights
- Private Pool
- Cul-De-Sac
- Laundry Room
- 0.33 Acre Lot
About This Home
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.
Listing Agent
Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #02022727 Listed on: 02/18/2026
Co-Listing Agent
Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #01963090
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.33 Acre Lot
- Two or More Common Walls
- Cul-De-Sac
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 9,964 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Additional Features
- Private Pool
- Urban Location
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 23815
- Assessor Parcel Number 7115028006
- $4,541 per year additional tax assessments
Community Details
Overview
- 16 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $123,607
- Gross Income $307,464
- Net Operating Income $174,633
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/18/2026 02/18/26 | For Sale | $2,825,000 | -- | $284 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26036925
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 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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Ask me questions while you tour the home.