Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
1 in DeForest Park
$650,000 Price
561 E 64th St Long Beach, CA 90805
DeForest Park Neighborhood
1
Bed
1
Bath
9,964
Sq Ft
0.33
Acre Lot
Highlights
- Private Pool
- Cul-De-Sac
- 5-minute walk to Houghton Park
- 0.33 Acre Lot
- Laundry Facilities
About This Home
As of June 2026We 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.
Last Agent to Sell the Property
Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #02022727 Listed on: 02/18/2026
Co-Listed By
Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #01963090
Last Buyer's Agent
Younglewin Advisors, Inc. Brokerage Email: jack@younglewin.com License #02022727 Listed on: 02/18/2026
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 14,545 Sq Ft 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
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in DeForest Park, CA
-
Ramon Sanchez
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
124 Total Sales
1 in DeForest Park
$805,000 Price
-
Robert Vanbeveran
Robert Vanbeveran
Elite Homes Realty
(657) 256-5962
7 Total Sales
2 in DeForest Park
$749,990 Price Range
-
Gerry Nicks
Gerry Nicks
Responds QuicklyKeller Williams Realty
(424) 370-0766
166 Total Sales
5 in DeForest Park
$160K - $750K Price Range
-
Marivel Kuenstler
Marivel Kuenstler
Compass
(562) 246-9516
87 Total Sales
1 in DeForest Park
$697,500 Price
-
CARLOS SANDOVAL
CARLOS SANDOVAL
Responds QuicklySIERRA REALTY FONTANA INC
(909) 314-1910
61 Total Sales
1 in DeForest Park
$607,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2026 06/10/26 | Sold | $2,750,000 | -2.7% | $276 / Sq Ft |
| 02/18/2026 02/18/26 | For Sale | $2,825,000 | -- | $284 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Jackson Jorgensen
JJ
Seller's Agent in 2026
Jackson Jorgensen
Younglewin Advisors, Inc.
(562) 318-0215
1 in this area
24 Total Sales
-
Shane Young
Seller Co-Listing Agent in 2026
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
1 in this area
32 Total Sales
Map
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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