Multi-Family for sale in Southern California — $1,615,000. 4 beds · 11 baths · 4,944 sqft. CHEAPEST PRICED LISTING IN ALL OF LONG BEACH. PRICED TO SELL. 8.4 GRM AND 7.2% CAP WITH UPSIDE TO A 8.0 GRM AND 7.7% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control…
$1,615,000
1377 Warren Avenue, Long Beach, CA 90813
CHEAPEST PRICED LISTING IN ALL OF LONG BEACH. PRICED TO SELL. 8.4 GRM AND 7.2% CAP WITH UPSIDE TO A 8.0 GRM AND 7.7% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.7% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 12% cash on cash return against in-place rents. Excellent lender financing available at 5.4% fixed for 5 years - for qualified Buyers. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Qualified Buyers can put down as little as 25% with excellent bank financing. Additionally, the Long Beach airport is undergoing a $37MM renovation for the upcoming 2028 Olympic Games.
Listing updated: July 13, 2026 at 12:59 PM
Listed by: Jonathan Swire, The Agency
Source: CRMLS, MLS#: 26640863, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
7/13/2026 Source: CRMLS, #26640863 | Price change | $1,615,000$327/sqft-0.7% |
| 1/22/2026Source: CRMLS, #26640863 | Listed for sale | $1,627,000$329/sqft |
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