437 Bonito
Long Beach, CA 90802
11
Bed
10
Bath
7,340Sqft(Lot)
Significant Price Improvement – Premier Coastal Investment Opportunity! Pabst, Kinney & Associates is pleased to present a well-maintained 10-unit apartment community located in the highly desirable Alamitos Beach neighborhood of Long Beach. The property features an attractive unit mix of (8) one-bedroom/one-bath units and (2) two-bedroom/one-bath units, complemented by 6 single-car garages and 3 carport spaces—an increasingly rare amenity in this premier coastal submarket. Offered for sale for the first time in over 36 years, the asset has recently benefited from strategic rental increases effective July 1, 2026, bringing total current gross income to $18,089 per month (inclusive of garage income). At the newly adjusted pricing, the property operates at an attractive 5.80% cap r
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1962Building Area Total: 6016Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 7340 Lot Size Acres: 0.1685 Lot Size Source: Assessor Lot Size Square Feet: 7,340 Lot Description: RectangularLotProperty Information
Subdivision: Alamitos Beach (AB) Source Property Type: ResidentialIncome Property SubType: Apartment Levels: Two Property Age: 64
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Listing Price Information
Listing Price: $2450000Original Price: $2595000Cash, CashToNewLoan
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Tax Information
Parcel Number: 7266008024 Tax Lot: 5
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Virtual Tour
Parking Information
Parking Total: 9 AssignedGarage Information
Has Garage: Yes Garage Space: 6
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Location Information
Direction: 4th Street to Bonito Ave. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1738 E 4th, Long Beach, CA, 90802 | $299,998 | -- | 1 | 397 | 397 SqFt |
| 1738 E 4th Street #15, Long Beach, CA, 90802 | $279,000 | -- | 1 | 398 | 398 SqFt |
| 1427 E 4th, Long Beach, CA, 90802 | $1,999,000 | 2 | 6 | -- | |
| 530 Almond Avenue, Long Beach, CA, 90802 | $1,250,000 | 3 | -- | 1,962 | 1,962 SqFt |
| 1250 E 4th, #8, Long Beach, CA, 90802 | $280,000 | 1 | 1 | 654 | 654 SqFt |
| 216 Esperanza, Long Beach, CA, 90802 | $1,449,000 | 4 | 4 | -- | |
| 1310 E Ocean #405, Long Beach, CA, 90802 | $819,000 | 1 | 1 | 990 | 990 SqFt |
| 1152 E 1st Street, Long Beach, CA, 90802 | $6,999,000 | 8 | 30 | 19,800 | 19,800 SqFt |
| 1142 E 1st Street, Long Beach, CA, 90802 | $3,475,000 | 14 | -- | 8,965 | 8,965 SqFt |
| 1042 1048 E Broadway, Long Beach, CA, 90802 | $1,635,000 | 3 | 2 | -- |
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ByOwner last updated this listing 08/18/2026 @ 15:53
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