437 Bonito
Long Beach, CA 90802
0
Bed
0
Bath
6,016Sqft
7,340Sqft(Lot)
Significant Price Improvement – Compelling Coastal Investment Opportunity! Well-maintained 10-unit property located in the highly desirable Alamitos Beach neighborhood of Long Beach. The building features an attractive unit mix of (9) 1-bedroom/1-bath units and (1) 2-bedroom/1-bath unit, along with 6 single-car garages and 3 carport spaces—an increasingly rare amenity in this coastal submarket. Offered for sale for the first time in 36 years, the property now benefits from recently implemented rental increases effective July 1, 2026, bringing total monthly income to $18,089 (including garage income). At the new pricing, the property operates at an attractive 5.71% cap rate on current income, with clear potential for additional upside through continued rent growth. Situated just bl
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Fireplace: None -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1962 Building Area Total: 6,016 -
Pool Features
NoneLaundry Features
Laundry Room
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1685 -
Lot Size Source: Assessor Lot Size Square Feet: 7340
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Listing Price Information
Original List Price: 2,495,000 Listing Contract Date: 2026-05-05 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7266008024
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Garage and Parking
Garage Description: AssignedHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: 4th Street to Bonito Ave. Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach Property SubType: Apartment -
Building and Construction
Property Age: 64 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1738 E 4th Street #15, Long Beach, CA, 90802 | $279,000 | -- | 1 | 398 | 398 SqFt |
| 1738 E 4th, Long Beach, CA, 90802 | $299,998 | -- | 1 | 397 | 397 SqFt |
| 1820 E 2nd, Long Beach, CA, 90802 | $5,150,000 | -- | -- | 8,130 | 8,130 SqFt |
| 1545 E 4th Street, Long Beach, CA, 90802 | $1,646,000 | 7 | -- | 4,770 | 4,770 SqFt |
| 535 Nebraska, Long Beach, CA, 90802 | $925,000 | 2 | 1 | 1,211 | 1,211 SqFt |
| 1427 E 4th, Long Beach, CA, 90802 | $1,999,000 | -- | -- | 5,065 | 5,065 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 | -- | -- | 3,816 | 3,816 SqFt |
| 1311 E 1st #12, Long Beach, CA, 90802 | $409,000 | 1 | 1 | 817 | 817 SqFt |
| 1042 1048 E Broadway, Long Beach, CA, 90802 | $1,729,000 | -- | -- | 3,576 | 3,576 SqFt |
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ByOwner last updated this listing 07/01/2026 @ 11:39
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