561 E 64th
Long Beach, CA 90805
0
Bed
0
Bath
9,964Sqft
14,545Sqft(Lot)
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 th
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1960 Building Area Total: 9,964 -
Pool Features
PrivateLaundry Features
Common Area
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3339 -
Lot Size Source: Assessor Lot Size Square Feet: 14545
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Listing Price Information
Original List Price: 2,825,000 Listing Contract Date: 2026-02-16 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7115028006
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Other Property Info
Source Listing Status: Active Under Contract Source Neighborhood: 7 - North Long Beach Directions: Off of Atlantic and 64th Source Property Type: Residential Income Area: 7 - North Long Beach Property SubType: Apartment -
Building and Construction
Property Age: 66 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6754 Rose, Long Beach, CA, 90805 | $699,999 | 3 | 2 | 1,421 | 1,421 SqFt |
| 1656 E 63rd, Long Beach, CA, 90805 | $849,000 | 3 | 2 | 1,526 | 1,526 SqFt |
| 1639 E Hungerford Street, Long Beach, CA, 90805 | $689,000 | 2 | 1 | 1,012 | 1,012 SqFt |
| 6147 Gundry, Long Beach, CA, 90805 | $1,050,000 | 4 | 4 | 2,425 | 2,425 SqFt |
| 6449 Lemon Avenue, Long Beach, CA, 90805 | $765,000 | 2 | 1 | 1,110 | 1,110 SqFt |
| 7015 N Atlantic Place, Long Beach, CA, 90805 | $2,850,000 | 4 | 3 | 2,393 | 2,393 SqFt |
| 6841 Millmark, Long Beach, CA, 90805 | $869,000 | 4 | 3 | 1,400 | 1,400 SqFt |
| 5493 Cerritos, Long Beach, CA, 90805 | $755,000 | 3 | 2 | 1,033 | 1,033 SqFt |
| 6050 Olive Avenue, Long Beach, CA, 90805 | $319,000 | 4 | 2 | 1,764 | 1,764 SqFt |
| 6014 Lime Avenue, Long Beach, CA, 90805 | $649,999 | 2 | 1 | 822 | 822 SqFt |
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ByOwner last updated this listing 06/04/2026 @ 08:08
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