911 E 10th Street, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$1,095,000
911 E 10th Street, Long Beach, California 90813
0Bed
0Bath
3,200Sqft
4,017Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: The property is strategically located just minutes from Downtown Long Beach, offering close proximity to shopping, dining, public transit, and the beach, in a high-demand rental market.
Top Cons:
Property Age: Built in 1961, the property is over 60 years old, which may necessitate higher long-term maintenance costs or require updates to systems and aesthetics to remain competitive.
Compared to the nearby listings
Price:$1.09M vs avg $850.0K (+$245,000)77%
Size:3,200 sqft vs avg 2,366 sqft85%
Price/sqft:$342 vs avg $34738%
More Insights
Built in 1961 (64 years old).
Condition: Built in 1961, this property is over 60 years old. While described as 'well-maintained,' there's no evidence of extensive recent renovations. The visible interior shows a mix of newer laminate flooring and older, dated tile. The exterior, including the cracked asphalt parking and older windows, also shows its age. Crucially, there are no images of the kitchens or bathrooms, which are key indicators of condition and style. Without visual confirmation, it's reasonable to assume these areas are functional but likely dated, aligning with a property that has been maintained through regular upkeep but has not undergone a major modernization in the last 15-30 years.
Year Built
1961
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$342
HOA
-
Days on market
-
Sold On
-
MLS number
PW25271567
Home ConditionFair
Features
Deck
View-
About this home
911 E. 10th St., a well-maintained 4-unit multifamily property located just minutes from the heart of Downtown Long Beach. Each of the four units features a 2-bedroom, 1-bathroom layout—ideal for steady rental income or multi-generational living. Every unit includes interior laundry hookups for added convenience, and each has its own dedicated parking space, a valuable amenity in this urban area. Positioned in a high-demand rental market with close proximity to shopping, dining, public transit, and the beach, this property offers excellent long-term value. Whether you're an investor looking for strong returns or an owner-occupant seeking additional income, 911 E. 10th St. checks all the boxes. One unit is available for viewing. On actual rents, 10.69 GRM and 6.55% cap rate. Positive cash flow on day one.
Price History
Date
Event
Price
09/04/01
Sold
$210,000
06/08/01
Sold
$284,134
04/14/98
Sold
$279,000
07/29/97
Sold
$120,000
10/16/03
Sold
$470,000
07/10/02
Sold
$300,000
Condition Rating
Fair
Built in 1961, this property is over 60 years old. While described as 'well-maintained,' there's no evidence of extensive recent renovations. The visible interior shows a mix of newer laminate flooring and older, dated tile. The exterior, including the cracked asphalt parking and older windows, also shows its age. Crucially, there are no images of the kitchens or bathrooms, which are key indicators of condition and style. Without visual confirmation, it's reasonable to assume these areas are functional but likely dated, aligning with a property that has been maintained through regular upkeep but has not undergone a major modernization in the last 15-30 years.
Pros & Cons
Pros
Exceptional Location: The property is strategically located just minutes from Downtown Long Beach, offering close proximity to shopping, dining, public transit, and the beach, in a high-demand rental market.
Strong Financial Performance: With a 10.69 GRM and 6.55% cap rate on actual rents, the property promises positive cash flow from day one, indicating a robust investment opportunity.
Desirable Unit Configuration & Amenities: Each of the four units features a sought-after 2-bedroom, 1-bathroom layout, complete with interior laundry hookups and a dedicated parking space, highly appealing to urban renters.
Well-Maintained Condition: The property is explicitly described as 'well-maintained,' suggesting a lower likelihood of immediate, significant capital expenditures for a new owner.
Versatile Investment Potential: Ideal for both investors seeking strong returns and owner-occupants looking for additional income, broadening its appeal to a diverse buyer pool.
Cons
Property Age: Built in 1961, the property is over 60 years old, which may necessitate higher long-term maintenance costs or require updates to systems and aesthetics to remain competitive.
Limited Unit Access for Inspection: Only one unit is available for viewing, potentially hindering a comprehensive inspection of the entire property and obscuring conditions in the other occupied units.
Lack of Premium Views: The property description indicates 'view: None,' meaning it does not offer any special scenic or desirable views that could add a premium to its market value.